Demand Concerns Pressure Cattle July 28, 2022
The Bureau of Economic Analysis released its first estimate of Q2 Gross Domestic Product this morning. They found it ran -0.9% from one year ago in the same quarter. That was a bit under the trade expectation of +0.5%. This now marks two quarters in a row of year over year GDP declines. Q1 was left unchanged on this report at -1.6%. Officially we have yet to see any major problems with end user procurement on beef. This GDP number will be revised again on August 25 then again September 29.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
Possible light fund short covering yesterday
December 6, 2023
-
Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
-
SA maps still look solid for rains in the 10 day
December 1, 2023
-
Trade expects strong exports and more 8 AM announcements
November 30, 2023
-
Open interest continues to fall drastically
November 29, 2023
Market Movers
December 6, 2023
December 4, 2023
December 1, 2023
November 30, 2023
November 29, 2023
Snapshots
Snapshots