DJ Summary For January USDA Monthly Cattle On Feed Data
Data from the U.S. Department of Agriculture’s monthly cattle-on-feed report, released at 3:00 p.m. ET Friday, and analysts’ estimates as compiled by the Wall Street Journal. In million head.
Numbers USDA’s Average Range
2018 2017 estimated of analysts’ of analysts’
General Comments: Cotton was sharply lower in response to the por weekly export sales report from USDA. The weekly sales of Upland Cotton were as low as they had been in several months, and the news provided a fundamental reason to sell futures. The weekly charts suggest that a bigger correction might be […]
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Commodities are on fire as the economy in the U.S. leads the world in a commodity consuming growth period. Lumber surged to all-time highs and industrial metals are strong as manufacturing and factory growth around the globe is strong. Oil prices are pulling back after a rise in the rig count even though it’s making […]Continue Reading →
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