LIVESTOCK HIGHLIGHTS: Top Stories of the Day
24 Noviembre 2017 - 4:45PM
Noticias Dow Jones
TOP STORIES
Export Sales Underwhelm Grain, Soybean Traders -- Market
Talk
10:27 ET - Grain and soybean futures open mostly lower after US
export sales largely fell short of expectations. The USDA said
American exporters sold a total 903,600 metric tons of soybeans and
200,500 tons of wheat in the week ended Nov. 16, both below the
range of prereport estimates. Corn sales of 1.106M tons were within
expectations, as were soybean oil sales. Soybean meal sales beat
estimates. CBOT January soybean futures fall 0.1% to $9.96 1/2 a
bushel. December corn futures fall 0.1% to $3.44 3/4 while December
wheat slides 1% to $4.18 1/2. (benjamin.parkin@wsj.com ;
@b_parkyn)
STORIES OF INTEREST
Delivery Hero Should Match Rivals' Momentum in 3Q Results: UBS
-- Market Talk
1054 GMT - Delivery Hero should deliver "strong top line growth"
when it reports on Monday, says UBS, given that competitors Just
Eat and Takeaway.com have already reported strong revenue and order
volume for the quarter. Investors will be particularly interested
in the sales figures for Europe, where the "path to profitability"
is a key concern, and MENA, which UBS sees as a test of the
company's "ability to successfully execute in its markets,
following a period of fast-paced acquisitions." With the
HungryHouse sale now complete, investment priorities, such as
acquisitions or increased marketing, are also of interest to UBS.
Shares trade down 0.8% at EUR38.90.
(sonia.amaralrohter@dowjones.com)
FUTURES MARKETS
Hog Futures Rise, Cattle Stumble After Thanksgiving
Hog futures rose in a quiet session on Friday, strengthened by
higher prices for physical hogs.
Cash prices for slaughter-ready pigs rose slightly this week,
interrupting almost a month of losses. Meatpackers paid $56.65 per
100 pounds for hogs ahead of the Thanksgiving holiday, the
second-consecutive day of modest gains.
CME December live cattle futures fell 0.5% to $1.185 cents a
pound.
CASH MARKETS
Estimated U.S. Pork Packer Margin Index - Nov 24
All figures are on a per-head basis.
Date Standard Margin Estimated margin
Operating Index at vertically -
integrated operations
*
Nov 24 +$46.18 +$45.72
Nov 22 +$46.27 +$43.92
Nov 21 +$44.53 +$42.28
* Based on Iowa State University's latest estimated cost of production.
A positive number indicates a processing margin above the cost of production of the animals.
Beef-O-Meter
This report compares the USDA's latest beef carcass composite
values as a percentage of their respective year-ago prices.
Beef
For Today Choice 113.9
(Percent of Year-Ago) Select 111.0
USDA Boxed Beef, Pork Reports
Wholesale choice-grade beef prices Friday rose $1.98 per hundred
pounds, to $210.99, according to the USDA. Select-grade prices fell
79 cents per hundred pounds, to $187.85. The total load count was
82. Wholesale pork prices rose 84 cents, to $81.67 a hundred
pounds, based on Omaha, Neb., price quotes.
(END) Dow Jones Newswires
November 24, 2017 17:30 ET (22:30 GMT)
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