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Ranchers in September drove 13.5 percent more cattle into U.S. feedlots than the same month a year earlier, the U.S. Department of Agriculture reported on Friday.
The result topped analysts’ average forecasts and hit its highest level for the month in six years.
[quote=U.S. Commodities President Don Roose]”The good news for the consumer is we’ve got record supplies of beef and pork going into the fourth quarter. And when we get
into the spring grilling season, we’re going to have big supplies still,”[/quote]* Sept. placements up 13.5 pct vs year ago
* Oct. 1 feedlot cattle at 105.4 pct of year ago
* Sept. marketing up 2.9 pct vs last year
* Report bearish for CME live cattle futuresShinzo Abe’s convincing election victory lifted the Nikkei overnight to its highest in 21 years, climbing 1.1% to 21,697, with the prime minister on track to become Japan’s longest-serving leader.
The super majority will extend the lifespan of “Abenomics,” allowing the BOJ to continue with massive monetary easing, even as the Fed seems determined to hike rates again in December.
Abe calling early worked out a lot better from him then May in the U.K. – he can forge ahead as he chooses now.
Cisco (NASDAQ:CSCO) announces a definitive agreement to acquire BroadSoft (NASDAQ:BSFT) for $55 per share or about $1.9B in cash.
Cisco expects the acquisition to close during 1Q18.[size=5]Some minor profit taking today
Dow Jones … 23,273.96 -54.67 (-0.23%)
S&P 500 …2,564.98 -10.23 (-0.40%)
Nasdaq … 6,586.83 -42.23 (-0.64%)[/size]sorry aboot that
I had to take a nap after being awake all weekendyou can see the market tank literally when I signed off at 11am
The Donald should appoint me as next Fed chair to prevent these things from happening
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