By Dow Jones Business News, September 27, 2013, 10:46:00 AM EDT
Hog Slaughter Projected 421,000; Cattle 116,000 - Sept. 27
Today Week Ago Year Ago Saturday Week Ago Year Ago
Hogs 421,000 425,000 426,239 67,000 36,000 175,517
Cattle 116,000 118,000 122,485 23,000 28,000 23,418
Hogs Cattle Hogs Cattle
Allendale Inc. 420,000 115,000 70,000 28,000
Commodity Services 423,000 120,000 64,000 18,000
HedgersEdge.com/RJ O'Brien 419,000 113,500 65,000 22,000
STORIES OF INTEREST
ADM Leaves Decatur With Little Town Blues
DECATUR, Ill. -- Archer Daniels Midland Co. has pervaded the economic life of this city for decades, much as the odor
from its corn and soybean processing plants permeates the air.
But Decatur, which is 180 miles or more from the nearest major airport in Chicago, has become an increasingly awkward
fit as the home of one of the nation's biggest corporations. The town has been down on its luck for years, with an
unemployment rate nearly twice the national average, and some here were expecting more bad news.
So when ADM called 15 civic leaders to a lunch on Monday to break the news that it's moving its headquarters--along
with about 100 jobs--to a bigger city, there was shock, but also some relief that the toll wasn't worse.
U.S. Pork Packers Bid Flat to $1.50 Lower for Hogs on Mixed Demand
CHICAGO--Packers seeking slaughter-ready hogs in U.S. cash markets are expected to pay steady to slightly weaker
prices Friday, traders said, as plants have variable buying interest across the major hog producing states.
Pork processors are bidding steady with Thursday prices to $1.50 lower on a live basis, with the majority of trade
likely to take place 50 cents lower than prices paid the day before. Some dealers said they continue to see fewer
available pigs than normal for this time of year, possibly because of a delayed reflection of the death loss due to the
spread of porcine epidemic diarrhea virus, or PEDV, during the spring and summer.
U.S. Cash Cattle Trade Still Quiet; Bids at $1.23 in South
CHICAGO--Cash cattle markets remain quiet early Friday, with only scattered bids and offers from cattle owners far
above last week's prices.
This week's showlists for marketed cattle at central and southern Plains feedlots are down for the week in most
regions except Texas, leading some market watchers to suspect the fewer available cattle could hold cash market prices
steady, or even lift them from prices paid the week before.
Write to Kelsey Gee at email@example.com
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