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Dow Jones: Tuesday
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CHICAGO (Dow Jones)--Analysts and brokers called for a mixed Chicago Mercantile Exchange live cattle open Tuesday. Brokers called feeder cattle flat to down 30 points on caution due to Chicago Board of Trade corn's narrowly mixed overnight trade and several contracts' bearish premiums to CME's feeder cattle index. Lean hogs ... are expected to open mixed on spillover buying and supportive pork cutouts versus potential profit taking and sentiments that Monday's run up was overstated. Pork bellies are seen mixed on follow-through buying and firm fresh belly quotes Monday at $80 per hundredweight against possible profit taking by longs and February's overbought chart indicator.
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CHICAGO (Dow Jones)--Analysts and brokers anticipate Chicago Mercantile Exchange live cattle to open mixed Wednesday on possible spillover weakness versus potential short covering after Tuesday's losses. Feeder cattle ... are called mixed on spillover selling and chart pressure against potential short covering and electronic-CBOT feedgrain's pullback. Lean hogs are seen mostly weak on selling follow-through, fading pork cutout values and steady-to-lower cash calls. Pork bellies are expected mostly weak on follow-through liquidation and Tuesday's steady-to-$1 per hundredweight lower fresh belly price at $70 to $71.
(Dow Jones)--Russia imported in January-October 1.03 million metric tons of poultry, 0.5% more than in the corresponding period last year, the federal customs service said Tuesday. All the poultry came from countries outside the CIS and its worth was $824.4 million compared with $730.1 million a year earlier.
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