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CME live cattle futures declined as large domestic supplies weighed on prices after a fire at a Tyson Foods slaughterhouse in Kansas temporarily removed a major buyer of livestock. The USDA opened an investigation into whether unfair practices explain the wide gap between cattle and beef prices.
Reduced packer capacity has shifted cattle to other plants and pressured cash cattle, which weighs on feeder cattle demand and futures values while the USDA probe adds uncertainty to packer pricing.
advancedeconomicsolutions.com30.08.2019Nach 29 vergangenen Ereignisse (bearisch, Logistik) bewegte sich Lebendrinder im Median über 5 Handelstage um -0,3 % (38% höher; mittlere Hälfte -2,0 % bis +0,5 %) und über 20 Handelstage um -3,7 %.
Nach 20 vergangenen Ereignisse (bearisch, Logistik) bewegte sich Mastrinder (Feeder) im Median über 5 Handelstage um +1,3 % (60% höher; mittlere Hälfte -0,7 % bis +2,0 %) und über 20 Handelstage um +2,1 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
CME live cattle futures fell as ample cattle supplies met reduced packer demand after the Tyson fire, and the USDA probe added uncertainty, which is the mechanism for the late-August weakness.
CME cattle futures declined on large supplies, the lost Tyson buyer and the USDA probe, which is directly in the move window and pressured feeder cattle.
Futures declined on large supplies and a removed buyer after the fire, plus the USDA probe, a negative sentiment backdrop heading into the Sept 3 drop.
