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USDA's October 1 Cattle on Feed report, released Friday October 20, showed 11.58 million head on feed, higher than expected. December live cattle fell $6.27 to a four-month low of $178.35 on Monday as speculators exited positions.
Higher-than-expected feedlot numbers signal larger near-term beef supply, pressuring live cattle and feeder cattle prices and reducing demand for cattle-feed inputs in the short run.
dtnpf.comElaine Shein24 oct 2023Tras 144 eventos bajista de informe pasados, Ganado en pie se movió una mediana de -0,1 % en 5 sesiones (49% al alza; mitad central entre -1,1 % y +0,9 %), y +0,5 % en 20.
Tras 126 eventos bajista de informe pasados, Ganado de engorde (feeder) se movió una mediana de +0,1 % en 5 sesiones (52% al alza; mitad central entre -1,3 % y +2,0 %), y +0,6 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
The bearish USDA Cattle on Feed report of Oct 20 showed higher-than-expected feedlot inventories, triggering speculative liquidation and a sharp drop in live cattle futures.
The On Feed report showed higher-than-expected cattle on feed, and December live cattle fell to a four-month low on Oct 23 as speculators liquidated, which is the supply and sentiment driver of the move.
