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The USDA Cattle on Feed report showed 11.6 million head on feed on May 1, 2018, up 5% from a year earlier. April placements were 1.70 million head, 8% below 2017, and marketings were 1.80 million head, 6% above 2017.
All numbers came in line with analyst expectations.
Feed supplies remain large, which weighs on fed cattle prices, while lower placements point to a tightening feeder supply. Because results matched expectations, the report is unlikely to move prices on its own.
feedstuffs.comKrissa Welshans 125 may 2018Tras 78 eventos neutral de informe pasados, Ganado en pie se movió una mediana de +0,2 % en 5 sesiones (54% al alza; mitad central entre -1,0 % y +1,0 %), y +0,7 % en 20.
Tras 44 eventos neutral de informe pasados, Ganado de engorde (feeder) se movió una mediana de +0,3 % en 5 sesiones (59% al alza; mitad central entre -0,9 % y +1,0 %), y +0,5 % 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 Cattle on Feed details (placements 8% below last year) were in line with expectations, but they confirmed lower placements and supported the short-covering rally.
