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The USDA weekly National Feeder and Stocker Cattle report for February 14 showed receipts of 341,300 head, well above last week and last year. Demand was good to very good, with steers and heifers selling $5 to $9 higher.
Summer and fall feeder futures were described as bullish.
Strong demand and firm forward feeder futures point to continued support for feeder cattle prices. Heavy receipts are a bearish offset that limits the upside.
capitalpress.comStaff Reports15 feb 2022Tras 227 eventos alcista de informe pasados, Ganado de engorde (feeder) se movió una mediana de +0,4 % en 5 sesiones (57% al alza; mitad central entre -1,2 % y +1,5 %), y +1,1 % 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.
