CME live cattle futures closed lower ahead of the Independence Day holiday on weaker boxed beef and cash trade. USDA reported an unexpected spike in weekly beef export sales, though the agency said some deals may have occurred months earlier and traders questioned the data.
Packer losses were estimated at about $295 per head.
The export sales report is a data surprise that may not reflect real demand, and deep packer losses point to likely reduced slaughter, which could weaken near-term cattle demand for feed.
Tras 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.
Futures closed lower on weaker boxed beef and cash trade with packer losses of about $295 per head; the export sales spike was doubted and did not support prices.
Futures closed lower on weaker boxed beef and cash trade with heavy packer losses; the questionable export spike did not support prices.