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Rabobank said the U.S. cattle oversupply had cleared, citing strong domestic demand, Chinese and Southwest Asian beef buying, and larger-than-expected fed cattle marketings. A joint USDA and Statistics Canada report put the July 1 combined herd at 113 million head, down 1% year over year.
A shrinking herd and cleared backlog tighten cattle supplies and support live and feeder cattle prices going into the fall.
foodinstitute.comChris Campbell31 ago 2021Tras 268 eventos alcista de informe pasados, Ganado en pie se movió una mediana de +0,3 % en 5 sesiones (58% al alza; mitad central entre -0,7 % y +1,4 %), y +1,7 % en 20.
Tras 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.
Rabobank's view that the U.S. cattle oversupply had cleared, plus strong domestic and Asian beef demand, was a bullish supply/demand signal that plausibly drove buying.
Rabobank's view that the US cattle oversupply has cleared, with strong demand and a smaller herd, is a bullish sentiment and supply factor published on Aug 31.
