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USDA's weekly National Feeder and Stocker Cattle report showed steers and heifers selling 2-6 higher week over week, with some auctions posting double-digit gains. Receipts were 315,100 head, up from 226,800 the prior week.
Buyers were encouraged by warmer weather and a rally in CME cattle futures.
Stronger feeder bids and heavy receipts signal firmer feeder cattle values, though cattle feeders remain cautious about the cash fed market outlook. The report is a routine data release with a modest price implication.
capitalpress.comStaff Reports21 feb 2020Tras 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.
