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Winter storms and mud stalled fed cattle trade this week, with no cash trade reported as February live cattle traded near $127.10 after a correction. Packer margins fell to about $28 per head, the lowest in a long time, and packers were expected to cut slaughter.
Feeders in Kansas were eager to move cattle before they lost more weight.
Packers reducing slaughter to protect margins can tighten fed cattle supply and support prices, though weather-related delays add uncertainty. Feed demand may also soften if feeders hold cattle on feed longer than planned.
wlj.netPete Crow, WLJ publisher emeritus18 ene 2019Tras 80 eventos alcista de clima pasados, Ganado en pie se movió una mediana de +0,1 % en 5 sesiones (54% al alza; mitad central entre -0,8 % y +1,3 %), y +0,7 % 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.
