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USDA's April cattle-on-feed report showed 4.2 million heifers and heifer calves on feed, up 14% from a year earlier and about 36% of total feedlot inventory. Total cattle on feed was 11.7 million head, the second-highest April 1 figure on record.
USDA analyst Shayle Shagam expects feeder prices, now about $145 per hundredweight, to fall into the high $130s in the third quarter.
Heavy feedlot placements and heifer retention point to more fed beef supply and lower feeder prices, which weighs on cattle futures in the coming months.
brownfieldagnews.com23 abr 2018Tras 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.
Cattle-on-feed report showed record-high heifer placements and the second-highest April inventory, signaling heavy summer beef supplies and bearish futures sentiment.
The cattle-on-feed report showed record-high heifer placements and large inventories, which implies heavy supply and weaker prices ahead.
