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Live cattle futures sold off on April 1 after HPAI was found in dairy cows in Texas and a dairy worker became the second known human case in the U.S. Traders pulled back, and the April contract fell toward $180 while the weighted average cash price had reached $188.10. The author argues that the selloff was driven by fear rather than fundamentals.
The selloff lowered cattle futures and gave packers cheaper cattle, which pressures livestock feed demand and prices. Analysts see little food-chain exposure, so prices could recover if fear fades.
wlj.netPete Crow, WLJ publisher emeritus5 abr 2024Tras 70 eventos bajista de enfermedad pasados, Ganado en pie se movió una mediana de +0,0 % en 5 sesiones (51% al alza; mitad central entre -1,7 % y +1,0 %), y +0,4 % 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.
