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USDA's December Cattle on Feed report showed feedlot inventories on December 1 at 11.739 million head, up 2% and the largest December total since 2011. November placements fell 5% year over year, the third straight monthly decline.
Lower carcass weights and aggressive marketings kept feedlots current.
Lower placements tighten feeder cattle supply ahead, which supports feeder prices, though large inventories and lighter carcass weights cap fed cattle gains. The price direction is bullish for feeders and neutral for fed cattle.
feedstuffs.comKrissa Welshans31 dic 2018Tras 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.
Tras 78 eventos neutral de informe pasados, Ganado en pie se movió una mediana de +0,2 % en 5 sesiones (54% al alza; mitad central entre -1,0 % y +1,0 %), 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.
The Cattle on Feed report released on the move date showed a 5% drop in November placements, a third straight monthly decline, which signals tighter forward supply and likely supported futures even though inventories were up 2%.
