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Federally inspected slaughter of beef cows rose 13% to 25% year over year in early December 2019, and cutter cow prices stayed over 10% above year-earlier levels. A larger-than-expected November cattle placement is expected to boost marketings in second-quarter 2020.
Heavier cow culling adds near-term beef supply, while larger feedlot placements point to more fed cattle in the second quarter, both weighing on cattle prices in the near term.
agproud.comRussell KnightFeb 25, 2020After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.
After 126 past bearish report events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
