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Gateway Livestock Exchange analyst Anne Wasko expects US on-feed cattle numbers to rise about 5 percent, with placements up 6-7 percent and marketings up about 5 percent. She flags pork tariffs with Mexico as the key price risk.
Larger cattle inventories mean more feed consumption, supporting feed grain demand, while trade pressure on pork could weigh on hog and feed demand.
realagriculture.comRealAgriculture News TeamAug 24, 2018After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
