Loading…
USDA's mid-year cattle inventory put the total U.S. herd at 103 million head, 4 percent above last summer and the largest in nearly a decade. Beef cow numbers rose 7 percent, while replacement heifer numbers fell from 2016.
Some analysts say beef cow expansion is leveling off.
A larger herd adds future beef supply, which is bearish for feeder and live cattle prices, though slowing heifer retention could limit further expansion.
tscra.orgWritten by: kristinJul 26, 2017After 126 past bearish report events, FCATTLE moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.
After 144 past bearish report events, LCATTLE moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), 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.
