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A column discusses the expanding US feeder cattle supply outside feedlots, with 37 million head as of July 1, 4.5 percent above the 2015 midsummer census. It also covers JBS being forced to divest assets after a Brazilian corruption scandal, including its Five Rivers US cattle feeding network.
A growing feeder cattle inventory and a possible large sale of JBS's US feeding network could add supply pressure and shift ownership of cattle feeding capacity, though the column is opinion rather than new market data.
dtnpf.comJul 27, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
