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Cattle futures weakened over the week after the Cattle on Feed report showed unexpectedly large March feedlot placements. Live cattle futures closed lower on sagging wholesale beef values and concerns that high retail beef prices are weighing on demand.
Negotiated cash fed cattle prices held steady to higher ahead of a summer supply increase.
Larger-than-expected placements add to future fed cattle supply, pressuring futures, while firm cash prices reflect tight near-term supplies. Feed demand from feedlots depends on how placements and cash prices evolve into summer.
cattlecurrent.comWLI2 mai 2022Après 144 événements rapport baissier passés, Bovins vivants a varié en médiane de -0,1 % sur 5 séances (49 % de hausses ; moitié centrale de -1,1 % à +0,9 %), et de +0,5 % sur 20.
Après 126 événements rapport baissier passés, Bovins d'engraissement a varié en médiane de +0,1 % sur 5 séances (52 % de hausses ; moitié centrale de -1,3 % à +2,0 %), et de +0,6 % sur 20.
Variations du benchmark de chaque matière depuis la dernière clôture avant l'événement. Les lectures historiques regroupent les événements passés de même nature ; elles décrivent ce qui s'est passé, pas ce qui arrivera. Ceci n'est pas un conseil en investissement.
Larger-than-expected feedlot placements in Cattle on Feed, weaker wholesale beef values and retail-price demand worries are bearish for futures during the window.
Dated May 2, it reports live cattle futures closing lower on weak wholesale beef values and demand concerns from high retail prices, plus large Cattle on Feed placements, which weigh on sentiment and demand.
Futures weakened on large placements in the On Feed report, sagging wholesale beef values and retail-price demand concerns, which are bearish sentiment drivers.
Futures weakened after unexpectedly large placements, with sagging wholesale beef and retail price demand worries adding bearish sentiment.
