Memuat…
CME live cattle futures set a contract high as cash trades in Nebraska and Iowa reached $170 to $172 per cwt, up about $5 on the week and new 2023 highs. Analysts attributed the tight fed cattle supply to herd reductions from drought and high feed costs.
USDA estimated 126,000 cattle slaughtered and feeder cattle also rose.
Drought-driven herd liquidation is shrinking the supply of market-ready cattle, which supports higher fed and feeder cattle prices and raises beef processor costs.
grainews.caTom Polansek, GFM Network News30 Mar 2023Setelah 80 peristiwa cuaca bullish sebelumnya, Sapi Hidup bergerak median +0,1% selama 5 sesi (54% lebih tinggi; separuh tengah -0,8% sampai +1,3%), dan +0,7% selama 20 sesi.
Setelah 79 peristiwa cuaca bullish sebelumnya, Sapi Bakalan bergerak median +0,1% selama 5 sesi (53% lebih tinggi; separuh tengah -1,4% sampai +1,7%), dan +1,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
On the move date, CME live cattle hit a contract high as cash trade jumped $5 on tight fed cattle supply, and feeder cattle rose in sympathy, which directly supports the sharp one-day feeder rally.
Live cattle hit a contract high on jumping cash trade and tight fed supplies, which pulled feeder futures higher through derived demand.
