
Oklahoma State extension economist Derrell Peel reported that April 1 feedlot inventories were about 11.7 million head, up about 7.5% year over year. Steers on feed were up 4.1% and heifer inventories were up 14% as drought pushed cattle into feedlots early.
Drought and hay shortages in the Southwest are adding to pressure on producers.
Larger feedlot inventories set up seasonal peak marketings in May and June, which typically pressures live and feeder cattle prices. Drought-driven placements have increased near-term beef supply.
Setelah 144 peristiwa laporan bearish sebelumnya, Sapi Hidup bergerak median -0,1% selama 5 sesi (49% lebih tinggi; separuh tengah -1,1% sampai +0,9%), dan +0,5% selama 20 sesi.
Setelah 126 peristiwa laporan bearish sebelumnya, Sapi Bakalan bergerak median +0,1% selama 5 sesi (52% lebih tinggi; separuh tengah -1,3% sampai +2,0%), dan +0,6% 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.