
The USDA Cattle on Feed report showed 11.6 million head on feed on May 1, 2018, up 5% from a year earlier. April placements were 1.70 million head, 8% below 2017, and marketings were 1.80 million head, 6% above 2017.
All numbers came in line with analyst expectations.
Feed supplies remain large, which weighs on fed cattle prices, while lower placements point to a tightening feeder supply. Because results matched expectations, the report is unlikely to move prices on its own.
Setelah 78 peristiwa laporan netral sebelumnya, Sapi Hidup bergerak median +0,2% selama 5 sesi (54% lebih tinggi; separuh tengah -1,0% sampai +1,0%), dan +0,7% selama 20 sesi.
Setelah 44 peristiwa laporan netral sebelumnya, Sapi Bakalan bergerak median +0,3% selama 5 sesi (59% lebih tinggi; separuh tengah -0,9% sampai +1,0%), dan +0,5% 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.
The Cattle on Feed details (placements 8% below last year) were in line with expectations, but they confirmed lower placements and supported the short-covering rally.