
Feeder steers and heifers traded mostly $5-$10 lower through the week after futures weakened sharply on Thursday. The USDA Cattle on Feed report showed April 1 inventory up 0.5% year over year at 10.85 million head, with placements lighter than expected and marketings higher.
Cold storage beef stocks were down from last year and slightly below the five-year average.
Lighter placements and higher marketings tighten the feeder supply outlook, but weak fed cattle futures and poor feedlot profit prospects keep feeder demand subdued. The mixed report leaves the bearish price trend largely intact.
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.
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.
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.