
USDA's July Cattle Inventory and Cattle on Feed reports showed total cattle and calves at 94.2 million head, up 200,000 from a year earlier and the first July increase since 2018. Beef cow inventory fell 0.7%, a sign of heifer retention.
The Choice boxed beef cutout has dropped nearly $40 per cwt since June, about 10%.
Early herd rebuilding signals reduced near-term slaughter supply, which supports cattle prices longer term. The weaker beef cutout raises questions about softening consumer demand, which could limit feedlot profitability and feed demand.
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.