
Agriculture Secretary Brooke Rollins said the administration will announce a plan next month to expand U.S. beef production, focused on opening more working lands. She ruled out payments to producers to retain heifers and cattle from slaughter.
Cattle and beef prices have soared due to historically low herd numbers and the closed Mexican border.
A plan to expand production would add supply over time, which is bearish for future cattle prices, and ruling out heifer-retention payments removes a short-term bullish supply tightening measure.
Setelah 30 peristiwa kebijakan bearish sebelumnya, Sapi Hidup bergerak median -0,8% selama 5 sesi (43% lebih tinggi; separuh tengah -2,0% sampai +1,1%), dan +0,9% selama 20 sesi.
Setelah 24 peristiwa kebijakan bearish sebelumnya, Sapi Bakalan bergerak median +0,3% selama 5 sesi (54% lebih tinggi; separuh tengah -3,3% sampai +1,2%), 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.