
USDA's July Cattle on Feed report showed July 1 on-feed inventory at about 11.2 million head, roughly 0.5% above 2023. June placements fell nearly 7% year over year, and first-half 2024 placements were down 3.2%.
Lower feeder cattle placements point to tighter feeder supplies ahead, supporting feeder cattle prices and reinforcing the case for firm cattle values.
Setelah 227 peristiwa laporan bullish sebelumnya, Sapi Bakalan bergerak median +0,4% selama 5 sesi (57% lebih tinggi; separuh tengah -1,2% sampai +1,5%), dan +1,1% selama 20 sesi.
Setelah 268 peristiwa laporan bullish sebelumnya, Sapi Hidup bergerak median +0,3% selama 5 sesi (58% lebih tinggi; separuh tengah -0,7% sampai +1,4%), dan +1,7% 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 July Cattle on Feed report showed on-feed inventory above last year, which could weigh on sentiment even though placements were lower, supporting a pullback from record-high prices.