
USDA Economic Research Service economists report that feedlots have kept large numbers of cattle on feed as drought-reduced forage pushes calves into lots faster than normal. Packers have processed cattle at a pace above the past two years, with the largest fed slaughter of the year in the week ending August 27.
Beef production for fourth-quarter 2022 was raised by 40 million pounds.
Faster marketings and higher slaughter pull supply forward, and the outlook for larger 2023 beef output points to softer cattle prices ahead. Feeder demand may tighten as drought drives early placements.
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.