CME live cattle futures closed lower ahead of the Independence Day holiday on weaker boxed beef and cash trade. USDA reported an unexpected spike in weekly beef export sales, though the agency said some deals may have occurred months earlier and traders questioned the data.
Packer losses were estimated at about $295 per head.
The export sales report is a data surprise that may not reflect real demand, and deep packer losses point to likely reduced slaughter, which could weaken near-term cattle demand for feed.
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.
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.
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.
Futures closed lower on weaker boxed beef and cash trade with packer losses of about $295 per head; the export sales spike was doubted and did not support prices.
Futures closed lower on weaker boxed beef and cash trade with heavy packer losses; the questionable export spike did not support prices.