
Feeder cattle futures gapped lower and quickly hit limit-down after reports that Mexico's agriculture minister would discuss reopening the US border to Mexican feeder cattle. Grains were slightly lower on profit taking as China talks were called off.
Reopening the border would add large Mexican feeder supply, the most bearish factor for cattle prices, while the cancelled China talks weigh on grain demand expectations.
Setelah 87 peristiwa perdagangan bearish sebelumnya, Sapi Bakalan bergerak median +0,4% selama 5 sesi (54% lebih tinggi; separuh tengah -3,2% sampai +1,9%), dan +1,1% selama 20 sesi.
Setelah 121 peristiwa perdagangan bearish sebelumnya, Sapi Hidup bergerak median -0,6% selama 5 sesi (40% lebih tinggi; separuh tengah -1,6% sampai +0,8%), dan -0,3% selama 20 sesi.
Setelah 683 peristiwa perdagangan bearish sebelumnya, Jagung bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -1,7% sampai +1,6%), dan +0,3% selama 20 sesi.
Setelah 803 peristiwa perdagangan bearish sebelumnya, Kedelai bergerak median +0,0% selama 5 sesi (51% lebih tinggi; separuh tengah -1,7% sampai +1,7%), dan +0,9% 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.
On Oct 24 feeder futures gapped to limit-down on reports Mexico would discuss reopening the border to feeder cattle, which would add supply and directly drove the weekly decline.
Feeder cattle gapped to limit-down on Oct 24 after reports of border reopening talks, adding supply-expectation pressure that spilled into live cattle.
Reports that Mexico's border might reopen to feeder cattle raised supply fears and sent futures limit-down on Oct 24.