
An analysis of USDA's cattle inventory report argues the feeder cattle shortage is overstated. Estimated feeder supply outside feedlots was 26.1 million head, down 607,000 from a year earlier.
The calf crop rose only 2 percent against a 3.5 percent cowherd increase.
If feeder supplies are larger than the shortage narrative suggests, calf and feeder prices could face less upward pressure. Buyers may see more supply than the market expects.
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.