
Cattle on Feed supplies were steady with inventory close to last year, placements down about 2%, and marketings up about 2%. Cash cattle prices moved higher because strong packer margins let packers bid for the available fed cattle.
Higher packer margins support cash cattle prices despite ample fed supplies. Record retail beef prices could push consumers toward chicken and pork over time, which would limit cattle demand.
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.