
Fed cattle prices fell under pressure in recent weeks after a July cutout decline, the reopening of the Mexican border to feeder cattle, fund liquidation, Tyson plant closure in Illinois, and a plan to relax tariffs on imported ground beef for 90 days. The weekly average fed price was $225/cwt, 14% below the early summer high, while packer margins exceeded $100/cwt.
Wide packer margins shift leverage to processors, keeping fed cattle prices under pressure, while reduced plant capacity and imports weigh on the complex.
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 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.
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.
Summarizes the bearish drivers: Mexican border reopening, fund liquidation, plant closure and tariff relaxation on imported beef, which hit fed and feeder prices.