
University of Kentucky agricultural economist Kenny Burdine said COVID-19 demand shocks hit cattle close to harvest hardest, with fed cattle prices falling sharply. CME March feeder cattle futures had dropped nearly $25 per hundredweight from early March through March 16.
Kentucky heavy feeders had held up better, supported by good pasture conditions.
Lower fed and feeder cattle values reduce the cost of finishing rations for feeders and signal weaker near-term cattle demand for feed. Pasture conditions limit supply impact in the short run.
過去の弱気な疾病イベント70件の後、生牛 は5営業日で中央値 +0.0% 動き(51% が上昇。中央50%は -1.7% から +1.0%)、20営業日では +0.4% 動きました。
過去の弱気な疾病イベント46件の後、フィーダー牛 は5営業日で中央値 +0.3% 動き(54% が上昇。中央50%は -2.3% から +1.6%)、20営業日では +1.8% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Notes March feeder futures fell nearly $25/cwt through March 16 on COVID-19 demand shocks, giving context for the continued selloff on the move date.
Notes March feeder futures down nearly $25/cwt from early March through March 16, corroborating the magnitude, though it extends beyond the window.