
FarmWeek reports that coronavirus-driven closures and cancellations clouded the March USDA Cattle on Feed report. Analyst Rich Nelson said wholesale beef rebounded over $40 as consumers stockpiled, but that gain had not carried into cash cattle.
He expects tight fourth-quarter supply.
A wholesale beef rebound that does not reach cash cattle creates a margin squeeze for packers and uncertainty for feeders. Tighter supply later in the year could support fed cattle prices.
過去の中立なレポートイベント78件の後、生牛 は5営業日で中央値 +0.2% 動き(54% が上昇。中央50%は -1.0% から +1.0%)、20営業日では +0.7% 動きました。
過去の中立なレポートイベント44件の後、フィーダー牛 は5営業日で中央値 +0.3% 動き(59% が上昇。中央50%は -0.9% から +1.0%)、20営業日では +0.5% 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。
Wholesale beef rebounded over $40 on stockpiling and the Cattle on Feed report came in with some support, underpinning futures gains despite confusion.
Wholesale beef rebounded over $40 on consumer stockpiling and the Cattle on Feed report with tight Q4 supply expectations supported futures.
Wholesale beef rebounded over $40 on consumer stockpiling and the Cattle on Feed report was seen as supportive with tight Q4 supply, which underpinned futures buying.