
USDA's October 1 Cattle on Feed report, released Friday October 20, showed 11.58 million head on feed, higher than expected. December live cattle fell $6.27 to a four-month low of $178.35 on Monday as speculators exited positions.
Higher-than-expected feedlot numbers signal larger near-term beef supply, pressuring live cattle and feeder cattle prices and reducing demand for cattle-feed inputs in the short run.
과거 하락 보고서 이벤트 144건 이후, 생우은 5거래일 동안 중앙값 -0.1% 변동(상승 49%; 중간 50% 범위 -1.1%~+0.9%), 20거래일 동안 +0.5%.
과거 하락 보고서 이벤트 126건 이후, 비육용 소은 5거래일 동안 중앙값 +0.1% 변동(상승 52%; 중간 50% 범위 -1.3%~+2.0%), 20거래일 동안 +0.6%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
The bearish USDA Cattle on Feed report of Oct 20 showed higher-than-expected feedlot inventories, triggering speculative liquidation and a sharp drop in live cattle futures.
The On Feed report showed higher-than-expected cattle on feed, and December live cattle fell to a four-month low on Oct 23 as speculators liquidated, which is the supply and sentiment driver of the move.