CME cattle futures fell on May 1, 2024 after reports that USDA was testing retail ground beef for H5N1 bird flu, which investors feared would hurt consumer demand. June live cattle closed about 1.1 cents lower and August feeders fell 3.75 cents, both to multi-week lows.
Lean hogs and boxed beef also declined.
Fear of H5N1 contamination in beef can cut retail and wholesale demand and pull futures lower even without confirmed positives. Feeder and live cattle prices fall with it, which affects feed buyers' cattle-feeding margins.
과거 하락 질병 이벤트 70건 이후, 생우은 5거래일 동안 중앙값 +0.0% 변동(상승 51%; 중간 50% 범위 -1.7%~+1.0%), 20거래일 동안 +0.4%.
과거 하락 질병 이벤트 46건 이후, 비육용 소은 5거래일 동안 중앙값 +0.3% 변동(상승 54%; 중간 50% 범위 -2.3%~+1.6%), 20거래일 동안 +1.8%.
과거 하락 질병 이벤트 117건 이후, 돈육 (Lean Hogs)은 5거래일 동안 중앙값 -0.6% 변동(상승 36%; 중간 50% 범위 -2.2%~+1.6%), 20거래일 동안 +1.2%.
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.
On May 1, reports that USDA was testing retail ground beef for H5N1 sparked fears of weaker consumer demand, sending June live cattle to multi-week lows, which matches the timing and direction of the move.
USDA ground beef H5N1 testing news hit cattle futures on May 1, a day after the move, but it reflects the same demand-fear sentiment already weighing on the market.