Laden…
CME live cattle futures fell to their lowest level in more than five weeks on Tuesday, with the June contract down 1.975 cents at 162.90 cents per pound. Economic worries after the First Republic Bank failure and debt ceiling uncertainty pressured the complex, and cash trade and boxed beef also softened.
Lower cash cattle prices and weaker boxed beef values reduce feeder cattle and feed-yard margins, which can slow restocking and weigh on feeder demand. Macro-driven selling may overshoot the tight-supply fundamentals.
thebeefsite.comMelanie Epp3 mei 2023
thecattlesite.comMelanie Epp3 mei 2023Na 27 eerdere neerwaarts macro-gebeurtenissen bewoog Mestvee (feeder) zich mediaan -0,9% over 5 sessies (37% hoger; middelste helft -3,7% tot +0,4%), en 0,0% over 20.
Na 37 eerdere neerwaarts macro-gebeurtenissen bewoog Slachtvee (levend) zich mediaan -1,1% over 5 sessies (30% hoger; middelste helft -4,3% tot +0,4%), en -0,4% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
June live cattle fell to a five-week low on May 2 as banking-sector stress and debt ceiling worries hit sentiment and cash trade and boxed beef softened, directly describing the decline.
Live cattle futures fell to a five-week low on May 2 as bank-failure and debt-ceiling worries combined with softer cash trade and boxed beef, directly explaining the sharp drop.
Futures fell to a five-week low on banking worries and softer cash and boxed beef, showing sentiment-driven selling that extended the decline.
