Laden…
Feeder cattle futures spreads across all months have recovered to near pre-COVID levels as quarantine restrictions and packing plant capacity issues have largely been resolved. Pasture conditions have deteriorated, with the share rated poor or very poor rising since late May and running well worse than the five-year average, driven by drought spreading from the Southwest into the Great Plains.
The author notes producers may need to market weaned calves earlier or winter them.
Deteriorating pasture forces earlier calf sales and adds supply to feeder markets, which could pressure prices, while cheaper corn would support feedlot margins. Producers can use futures spreads to lock in margins.
u.osu.eduSmith at29 jul 2020Na 21 eerdere neutraal weer-gebeurtenissen bewoog Mestvee (feeder) zich mediaan +1,7% over 5 sessies (67% hoger; middelste helft -0,1% tot +2,3%), en -0,2% over 20.
Na 20 eerdere neutraal weer-gebeurtenissen bewoog Slachtvee (levend) zich mediaan +0,4% over 5 sessies (60% hoger; middelste helft -0,3% tot +1,2%), en +3,0% 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.
