Laden…
Analysts expected October 20 Cattle on Feed placements to rise modestly, but they jumped over 13.5 percent. Despite that shock, live cattle futures gained several dollars, with triple-digit gains on Tuesday and fund buying in 2018 contracts.
Cash fed cattle trade was slow but expected to firm, with asking prices at $116 live.
Larger placements add future supply, but strong fund demand and expected higher cash trade pushed futures up, supporting feeder and fed cattle prices and feed demand from feedlots.
wlj.netKerry Halladay, WLJ Managing Editor1 nov 2017Na 268 eerdere opwaarts rapport-gebeurtenissen bewoog Slachtvee (levend) zich mediaan +0,3% over 5 sessies (58% hoger; middelste helft -0,7% tot +1,4%), en +1,7% over 20.
Na 227 eerdere opwaarts rapport-gebeurtenissen bewoog Mestvee (feeder) zich mediaan +0,4% over 5 sessies (57% hoger; middelste helft -1,2% tot +1,5%), en +1,1% 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.
Nov 1 futures gained several dollars with fund buying in 2018 contracts despite bearish placements data, showing strong demand-driven sentiment.
