Laden…
US cattle futures fell by their daily limits for a second session as recession fears grew during the coronavirus pandemic. April live cattle closed at 92.825 cents per pound and feeder cattle contracts hit limit-down levels.
The choice boxed beef cutout dropped $20.93 to $232.64 per cwt.
Falling boxed beef and weaker packer demand are pushing cash cattle lower, reducing feeder cattle values and signaling weaker demand for feed.
thecattlesite.comGlobal Ag Media2 apr 2020Na 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.
Na 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.
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.
Live cattle futures fell limit-down for a second session on April 2 amid recession fears and a sharp drop in the boxed beef cutout, which is the core of the 5-day decline.
Second consecutive limit-down session on recession fears and a $20.93 fall in the boxed beef cutout explain the sharp futures slide.
Second consecutive limit-down session on recession fears and a falling boxed beef cutout reflects sentiment-driven selling that preceded the April 6 decline.
