Laden…
USDA's April cattle-on-feed report showed 4.2 million heifers and heifer calves on feed, up 14% from a year earlier and about 36% of total feedlot inventory. Total cattle on feed was 11.7 million head, the second-highest April 1 figure on record.
USDA analyst Shayle Shagam expects feeder prices, now about $145 per hundredweight, to fall into the high $130s in the third quarter.
Heavy feedlot placements and heifer retention point to more fed beef supply and lower feeder prices, which weighs on cattle futures in the coming months.
brownfieldagnews.com23 apr 2018Na 144 eerdere neerwaarts rapport-gebeurtenissen bewoog Slachtvee (levend) zich mediaan -0,1% over 5 sessies (49% hoger; middelste helft -1,1% tot +0,9%), en +0,5% over 20.
Na 126 eerdere neerwaarts rapport-gebeurtenissen bewoog Mestvee (feeder) zich mediaan +0,1% over 5 sessies (52% hoger; middelste helft -1,3% tot +2,0%), en +0,6% 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.
Cattle-on-feed report showed record-high heifer placements and the second-highest April inventory, signaling heavy summer beef supplies and bearish futures sentiment.
The cattle-on-feed report showed record-high heifer placements and large inventories, which implies heavy supply and weaker prices ahead.
