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FarmWeek reports that coronavirus-driven closures and cancellations clouded the March USDA Cattle on Feed report. Analyst Rich Nelson said wholesale beef rebounded over $40 as consumers stockpiled, but that gain had not carried into cash cattle.
He expects tight fourth-quarter supply.
A wholesale beef rebound that does not reach cash cattle creates a margin squeeze for packers and uncertainty for feeders. Tighter supply later in the year could support fed cattle prices.
farmweeknow.comDANIEL GRANT FarmWeek20 Mar 202078 geçmiş nötr rapor olayları olayından sonra, Canlı sığır 5 seansta medyan +%0,2 hareket etti (%54 daha yüksek; orta yarı %-1,0 ile +%1,0 arası) ve 20 seansta +%0,7.
44 geçmiş nötr rapor olayları olayından sonra, Besilik sığır 5 seansta medyan +%0,3 hareket etti (%59 daha yüksek; orta yarı %-0,9 ile +%1,0 arası) ve 20 seansta +%0,5.
Her emtianın referansının olaydan önceki son kapanışa göre hareketi. Geçmiş okumalar aynı türdeki geçmiş olayları birleştirir; neyin olduğunu anlatır, neyin olacağını değil. Yatırım tavsiyesi değildir.
Wholesale beef rebounded over $40 on stockpiling and the Cattle on Feed report came in with some support, underpinning futures gains despite confusion.
Wholesale beef rebounded over $40 on consumer stockpiling and the Cattle on Feed report with tight Q4 supply expectations supported futures.
Wholesale beef rebounded over $40 on consumer stockpiling and the Cattle on Feed report was seen as supportive with tight Q4 supply, which underpinned futures buying.
