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An Ohio State BEEF Cattle Letter column reviews three issues for cattle feeders: feed costs, drought, and feedlot inventory. It cites nearby corn at $6.48/bu and December corn at $5.37/bu, with 67% of the corn crop planted.
It also notes that 44% of national pasture was in poor or very poor condition and that drought is not improving.
Higher corn prices raise the cost of feeding cattle, which weighs on feeder cattle demand. Drought-reduced pasture could also push more cattle into feedlots, adding to fed cattle supply pressure.
u.osu.eduSmith at2021年5月19日在过去 1,465 次看涨的天气事件之后，玉米 在 5 个交易日内中位数变动 +0.2%（54% 上涨；中间一半区间为 -1.4% 至 +1.9%），20 个交易日内为 +0.9%。
在过去 29 次看跌的天气事件之后，架子牛 在 5 个交易日内中位数变动 +0.5%（62% 上涨；中间一半区间为 -0.5% 至 +2.6%），20 个交易日内为 +2.4%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
