USDA's Agricultural Outlook for Livestock and Poultry projects continued cattle herd contraction in 2025, with the national herd ending 2024 at 86.7 million head and the beef cow herd at its lowest since 1961. The report also says poultry, especially egg producers, continue to struggle with bird flu.
It expects lower feed prices to continue the trend that began in 2023.
Herd contraction supports cattle prices, while falling feed costs ease margins for livestock feeders. Lower expected feed prices point to weaker demand for feed grains like corn.
在过去 268 次看涨的报告事件之后,活牛 在 5 个交易日内中位数变动 +0.3%(58% 上涨;中间一半区间为 -0.7% 至 +1.4%),20 个交易日内为 +1.7%。
在过去 1,102 次看跌的报告事件之后,玉米 在 5 个交易日内中位数变动 -0.2%(47% 上涨;中间一半区间为 -1.8% 至 +1.3%),20 个交易日内为 +0.0%。
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。