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USDA economists say drought is still delaying cattle placements into feedlots and increasing beef cow culling, a trend expected to continue into early 2023. The September feedlot inventory was 11.279 million head, the second-largest for the month on record.
USDA raised its Q4 2022 beef production forecast by 105 million pounds because of faster culling.
Heavier culling and larger projected beef output add supply, which pressures cattle prices. Drought also shifts placement timing, adding uncertainty to feeder cattle supplies.
agproud.comHannah Brooks, Russell Knight2022年10月31日在过去 18 次看跌的天气事件之后，活牛 在 5 个交易日内中位数变动 +0.1%（56% 上涨；中间一半区间为 -0.7% 至 +0.9%），20 个交易日内为 -0.1%。
在过去 21 次中性的天气事件之后，架子牛 在 5 个交易日内中位数变动 +1.7%（67% 上涨；中间一半区间为 -0.1% 至 +2.3%），20 个交易日内为 -0.2%。
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。
