An Extension economist notes feeder cattle futures have dropped roughly $10/cwt since mid-February as corn jumped about a dollar per bushel. The May 2022 corn contract closed near $7.50/bu, and the December contract is up about $0.40 since mid-February.
Concern centers on corn stocks and production in Ukraine, which supplies a significant share of exports.
Corn is the main feed input for fed cattle, so a sustained rally squeezes feedlot margins and weighs on feeder cattle values. Ukrainian export losses keep corn supported.
在过去 323 次看涨的地缘政治事件之后,玉米 在 5 个交易日内中位数变动 +0.5%(57% 上涨;中间一半区间为 -1.5% 至 +2.9%),20 个交易日内为 +0.9%。
在过去 10 次看跌的地缘政治事件之后,架子牛 在 5 个交易日内中位数变动 +0.1%(60% 上涨;中间一半区间为 -1.9% 至 +2.8%),20 个交易日内为 +0.7%。
在过去 14 次地缘政治事件之后,活牛 在 5 个交易日内中位数变动 -0.5%(21% 上涨;中间一半区间为 -1.3% 至 -0.0%),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。