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CattleFax analysts reported record March beef exports, up 32.9 million pounds year over year, driven mainly by China. Slaughter capacity remains constrained by COVID-19 distancing, absenteeism and worker shortages, and the leverage ratio sits well below the five-year average.
Strong exports and capacity limits keep packer leverage high and feeders' returns weak, so fed cattle prices are expected to stay supported. Reduced Australian slaughter also boosts US beef demand in Japan.
在过去 78 次看涨的贸易事件之后,活牛 在 5 个交易日内中位数变动 +0.1%(51% 上涨;中间一半区间为 -1.1% 至 +1.2%),20 个交易日内为 +0.5%。
在过去 87 次看跌的贸易事件之后,架子牛 在 5 个交易日内中位数变动 +0.4%(54% 上涨;中间一半区间为 -3.2% 至 +1.9%),20 个交易日内为 +1.1%。
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。