
FarmWeek reports that coronavirus-driven closures and cancellations clouded the March USDA Cattle on Feed report. Analyst Rich Nelson said wholesale beef rebounded over $40 as consumers stockpiled, but that gain had not carried into cash cattle.
He expects tight fourth-quarter supply.
A wholesale beef rebound that does not reach cash cattle creates a margin squeeze for packers and uncertainty for feeders. Tighter supply later in the year could support fed cattle prices.
在过去 78 次中性的报告事件之后,活牛 在 5 个交易日内中位数变动 +0.2%(54% 上涨;中间一半区间为 -1.0% 至 +1.0%),20 个交易日内为 +0.7%。
在过去 44 次中性的报告事件之后,架子牛 在 5 个交易日内中位数变动 +0.3%(59% 上涨;中间一半区间为 -0.9% 至 +1.0%),20 个交易日内为 +0.5%。
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。
Wholesale beef rebounded over $40 on stockpiling and the Cattle on Feed report came in with some support, underpinning futures gains despite confusion.
Wholesale beef rebounded over $40 on consumer stockpiling and the Cattle on Feed report with tight Q4 supply expectations supported futures.
Wholesale beef rebounded over $40 on consumer stockpiling and the Cattle on Feed report was seen as supportive with tight Q4 supply, which underpinned futures buying.