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USDA's Economic Research Service raised its 2019 beef production estimate on a faster pace of slaughter, though packers' fed cattle capacity fell 5% to 6% since August. The 2020 beef production forecast was cut by 120 million pounds to 27.6 billion pounds.
Feeder steer prices recovered more than $13 from their September low.
A lower 2020 beef output forecast and rising feeder cattle prices signal tighter supply ahead. Fewer placements in late 2019 are expected to reduce marketings in early 2020.
agproud.comRussell Knight2019年12月24日在过去 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 227 次看涨的报告事件之后，架子牛 在 5 个交易日内中位数变动 +0.4%（57% 上涨；中间一半区间为 -1.2% 至 +1.5%），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。
