
Jerry Klassen notes live cattle futures near record highs and November feeders near $220/cwt, about $20 below the October 2014 record. Corn is near $6.27/bu nearby, and USDA projects 91.0 million acres of US corn planting for 2023.
Expected average yields in US corn and Canadian barley could support feeder upside of $25-30/cwt by fall as coarse grain supplies look burdensome. Strong basis and high corn prices weigh on feeding margins.
在过去 1,102 次看跌的报告事件之后,玉米 在 5 个交易日内中位数变动 -0.2%(47% 上涨;中间一半区间为 -1.8% 至 +1.3%),20 个交易日内为 +0.0%。
历史可比事件尚不足,暂无法给出历史解读。
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。
Published on the move date, it describes live cattle near record highs and strong feeder futures, which signals bullish sentiment, though the corn-driven outlook is more background than a catalyst.