Cattle futures weakened over the week after the Cattle on Feed report showed unexpectedly large March feedlot placements. Live cattle futures closed lower on sagging wholesale beef values and concerns that high retail beef prices are weighing on demand.
Negotiated cash fed cattle prices held steady to higher ahead of a summer supply increase.
Larger-than-expected placements add to future fed cattle supply, pressuring futures, while firm cash prices reflect tight near-term supplies. Feed demand from feedlots depends on how placements and cash prices evolve into summer.
在过去 144 次看跌的报告事件之后,活牛 在 5 个交易日内中位数变动 -0.1%(49% 上涨;中间一半区间为 -1.1% 至 +0.9%),20 个交易日内为 +0.5%。
在过去 126 次看跌的报告事件之后,架子牛 在 5 个交易日内中位数变动 +0.1%(52% 上涨;中间一半区间为 -1.3% 至 +2.0%),20 个交易日内为 +0.6%。
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。
Larger-than-expected feedlot placements in Cattle on Feed, weaker wholesale beef values and retail-price demand worries are bearish for futures during the window.
Dated May 2, it reports live cattle futures closing lower on weak wholesale beef values and demand concerns from high retail prices, plus large Cattle on Feed placements, which weigh on sentiment and demand.
Futures weakened on large placements in the On Feed report, sagging wholesale beef values and retail-price demand concerns, which are bearish sentiment drivers.
Futures weakened after unexpectedly large placements, with sagging wholesale beef and retail price demand worries adding bearish sentiment.