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Feeder cattle futures fell an average of $4.08 last week as a heavy calf run ahead of Thanksgiving pressured calf and feeder prices. The USDA Cattle on Feed report showed October feedlot placements up 10.19% from last year at 2.48 million head, though 2% below expectations.
Negotiated fed cattle traded $1 higher at $116/cwt live.
Heavy placements add expected cattle supply for the first half of next year, which weighs on feeder prices and feed demand outlook. Firm fed cash prices support finished-cattle values even as feeder prices soften.
cattlecurrent.comWLI2019年11月22日在过去 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%。
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%。
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。
