
CME live and feeder cattle futures ended higher on Friday November 17, 2023 after the USDA reported October cattle placements up 3.8% year over year, below analyst expectations of 4.9%. Cattle on feed on November 1 was 11.9 million head, up 1.7%, close to expectations, and October marketings fell 2.5%.
December live cattle closed at 175.750 cents per pound.
Placements below expectations reduce near-term feedlot supply and support cattle futures, while larger supplies over 700 pounds point to well-supplied markets early next year. Lower marketings suggest tighter supplies later in the spring.
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。