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Derrell Peel of Oklahoma State University reports that heavy feeder cattle have gained value relative to lighter feeders through July and August. The August Cattle on Feed report showed on-feed inventory of 10.165 million head, 101.6 percent of last year, with placements at 101.6 percent.
Feedlots are favoring heavier feeders to turn over pens faster.
Feedlot preference for heavier cattle and discounts on deferred futures shape feeder demand and the price spread between weight classes, which affects cow-calf and stocker returns.
u.osu.eduSmith at2016年8月24日在过去 44 次中性的报告事件之后，架子牛 在 5 个交易日内中位数变动 +0.3%（59% 上涨；中间一半区间为 -0.9% 至 +1.0%），20 个交易日内为 +0.5%。
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。
