Cattle On Feed Didn’t Give Cattle The Boost They Need April 21, 2023
Friday's monthly Cattle on Feed would be seen as moderately negative. USDA counted only -0.6% fewer March cattle placements than last year. The trade expected -5.2% from last year (ALDL -3.6%). We still have seven months in a row of placement declines. Cattle finished out in September - December will still be lower than last year, simply not as low as previously expected. We have seven months that averaged -4.7% from the prior year.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
Possible light fund short covering yesterday
December 6, 2023
-
Funds sellers of 21K, slightly higher support due to exports
December 4, 2023
-
SA maps still look solid for rains in the 10 day
December 1, 2023
-
Trade expects strong exports and more 8 AM announcements
November 30, 2023
-
Open interest continues to fall drastically
November 29, 2023
Market Movers
December 6, 2023
December 4, 2023
December 1, 2023
November 30, 2023
November 29, 2023
Snapshots
Snapshots