Saturday, September 23, 2017

U.S. cattle placements spike in August, portending more beef in 2018

CHICAGO, Sept 22 (Reuters) - Ranchers put one.93 million cattle in U.S. feedlots in August, the U.S. Section of Agriculture mentioned on Friday, in a more robust-than-anticipated report possible to weigh on futures early up coming 7 days. Cattle placements rose about three % from August in 2016, USDA mentioned. Analysts polled by Reuters had predicted a decrease of almost three %. The placements were being the most significant for August considering that 2012 and the most significant in general considering that May well of this year, when 2.119 million cattle moved into feedlots, in accordance to USDA facts. "It suggests you can find more beef forward of us," mentioned Linn Group analyst John Ginzel, who had predicted a placement spike of 104.three % when most other analysts expected a decrease. Cattle put on feed in August ought to access slaughter weight in the very first quarter of 2017. "It's a damaging report ... and most damaging for the February and April time slots," mentioned U.S. Commodities analyst Don Roose...more

UPDATE 

Here is a clearer, more complete article:

Surprisingly Bearish Cattle on Feed Report  
By Rich Nelson

1 comment:

dom said...

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