The rally in cattle prices has further to run, driven by recovering demand for beef at a time of constrained supplies, Commerzbank has said, even as many gave US herd data a lukewarm welcome.
Official statistics on Friday showed the decline in American cattle dynamics declining slower than many analysts had expected, with the number of placements of cattle in feedlots falling by 2%, compared with a forecast 5% drop.
"The Cattle on Feed report was slightly bearish," US Commodities said, a comment echoed by many other brokers.
Live cattle prices, which closed the last session at their highest since November 2008, finished down 0.8% at 92.05 cents a pound in Chicago on Monday, for February delivery. March feeder cattle dropped 0.8% from a six-month top to 101.825 cents a pound.
Official statistics on Friday showed the decline in American cattle dynamics declining slower than many analysts had expected, with the number of placements of cattle in feedlots falling by 2%, compared with a forecast 5% drop.
"The Cattle on Feed report was slightly bearish," US Commodities said, a comment echoed by many other brokers.
Exclusiv - beneficiati acum de Oferta Speciala de mai jos:
Pasii catre o afacere de succes Berea Artizanala
Stiati ca romanii sunt printre cei mai mari consumatori de bere la nivel mondial Cu cei 85 de litri cap de locuitor an ne situam pe un „onorabil” loc 8 in Europa si pe locul 12 in clasamentul mondial liderii fiind cehii 142 de litri urmati de austrieci 105 litri si de nemti 104 litri Piata autohtona a berii...
Oferta Speciala
valabila 48h
valabila 48h
Live cattle prices, which closed the last session at their highest since November 2008, finished down 0.8% at 92.05 cents a pound in Chicago on Monday, for February delivery. March feeder cattle dropped 0.8% from a six-month top to 101.825 cents a pound.
Autor: AgroRomania.ro
Votati articolul
Nota: 5 din 1 voturi
Urmareste-ne pe Google News
RSS Flux RSS 2.0
Sitemap XML
