{"id":150629,"date":"2019-07-01T10:45:48","date_gmt":"2019-07-01T14:45:48","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=150629"},"modified":"2019-07-01T07:20:03","modified_gmt":"2019-07-01T11:20:03","slug":"cattle-analysis-getting-ready-for-the-publication-of-the-usda-report","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/cattle-analysis-getting-ready-for-the-publication-of-the-usda-report\/","title":{"rendered":"CATTLE Analysis: Getting ready for the publication of the USDA report"},"content":{"rendered":"
July 1, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Getting ready for the publication of the USDA report<\/strong><\/p>\n

U.S. The Department of Agriculture (USDA) reported that by the end of May this year, frozen beef stocks in the United States were 13% lower than the same period in 2018. Will the Fcattle quotations <\/a> increase?<\/p><\/blockquote>\n

According to the USDA, the daily slaughter of cattle (cattle) in the United States last week amounted to 122 thousand heads, which is almost 2% more than last year. We also note that by June 1 of this year, the number of cattle in the US feedlots reached a historical maximum of 11.7 million heads, which was 2% on June 1, 2018. Meanwhile, in May, deliveries of cows to feedlots decreased by 3% from last year\u2019s level. If this trend of reduction has lasted in June, then the livestock as of July 1 may decrease. This is able to push quotes up. June data will be published on July 19.<\/p>\n

\"Fcattle\"<\/p>\n

On the daily timeframe Fcattle: D1<\/b> broke up the downtrend resistance line. Various technical analysis indicators have generated uptrend signals. Further growth of quotations is possible in case of reduction in the number of cattle at feedlots in the USA.<\/p>\n