The number of cattle in the US feedlots increased
The USDA report notes that the number of cattle placed in feedlots during July 2020 increased by 11% compared to July 2019 and reached 1.89 million. At the same time, the total livestock, which on August 1, 2020, was in feedlots, increased by 1% compared to last year and amounted to 11.3 million heads. This is the highest amount since the USDA started publishing statistics in 1996. It can be assumed that the American beef supply has practically recovered after the quarantine due to the coronavirus. At the same time, according to the USDA, since the beginning of 2020, the cattle slaughter is 1.06 million less than last year as of the current date. In theory, this may indicate that demand has not fully recovered yet.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Sell | |
| MACD | Sell | |
| MA(200) | Neutral | |
| Fractals | Sell | |
| Parabolic SAR | Sell | |
| Bollinger Bands | Neutral |
Summary of technical analysis
| Order | Sell |
| Buy stop | Below 142 |
| Stop loss | Above 149 |
Market Analysis provided by IFCMarkets.com
- EUR/USD: Busy Week Ahead Aug 3, 2026
- Positive sentiment in the AI sector supported stock indices. Oil prices remain volatile Aug 3, 2026
- The Tech‑heavy NASDAQ Index jumped by more than 3.3%. The offshore yuan is trading at its highest level since 2023 Jul 31, 2026
- USD/JPY After Volatility: Multiple Events in One Day Jul 31, 2026
- The US indices sell off amid renewed US-Iran clashes. Oil jumps by 7% Jul 30, 2026
- USD/JPY Temporary in Equilibrium: Multiple Factors in Focus Jul 30, 2026
- GBP/USD at Month’s Lows: The Outlook Remains Weak Jul 29, 2026
- Crude oil falls below $80 per barrel. Australia sees inflation slowdown Jul 29, 2026
- The US Tech sector hit by sell‑off. Oil prices decline on renewed negotiations Jul 28, 2026
- Gold Declines, Focus on Fed and Falling Oil Prices Jul 28, 2026
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
