Lädt…
CME cattle futures fell to multiyear lows on Tuesday, with some live and feeder cattle contracts hitting daily trading limits for a second straight day. The selloff followed a fire at Tyson Foods' Finney County beef plant in Kansas, which was expected to stay down indefinitely.
The plant reportedly processed about 6,000 head of cattle per day.
Losing that slaughter capacity leaves fed cattle with fewer packing options, which pressures cash and futures prices while logistics adjust. Uncertainty about how long the plant stays closed keeps downward pressure on the complex.
financialpost.comReuters13.08.2019Nach 29 vergangenen Ereignisse (bearisch, Logistik) bewegte sich Lebendrinder im Median über 5 Handelstage um -0,3 % (38% höher; mittlere Hälfte -2,0 % bis +0,5 %) und über 20 Handelstage um -3,7 %.
Nach 20 vergangenen Ereignisse (bearisch, Logistik) bewegte sich Mastrinder (Feeder) im Median über 5 Handelstage um +1,3 % (60% höher; mittlere Hälfte -0,7 % bis +2,0 %) und über 20 Handelstage um +2,1 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
Cattle futures hit multiyear lows and limit-down for a second straight day as the plant was expected to stay down indefinitely, so reduced packer demand for cattle drove the selloff.
Live and feeder cattle futures hit daily limits and multiyear lows after the fire, with the plant expected to stay down indefinitely, which directly matches the size of the move.
It describes the selloff following the fire with limit-down moves starting the Monday after, but it is dated Aug 13 and mostly covers the continued decline.
