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Analysts said the August 9 fire at the Tyson beef plant in Kansas is still shaping cash cattle prices. Southern Kansas cash cattle traded $2 to $3 lower, and boxed beef prices have fallen back to near pre-fire levels.
Uncertainty about when the Kansas plant will rebuild or reopen keeps packing capacity constrained, which keeps pressure on cash cattle prices.
realagriculture.comRealAgriculture News Team30 ago 2019Tras 29 eventos bajista de logística pasados, Ganado en pie se movió una mediana de -0,3 % en 5 sesiones (38% al alza; mitad central entre -2,0 % y +0,5 %), y -3,7 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Analysts said the Tyson fire was still weighing on cash cattle, with boxed beef back near pre-fire levels, which set up further futures selling into early September.
The Tyson fire was still weighing on cash cattle, with Southern Kansas $2-3 lower, which pressured futures into the Sept 2 move.
