# Cattle Current Weekly Highlights—Week ending Aug. 16, 2019 – Cattle Current Market Update

> A fire at Tyson's Holcombe, Kansas beef plant cast a pall over cattle markets, with live and feeder cattle futures limit-down. Some auctions cancelled sales and cash steers and heifers fell $5-$10/cwt. Corn futures also fell about 36 cents after a surprisingly large USDA production estimate.

- Date: 2019-08-18 · published 2019-08-18T12:00:00.000Z
- Category: logistics · region US · magnitude high
- Page: https://feedsoft.ai/events/10653-cattle-current-weekly-highlights-week-ending-aug-16-2019-cattle-current-market
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Reduced packing capacity lowers demand for fed cattle while a bearish USDA corn estimate weakens feed costs, together pressuring cattle prices.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2019-08-15 | 5 | -4.4% | -3.7 | Live and feeder futures limit-down with cash cattle down $5-$10/cwt confirms the price drop, though it was published after the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2019-06-01 | [Cattle Current Weekly Highlights—Week ending May 31, 2019 – Cattle Current Market Update](https://feedsoft.ai/events/11382-cattle-current-weekly-highlights-week-ending-may-31-2019-cattle-current-market.md) | -0.7% | -1.4% |
| LCATTLE | 2019-08-30 | [Beef Market Update: Tyson plant fires still playing a role in cash market - RealAgriculture](https://feedsoft.ai/events/10906-beef-market-update-tyson-plant-fires-still-playing-a-role-in-cash-market.md) | -4.4% | -3.7% |
| LCATTLE | 2020-04-22 | [Reduced production affects cattle markets](https://feedsoft.ai/events/53775-reduced-production-affects-cattle-markets.md) | -6.1% | +8.8% |
| LCATTLE | 2019-08-21 | [Markets see major movement after Tyson plant fire - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/57734-markets-see-major-movement-after-tyson-plant-fire-progressive-cattle-ag-proud.md) | +1.6% | -4.3% |
| LCATTLE | 2019-08-13 | [Cattle futures sink to multiyear lows as Tyson plant fire hangs over market \| Financial Post](https://feedsoft.ai/events/7604-cattle-futures-sink-to-multiyear-lows-as-tyson-plant-fire-hangs-over-market.md) | -4.8% | -9.9% |
| FCATTLE | 2019-06-01 | [Cattle Current Weekly Highlights—Week ending May 31, 2019 – Cattle Current Market Update](https://feedsoft.ai/events/11382-cattle-current-weekly-highlights-week-ending-may-31-2019-cattle-current-market.md) | +3.1% | +2.8% |
| FCATTLE | 2019-08-21 | [Markets see major movement after Tyson plant fire - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/57734-markets-see-major-movement-after-tyson-plant-fire-progressive-cattle-ag-proud.md) | +1.7% | +2.6% |
| FCATTLE | 2019-08-13 | [Cattle futures sink to multiyear lows as Tyson plant fire hangs over market \| Financial Post](https://feedsoft.ai/events/7604-cattle-futures-sink-to-multiyear-lows-as-tyson-plant-fire-hangs-over-market.md) | +0.9% | -0.4% |

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-weekly-highlights-week-ending-aug-16-2019/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.