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A fire on August 9 at Tyson's Holcomb, Kansas beef plant left the facility down indefinitely. Tyson said full production would take months rather than weeks, and employees will continue to be paid.
The plant employs about 3,800 people.
A prolonged outage at a major fed cattle plant reduces slaughter capacity, weakening cash cattle demand and feeder prices in the near term.
wlj.netAnna Miller FortozoAug 16, 2019After 29 past bearish logistics events, LCATTLE moved a median -0.3% over 5 sessions (38% higher; middle half -2.0% to +0.5%), and -3.7% over 20.
After 20 past bearish logistics events, FCATTLE moved a median +1.3% over 5 sessions (60% higher; middle half -0.7% to +2.0%), and +2.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
The plant was down indefinitely with full production taking months, implying a prolonged loss of packing demand for cattle; it was published after the window but describes the same shock.
