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Tyson's Finney County, Kansas beef plant, which slaughters about 6,000 head a day and 4.5% to 5% of national fed cattle slaughter, was closed indefinitely after a late-Friday fire on August 9. About 50,000 to 60,000 southern plains cattle must be rerouted to other plants.
Heavy third-quarter supplies and rising slaughter weights add to the strain.
Losing roughly 5% of fed slaughter during peak supply season forces longer hauling and lower cash bids, pressuring fed cattle prices and widening discounts in the Southern Plains.
ocj.comBrianna SmithAug 20, 2019After 29 past bearish logistics events, Live Cattle 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, Feeder Cattle moved a median +1.3% over 5 sessions (60% higher; middle half -0.7% to +2.0%), and +2.1% over 20.
Not enough comparable past events yet for a historical read.
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.
