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An NDSU economist said cattle markets are volatile after a fire at the Tyson plant in Holcomb, Kansas, and a surprisingly high USDA corn production estimate landed within days of each other. The market fell sharply before starting to recover.
Packing capacity loss and a bearish-surprising corn report both weigh on cattle prices, and the economist expects continued price swings.
agweek.comJenny Schlecht, Agweek Staff WriterAug 26, 2019Not enough comparable past events yet for a historical read.
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.
