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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 TeamAug 30, 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.
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.
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.
