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American beef plants face closure risk as cattle slaughter supply stays far below historical levels, with the smallest herd in more than half a century. The number of cattle reaching slaughter fell 11% from a year earlier to a record low for the period.
Shrinking slaughter supply forces packers into losses and capacity cuts, which keeps live cattle prices supported while reducing packing demand for cattle.
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.