USDA Cuts Cattle Price Forecast After Tyson Shuts Nebraska Beef Plant

After 126 past bearish report events, FCATTLE moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.

• Apr 11, 2018Crop Planting Report and Feeder Price Decline | Ohio BEEF Cattle Letter+2.9%
• Dec 4, 2023USDA increases beef production forecasts - Grainews+0.4%
• Sep 7, 2016Lower Cash Fed Cattle Prices on Large Cattle Slaughter | Ohio BEEF Cattle Letter+2.2%
• Jan 11, 2017A New Year for Cattle Markets | Ohio BEEF Cattle Letter-1.3%
• Oct 24, 2023USDA Cattle on Feed Report Hits Cattle Prices Hard+0.0%

After 144 past bearish report events, LCATTLE moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.

• Dec 10, 2018African swine fever factors into cattle price forecast - Beef Central+1.1%
• Apr 1, 2022Corn Costs and Cattle Placement Weights | UNL Beef | Nebraska-0.4%
• Apr 17, 2018Lower beef and pork prices forecast - Brownfield Ag News+2.9%
• Dec 4, 2023USDA increases beef production forecasts - Grainews-1.8%
• Nov 24, 2021Higher cow slaughter and carcass weights raise 2021 beef production forecast - Progressive Cattle | Ag Proud+2.1%