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Sysco's weekly market watch reports that the weekly beef harvest was slightly below last year while beef production rose, and that California expects to lose about 1.6 million birds to HPAI with a 600,000-bird Arizona farm also affected. Beef cutout weakness was seen in choice and select markets.
Heavier bird losses from HPAI tighten egg and poultry supply, while softer beef demand and higher beef output weigh on cattle values.
foodie.sysco.comNov 15, 2024Not enough comparable past events yet for a historical read.
After 70 past bearish disease events, Live Cattle moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.0%), and +0.4% 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.
