Loading…
Beef cattle futures declined in recent weeks as highly pathogenic avian influenza spread into dairy herds in six US states. Cash cattle prices in western Canada held roughly steady, while futures for September through November delivery were most affected.
Buyer hesitation on deferred futures due to disease fears weakens forward cattle pricing, though steady cash markets limit the downside.
grainews.caJeff Melchior, GFM Network NewsApr 10, 2024After 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.
After 46 past bearish disease events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -2.3% to +1.6%), and +1.8% 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.
