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Tyson Foods CEO Donnie King released testimony for the House Agriculture Committee hearing on cattle markets. He argues that labor shortages from COVID-19 constrained beef processing, causing a cattle oversupply and beef price increases.
Packer testimony on labor-constrained slaughter capacity highlights the structural gap between cattle supply and beef demand, which supports the cattle price debate but adds no immediate price shock.
meatpoultry.comRyan McCarthyApr 26, 2022After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
