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Kentucky cattle groups are organizing donations after tornadoes devastated parts of Western Kentucky, including a University of Kentucky research centre. A Mississippi State economist also summarized recent USDA monthly reports on livestock trade, WASDE and meat price spreads.
Tornado damage is localized and has little direct effect on national cattle supply. The USDA data recap offers context but no new price driver.
u.osu.eduSmith atDec 15, 2021After 630 past report events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.9% to +1.1%), and +1.1% over 20.
After 413 past report events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.9% 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.
