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A Kansas City Fed economist reviews how pandemic, winter storms, and the May 2021 JBS cyberattack slowed the cattle price recovery. Cattle prices have only recently surpassed pre-pandemic levels.
Drought and shifting consumer preferences are cited as longer-term pressures.
A tighter cattle herd and lingering disruptions support firmer cattle prices over the longer term. Feed demand from feedlots may stay constrained by these pressures.
doi.orgCortney CowleyDec 17, 2021Not enough comparable past events yet for a historical read.
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.
