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Kansas State University agricultural economists completed a 20-year review of price discovery in the fed cattle and beef industry. The study concludes that COVID-19, a 2019 Holcomb packing plant fire and a May cyber-attack on a major meat supplier have not changed longer-term pricing motivations.
The findings suggest that packing constraints and disruptions are short-term, so cattle pricing structures are likely to persist and feeder buyers should expect existing supply-chain dynamics to continue.
ksre.k-state.eduPat MelgaresSep 28, 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.
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.
