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A cattle producer told a Senate Judiciary Committee hearing that the gap between live cattle prices of $1,500 to $1,700 and carcass values of $2,500 to $2,700 is hurting rural incomes. Tyson executive Shane Miller said packing capacity was not to blame for the spread.
The hearings focus on packer concentration and price transparency, which could lead to policy intervention in cattle trade. Feed buyers should watch for any regulatory change affecting feedlot demand.
northernag.netColter BrownJul 29, 2021After 102 past neutral policy events, LCATTLE moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% over 20.
After 28 past neutral policy events, FCATTLE moved a median +0.2% over 5 sessions (61% higher; middle half -0.6% to +0.8%), and +0.8% 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.
