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The North American Meat Institute submitted testimony to the Senate Judiciary Committee arguing that cattle markets reflect supply and demand fundamentals. It cited beef demand running more than 4% above 2019 levels in early 2021.
This is an industry position on possible government intervention in cattle markets. It has limited direct price impact but signals policy debate that could affect packer operations and cattle demand.
meatinstitute.orgJul 29, 2021After 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.
After 28 past neutral policy events, Feeder Cattle 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.
