# Experts Agree: Livestock Markets Not Broken; Affected by Supply and Demand | meatinstitute

> 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.

- Date: 2021-07-29 · published 2021-07-29T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/46206-experts-agree-livestock-markets-not-broken-affected-by-supply-and-demand
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

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.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2021-07-30 | [Economists, Academics, Industry Agree: Supply, Demand, Labor, Economies of Scale  Drive Beef and Cattle Markets \| meatinstitute](https://feedsoft.ai/events/46207-economists-academics-industry-agree-supply-demand-labor-economies-of-scale.md) | +0.4% | +2.2% |
| LCATTLE | 2021-05-19 | [Livestock groups unite on need to address cattle markets](https://feedsoft.ai/events/47227-livestock-groups-unite-on-need-to-address-cattle-markets.md) | -0.0% | +2.0% |
| LCATTLE | 2024-01-08 | [The European Union and United Kingdom's deforestation-free supply chains regulations: implications for Brazil \| SEI](https://feedsoft.ai/events/32136-the-european-union-and-united-kingdom-s-deforestation-free-supply-chains.md) | +0.7% | +3.8% |
| LCATTLE | 2024-01-15 | [Regulation on deforestation-free supply chains – 12 months left](https://feedsoft.ai/events/32132-regulation-on-deforestation-free-supply-chains-12-months-left.md) | +0.7% | +4.9% |
| LCATTLE | 2022-08-04 | [Deforestation-free supply chains: EU draft hints at new requirements for economic operators](https://feedsoft.ai/events/40054-deforestation-free-supply-chains-eu-draft-hints-at-new-requirements-for.md) | +0.8% | +3.1% |
| FCATTLE | 2021-07-30 | [Economists, Academics, Industry Agree: Supply, Demand, Labor, Economies of Scale  Drive Beef and Cattle Markets \| meatinstitute](https://feedsoft.ai/events/46207-economists-academics-industry-agree-supply-demand-labor-economies-of-scale.md) | -0.5% | +0.6% |
| FCATTLE | 2019-10-28 | [Cattle export market dynamics shifting \| Meat & Livestock Australia](https://feedsoft.ai/events/56525-cattle-export-market-dynamics-shifting-meat-and-livestock-australia.md) | +2.4% | -4.4% |
| FCATTLE | 2021-05-19 | [Livestock groups unite on need to address cattle markets](https://feedsoft.ai/events/47227-livestock-groups-unite-on-need-to-address-cattle-markets.md) | -0.4% | +14.9% |

## Sources

- meatinstitute.org: https://meatinstitute.org/press/experts-agree-livestock-markets-not-broken-affected-supply-and-demand

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.