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Two congressional committees held hearings on beef and cattle markets, where economists and industry witnesses attributed price moves to labor shortages, drought and herd size. The Meat Institute summarized testimony that opposed structural market interventions.
Testimony pointing to drought and small herd size supports the view that cattle supply is structurally tight, which underpins feeder and fed cattle prices. Policy outcomes remain uncertain.
meatinstitute.orgJul 30, 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.
