# Economists, Academics, Industry Agree: Supply, Demand, Labor, Economies of Scale  Drive Beef and Cattle Markets | meatinstitute

> 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.

- Date: 2021-07-30 · published 2021-07-30T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/46207-economists-academics-industry-agree-supply-demand-labor-economies-of-scale
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

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.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2021-07-29 | [Experts Agree: Livestock Markets Not Broken; Affected by Supply and Demand \| meatinstitute](https://feedsoft.ai/events/46206-experts-agree-livestock-markets-not-broken-affected-by-supply-and-demand.md) | +0.8% | +2.5% |
| LCATTLE | 2020-06-05 | [Cattle industry divided on negotiated cash cattle bill - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/52751-cattle-industry-divided-on-negotiated-cash-cattle-bill-agweek-1-source-for.md) | -0.9% | -7.1% |
| LCATTLE | 2021-06-28 | [Cattle Producers and Lawmakers Delve Into Problems With Markets and Packers](https://feedsoft.ai/events/46712-cattle-producers-and-lawmakers-delve-into-problems-with-markets-and-packers.md) | +0.7% | -0.5% |
| 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% |
| LCATTLE | 2022-04-28 | [Cattle markets take center stage in ag committees](https://feedsoft.ai/events/41983-cattle-markets-take-center-stage-in-ag-committees.md) | -1.2% | -3.2% |
| FCATTLE | 2021-07-29 | [Experts Agree: Livestock Markets Not Broken; Affected by Supply and Demand \| meatinstitute](https://feedsoft.ai/events/46206-experts-agree-livestock-markets-not-broken-affected-by-supply-and-demand.md) | -0.6% | -0.5% |
| 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 | 2021-06-28 | [Cattle Producers and Lawmakers Delve Into Problems With Markets and Packers](https://feedsoft.ai/events/46712-cattle-producers-and-lawmakers-delve-into-problems-with-markets-and-packers.md) | -1.6% | +1.7% |

## Sources

- meatinstitute.org: https://www.meatinstitute.org/press/economists-academics-industry-agree-supply-demand-labor-economies-scale-drive-beef-and-cattle

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