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Livestock groups met May 10 to address cattle marketing challenges and urged the DOJ to conclude its cattle market investigation. Lawmakers including Rep.
Randy Feenstra noted four packers control over 80% of processing and that boxed beef prices rose while cattle prices stagnated.
Concentrated packer control and widening packer margins could prompt regulatory action on reporting and pricing, affecting cattle price discovery.
feedstuffs.comJacqui FatkaMay 19, 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.
