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A USDA AMS investigation found that cattle and beef prices reacted as expected to the Tyson Holcomb plant fire and the COVID-19 disruption. The report does not examine potential Packers and Stockyards Act violations, and that investigation is continuing.
The finding removes some regulatory uncertainty around packer margins but does not change near-term supply or feed demand for cattle.
beefmagazine.comWes IshmaelSep 28, 2020After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% 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.
