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A UC Davis update reviews COVID-19 effects on US cattle producers. Beef packing volumes fell about 40% in late April to early May, but plants are now running above 90% capacity.
Feeder cattle prices fell 24% from mid-February to early April, and retail beef prices remain well above last year.
Processing capacity has recovered, which eases the packer bottleneck that pressured cattle prices. Elevated retail beef prices and lingering disruption still shape demand for feeder and fed cattle.
livestockecon.ucdavis.eduTina Lynn TateAug 26, 2020After 69 past neutral disease events, Live Cattle moved a median -0.1% over 5 sessions (42% higher; middle half -0.8% to +0.6%), and +0.9% over 20.
After 29 past neutral disease events, Feeder Cattle moved a median +0.6% over 5 sessions (62% higher; middle half -1.5% to +2.2%), and +1.0% 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.
