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USDA's Agricultural Marketing Service released a report on the boxed beef and fed cattle price spread, covering the Tyson Holcomb, Kansas plant closure and the COVID-19 pandemic. The report summarizes market conditions and the widened spread between wholesale beef and cattle prices before, during and after these disruptions.
The report documents why packer margins widened while producer cattle prices fell, but it does not change near-term supply, so its direct price effect is limited.
agriculture.comNatalina Sents BauschJul 22, 2020
fb.orgMichael NepveuxJul 23, 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.
