◂ Event Timeline

Jul 22, 2020POLICYUS

USDA Mulls Cattle Market Changes After Coronavirus-Related Gyrations

A WSJ article reports that USDA is considering changes to cattle markets after coronavirus-related price swings. The source text is truncated and provides no further detail on the proposed changes.

WHY IT MATTERS

Possible rule changes to cattle marketing could affect how packers buy cattle, but without specifics the price impact is uncertain.

AFFECTSLive Cattle◆

SOURCE
wsj.comBy Jacob BungeJul 22, 2020

Price reaction & history

Live Cattle◆neutralSO FAR1d -0.2%5d -0.0%20d +6.9%

After 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.

Sep 24, 2019What’s the relationship between U.S. and Canada feeder cattle?+2.8%
Jul 29, 2021Cattle Market Challenges Take Center Stage on Capitol Hill - Northern Ag Network+0.8%
Apr 28, 2022Cattle markets take center stage in ag committees-1.2%
Aug 26, 2020CME Group Plans Cattle Futures Changes - Zia Commodities, LLC-0.7%
May 30, 2020Cattle feeders look for market fix-3.5%

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.

Live Cattle LCATTLE · GP ▸

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