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Northern cattle feeders are pushing for legislation requiring packers to buy more cattle on negotiated cash terms. Producers say packer use of captive supply and formula cattle has pushed negotiated cash prices lower.
A possible mandate for more negotiated cash purchases could raise cash cattle prices, but the outcome is uncertain and the bill is not yet law.
agweek.comMichelle RookJun 5, 2020After 102 past neutral policy events, LCATTLE moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
