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An Oklahoma Farm Bureau webinar discussed producer calls for a USDA investigation into alleged packer manipulation after cattle prices fell while retail beef stayed high. Speaker Bart Fischer argued the wide live-to-retail spread can be explained economically and that the investigation is ongoing.
Ongoing scrutiny of packers and the wide cattle-to-beef spread affects cattle bids and packer margins, keeping fed cattle prices under pressure.
okfarmbureau.orgHannah DavisMay 1, 2020After 30 past bearish policy events, Live Cattle moved a median -0.8% over 5 sessions (43% higher; middle half -2.0% to +1.1%), and +0.9% over 20.
After 24 past bearish policy events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -3.3% to +1.2%), and +0.5% 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.
