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A University of Nebraska economist says COVID-19 caused depressed futures and cash cattle prices, packing plant closures and weak packer bids, with demand falling and supply gluts building upstream. He notes the stocker sector may cushion the damage and that stabilization may begin as lockdowns ease.
Packer closures and weak demand keep feeder and fed cattle prices depressed, while stocker demand provides some support for feeder cattle values.
beef.unl.eduMay 7, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
