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Montana ranchers face uncertainty about fall cattle prices as COVID-19 slows meat processing and creates bottlenecks in the supply chain. A Trump executive order keeping meat plants open offers some assurance but does not remove worker-safety risks.
Reduced packing capacity and bottlenecks push pressure back to feeder and calf prices, weighing on expected fall cattle values.
northernag.netbyMay 9, 2020After 46 past bearish disease events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -2.3% to +1.6%), and +1.8% over 20.
After 70 past bearish disease events, Live Cattle moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.0%), and +0.4% 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.
