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Cattle markets saw mostly light cash trade as some processing plants slowed production during the pandemic. An University of Tennessee economist says packers need fewer cash cattle purchases, and plant slowdowns reduce the need for cash cattle.
The article's text is partially garbled in the source.
Slower packing plant throughput cuts packer demand for cash cattle, which pressures fed cattle prices and widens the gap between cash and futures.
agupdate.comBenjamin HerroldApr 22, 2020After 29 past bearish logistics events, Live Cattle moved a median -0.3% over 5 sessions (38% higher; middle half -2.0% to +0.5%), and -3.7% 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.
