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The Wyoming Business Council released a report on value-adding in the state's beef industry. It notes there is no local market for cattle byproducts, which costs producers about $148 per head compared with large processors in neighboring states.
The report describes structural processing and byproduct economics rather than a new supply shock, so it has little direct effect on feed prices.
wyomingpublicmedia.orgCatherine WheelerFeb 28, 2020After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% 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.
