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Nevil Speer examines price discovery after the fire at Tyson's Holcomb beef plant, which pushed the fed market down to about $100 in the fall. Negotiated cash trade fell to 13% of volume in September and has since hovered near 20%.
Concerns persist that thin cash trade favors packers.
Thin negotiated trade adds uncertainty to cash cattle pricing, which affects feeder valuations and the appetite for feed.
beefmagazine.comNevil SpeerJan 21, 2020Not 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.
