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A USDA-ERS outlook says beef production will be reduced for 2019 because of lower slaughter following the Tyson Holcomb, Kansas plant fire. Tyson redirected cattle to other plants, and beef plants are expected to add Saturday slaughter to offset lost capacity.
Lower beef output supports boxed beef and fed cattle prices, and the reduced slaughter capacity keeps packer margins elevated. The fire's lingering effects remain a key supply factor for cattle markets.
agproud.comRussell KnightOct 24, 2019After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% 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.
