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USDA data show weekly average cash prices for fed cattle fell almost 11% in the five weeks after the Tyson plant fire. The decline reflects market changes following the loss of packing capacity.
Cash cattle prices have been moving lower.
Lower fed cattle cash prices reduce the value of feeder and live cattle and show how packing disruptions can drive sharp price swings. Feeder buyers face weaker cattle values.
feedstuffs.comKrissa WelshansSep 19, 2019Not enough comparable past events yet for a historical read.
Not 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.
