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Cattle prices are recovering after the August 9 Tyson fire in Holcomb, Kansas, as packers add slaughter to offset the lost capacity. Weekly federally inspected slaughter rose to 651,000 head the week after the fire, and the Five Area steer price fell less than the initial drop.
Packers redistributing slaughter to other plants is easing supply constraints on cash cattle, supporting live cattle prices. The recovery suggests the fire's impact on fed cattle values is fading.
beefmagazine.comWes IshmaelSep 1, 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.
