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Market participants say the longest partial US government shutdown has halted NASS production data for cattle, though AMS price data continues. Analysts warn that the lack of official data increases uncertainty for stocker operators.
Some traders are reportedly acting on information before USDA reports are released.
Missing supply data raises price risk for cattle buyers and sellers, and markets may be more volatile or discount prices when information is thin.
beefmagazine.comWes IshmaelFeb 1, 2019After 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.
After 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), and +0.5% 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.
