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Beef Magazine's Nevil Speer discusses the cash trade share of fed cattle, which is about 25 percent of weekly trade. He covers a denied OCM petition against USDA over withdrawing the GIPSA Farmer Fair Practices Rules and concludes that weekly volatility has not risen despite lower cash trade.
Concerns about price discovery and artificial deflation in cash fed cattle prices affect how buyers and feeders value cattle, but the story describes an ongoing debate rather than a new supply or demand shift.
beefmagazine.comNevil SpeerJan 31, 2019After 102 past neutral policy events, LCATTLE moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
