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Texas A&M AgriLife economists said the Texas cattle market was recovering from Winter Storm Uri, which disrupted cattle movement and meat deliveries in February 2021. They expected prices to rebound as logistics normalize and herd health improves.
The economists also cited conditions favoring price gains in 2021.
Storm-related logistics disruptions are short-lived, and the expected recovery supports firmer cattle prices. Feed buyers should expect cattle supply to normalize as movement resumes.
farmprogress.comAdam RussellMar 2, 2021After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
After 79 past bullish weather events, Feeder Cattle moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% 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.
