Memuat…
CME cattle futures fell to multiyear lows on Tuesday, with some live and feeder cattle contracts hitting daily trading limits for a second straight day. The selloff followed a fire at Tyson Foods' Finney County beef plant in Kansas, which was expected to stay down indefinitely.
The plant reportedly processed about 6,000 head of cattle per day.
Losing that slaughter capacity leaves fed cattle with fewer packing options, which pressures cash and futures prices while logistics adjust. Uncertainty about how long the plant stays closed keeps downward pressure on the complex.
financialpost.comReuters13 Agu 2019Setelah 29 peristiwa logistik bearish sebelumnya, Sapi Hidup bergerak median -0,3% selama 5 sesi (38% lebih tinggi; separuh tengah -2,0% sampai +0,5%), dan -3,7% selama 20 sesi.
Setelah 20 peristiwa logistik bearish sebelumnya, Sapi Bakalan bergerak median +1,3% selama 5 sesi (60% lebih tinggi; separuh tengah -0,7% sampai +2,0%), dan +2,1% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
Cattle futures hit multiyear lows and limit-down for a second straight day as the plant was expected to stay down indefinitely, so reduced packer demand for cattle drove the selloff.
Live and feeder cattle futures hit daily limits and multiyear lows after the fire, with the plant expected to stay down indefinitely, which directly matches the size of the move.
It describes the selloff following the fire with limit-down moves starting the Monday after, but it is dated Aug 13 and mostly covers the continued decline.
