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Analysts said the August 9 fire at the Tyson beef plant in Kansas is still shaping cash cattle prices. Southern Kansas cash cattle traded $2 to $3 lower, and boxed beef prices have fallen back to near pre-fire levels.
Uncertainty about when the Kansas plant will rebuild or reopen keeps packing capacity constrained, which keeps pressure on cash cattle prices.
realagriculture.comRealAgriculture News Team30 ago 2019Dopo 29 eventi logistica ribassista passati, Bovini da macello si è mosso in mediana di -0,3% in 5 sedute (38% in rialzo; metà centrale da -2,0% a +0,5%), e di -3,7% in 20.
Variazioni del benchmark di ciascuna materia prima rispetto all'ultima chiusura prima dell'evento. Le letture storiche raggruppano eventi passati dello stesso tipo; descrivono ciò che è accaduto, non ciò che accadrà. Non è consulenza di investimento.
Analysts said the Tyson fire was still weighing on cash cattle, with boxed beef back near pre-fire levels, which set up further futures selling into early September.
The Tyson fire was still weighing on cash cattle, with Southern Kansas $2-3 lower, which pressured futures into the Sept 2 move.
