Laden…
A fire at Tyson's Holcomb, Kansas beef plant, which handled about 6,000 head a day, knocked out a significant share of fed cattle packing capacity. Futures traders sold off sharply, with cattle contracts locked limit-down for two sessions.
Tyson said it would keep paying its roughly 3,000 employees while the plant is rebuilt.
Losing roughly 6% of packing capacity during seasonally heavy supplies forces cattle to move to other plants, pressuring cash and futures prices for fed cattle and feeders.
wlj.netPete Crow, WLJ publisher emeritus16 aug 2019Na 29 eerdere neerwaarts logistiek-gebeurtenissen bewoog Slachtvee (levend) zich mediaan -0,3% over 5 sessies (38% hoger; middelste helft -2,0% tot +0,5%), en -3,7% over 20.
Na 20 eerdere neerwaarts logistiek-gebeurtenissen bewoog Mestvee (feeder) zich mediaan +1,3% over 5 sessies (60% hoger; middelste helft -0,7% tot +2,0%), en +2,1% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Cattle contracts locked limit-down for two sessions after the fire cut packing capacity, but the commentary was published after the window.
