A University of Arkansas economist says feeder cattle futures were highly volatile after the screwworm confirmation in Texas, with August contracts trading between $335 and $353. The market initially fell but then closed limit up.
The economist expects little change in retail beef prices, though local Texas and New Mexico cattle markets may be affected.
Nearby cattle markets face the most immediate price effects from movement restrictions and fear of spread. Retail beef prices are less affected, so the impact on feeder cattle futures is mainly a short-term volatility story.
在过去 29 次中性的疫病事件之后,架子牛 在 5 个交易日内中位数变动 +0.6%(62% 上涨;中间一半区间为 -1.5% 至 +2.2%),20 个交易日内为 +1.0%。
在过去 69 次中性的疫病事件之后,活牛 在 5 个交易日内中位数变动 -0.1%(42% 上涨;中间一半区间为 -0.8% 至 +0.6%),20 个交易日内为 +0.9%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。
Economist commentary on the volatile feeder futures and limit-up close after the screwworm confirmation supports the same price action.