# Futures markets unable to recover from “oversold” condition | Western Livestock Journal

> Live cattle futures fell sharply on March 29, with near limit-down losses across the board, and the April contract settled at $113.75. Cash fed cattle prices averaged $121.68 live, about $2 lower than the prior week, and cash beef declined through the week.

- Date: 2018-04-02 · published 2018-04-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10072-futures-markets-unable-to-recover-from-oversold-condition-western-livestock
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower cutout values and falling cash cattle prices weigh on feeder and fed cattle values. The sharp futures sell-off reflects weakening beef demand and rising supply.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2018-04-01 | 1 | -2.7% | -3.2 | Live cattle futures fell near limit-down on March 29 amid oversold conditions and lower cash, which spilled over into feeder futures. |

## Sources

- wlj.net: https://www.wlj.net/futures-markets-unable-to-recover-from-oversold-condition/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.