# Market Closes - May 16, 2018 - Kentucky Farm Bureau

> Kentucky Farm Bureau's May 16, 2018 closes show corn, soybeans, soybean meal and oil lower, with soy complex leading declines on spec fund selling tied to renewed US-China trade war fears and NAFTA risk. Wheat ended mixed, live cattle fell sharply, and lean hogs rose on stronger cash prices.

- Date: 2018-05-14 · published 2018-05-14T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/10234-market-closes-may-16-2018-kentucky-farm-bureau
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Trade-war fears and fund liquidation are pressuring soy and corn values, which lowers soymeal and feed grain costs for buyers in the near term. Lower cattle futures reflect softer cash feedlot demand.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲
- WHEAT: neutral
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2019-11-15 | [Cash Market Woes \| TSLN.com](https://feedsoft.ai/events/56196-cash-market-woes-tsln-com.md) | -0.8% | -0.6% |
| FCATTLE | 2025-11-03 | [Cattle markets react to proposed tariff changes](https://feedsoft.ai/events/7813-cattle-markets-react-to-proposed-tariff-changes.md) | -3.7% | -5.3% |
| FCATTLE | 2025-10-24 | [Fears of Mexico border reopening cap a brutal week for the cattle market - Pro Farmer](https://feedsoft.ai/events/22526-fears-of-mexico-border-reopening-cap-a-brutal-week-for-the-cattle-market-pro.md) | -4.4% | -6.2% |
| FCATTLE | 2024-04-26 | [Beef Market Update: Volatility in U.S. cattle markets contrasts gains in Canadian fat cattle prices - RealAgriculture](https://feedsoft.ai/events/30683-beef-market-update-volatility-in-u-s-cattle-markets-contrasts-gains-in-canadian.md) | -0.5% | +2.2% |
| FCATTLE | 2025-10-21 | [Trump plan to import Argentine beef angers US farmers - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/22369-trump-plan-to-import-argentine-beef-angers-us-farmers-agweek-1-source-for.md) | -7.4% | -8.9% |
| LCATTLE | 2019-11-15 | [Cash Market Woes \| TSLN.com](https://feedsoft.ai/events/56196-cash-market-woes-tsln-com.md) | +0.4% | +3.3% |
| LCATTLE | 2020-08-09 | [PULSE: Watch for competition in key beef markets](https://feedsoft.ai/events/51581-pulse-watch-for-competition-in-key-beef-markets.md) | +3.7% | +4.0% |
| LCATTLE | 2025-11-03 | [Cattle markets react to proposed tariff changes](https://feedsoft.ai/events/7813-cattle-markets-react-to-proposed-tariff-changes.md) | -4.7% | -10.3% |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-may-14-2018/
- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-may-16-2018/

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