# Livestock Lowdown: Tuesday Closing Livestock Market Update - Economic Pressure Sends Complex Plummeting

> Livestock futures closed lower on October 3 as a sharp jump in US job openings raised expectations of further interest rate increases. Feeder cattle contracts fell $4 to $5, hog prices dropped $3.18 on the afternoon report, and cash cattle traded $1 lower in the South and North.

- Date: 2023-10-03 · published 2023-10-03T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/10394-livestock-lowdown-tuesday-closing-livestock-market-update-economic-pressure
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Expectations of tighter rates and a stronger economy pressure futures and cash livestock prices, which lowers feeder and fed cattle values.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2018-04-02 | [Mixed macroeconomic signals shake cattle markets \| Western Livestock Journal](https://feedsoft.ai/events/11969-mixed-macroeconomic-signals-shake-cattle-markets-western-livestock-journal.md) | -2.6% | +2.8% |
| LCATTLE | 2020-04-07 | [Coronavirus Sends Crop and Livestock Prices into a Tailspin \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/5743-coronavirus-sends-crop-and-livestock-prices-into-a-tailspin-farm-bureau-intel.md) | +2.8% | -4.3% |
| LCATTLE | 2017-04-22 | [Beef exports key to market improvement – Wyoming Livestock Roundup](https://feedsoft.ai/events/71630-beef-exports-key-to-market-improvement-wyoming-livestock-roundup.md) | +4.5% | +1.0% |
| LCATTLE | 2020-03-31 | [Cattle market responses to recent market turmoil \| Western Livestock Journal](https://feedsoft.ai/events/6289-cattle-market-responses-to-recent-market-turmoil-western-livestock-journal.md) | -11.3% | -16.4% |
| LCATTLE | 2019-08-21 | [Macroeconomic Volatility and Industry Specific Shocks Pressure Down Cattle Prices \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/10657-macroeconomic-volatility-and-industry-specific-shocks-pressure-down-cattle.md) | +1.6% | -4.3% |
| FCATTLE | 2018-04-02 | [Mixed macroeconomic signals shake cattle markets \| Western Livestock Journal](https://feedsoft.ai/events/11969-mixed-macroeconomic-signals-shake-cattle-markets-western-livestock-journal.md) | -0.2% | +4.7% |
| FCATTLE | 2017-04-22 | [Beef exports key to market improvement – Wyoming Livestock Roundup](https://feedsoft.ai/events/71630-beef-exports-key-to-market-improvement-wyoming-livestock-roundup.md) | +7.9% | +3.5% |
| FCATTLE | 2020-03-31 | [Cattle market responses to recent market turmoil \| Western Livestock Journal](https://feedsoft.ai/events/6289-cattle-market-responses-to-recent-market-turmoil-western-livestock-journal.md) | -8.0% | -0.4% |

## Sources

- keyaglivestocklowdown.blogspot.com: http://keyaglivestocklowdown.blogspot.com/2023/10/tuesday-closing-livestock-market-update.html

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