# Macroeconomic Volatility and Industry Specific Shocks Pressure Down Cattle Prices | Ohio BEEF Cattle Letter

> Cattle markets were pressured by the Tyson plant fire and the USDA crop report, with limit-down moves in some fed and feeder contracts. Analysts also cite trade disputes with China, unratified trade deals, and signs of a possible recession. Chinese buying toward the end of the week gave some support.

- Date: 2019-08-21 · published 2019-08-21T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/10657-macroeconomic-volatility-and-industry-specific-shocks-pressure-down-cattle
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Macro uncertainty, weaker manufacturing and consumer demand, and trade frictions reduce demand for beef and feed grains, adding downside pressure on cattle prices beyond the plant outage.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-31 | [Pandemic Injects Volatility into Cattle and Beef Markets \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/6288-pandemic-injects-volatility-into-cattle-and-beef-markets-farm-bureau-intel.md) | -11.3% | -16.4% |
| LCATTLE | 2018-08-22 | [Cattle Market Overriding Themes \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/63656-cattle-market-overriding-themes-ohio-beef-cattle-letter.md) | -1.1% | +2.1% |
| LCATTLE | 2018-03-26 | [Mixed macroeconomic signals shake cattle markets -  \| Ag Proud](https://feedsoft.ai/events/66136-mixed-macroeconomic-signals-shake-cattle-markets-ag-proud.md) | -4.3% | -0.1% |
| LCATTLE | 2022-09-23 | [Cattle, hog futures sag on macroeconomic concerns - CME
						 \| The Pig Site](https://feedsoft.ai/events/39718-cattle-hog-futures-sag-on-macroeconomic-concerns-cme-the-pig-site.md) | +0.4% | +3.0% |
| LCATTLE | 2026-05-29 | [Cattle futures slip on fuel price demand fears - CME
						 \| The Beef Site](https://feedsoft.ai/events/19391-cattle-futures-slip-on-fuel-price-demand-fears-cme-the-beef-site.md) | -0.8% | +1.4% |
| FCATTLE | 2020-03-31 | [Pandemic Injects Volatility into Cattle and Beef Markets \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/6288-pandemic-injects-volatility-into-cattle-and-beef-markets-farm-bureau-intel.md) | -8.0% | -0.4% |
| FCATTLE | 2018-08-22 | [Cattle Market Overriding Themes \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/63656-cattle-market-overriding-themes-ohio-beef-cattle-letter.md) | +0.1% | +4.3% |
| FCATTLE | 2018-03-26 | [Mixed macroeconomic signals shake cattle markets -  \| Ag Proud](https://feedsoft.ai/events/66136-mixed-macroeconomic-signals-shake-cattle-markets-ag-proud.md) | -2.8% | +2.5% |

## Sources

- u.osu.edu: https://u.osu.edu/beef/2019/08/21/macroeconomic-volatility-and-industry-specific-shocks-pressure-down-cattle-prices/

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