# Futures File: Metals move fast; oil prices vary; beef market crumbles – Greeley Tribune

> U.S. first-quarter GDP growth slowed to 0.5%, which kept the Federal Reserve cautious about raising rates and pushed gold and silver to one-year highs. Crude oil roughly doubled from about $26 to over $46 per barrel in three months, supported by falling drilling activity and Venezuelan supply concerns. Cattle prices fell to a four-month low below $1.23 per pound.

- Date: 2016-04-30 · published 2016-04-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/11612-futures-file-metals-move-fast-oil-prices-vary-beef-market-crumbles-greeley
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Higher crude prices raise diesel and fertilizer costs for feed production and transport. Low interest rates and weak growth shape the broader macro backdrop for commodity markets, while cattle weakness reflects beef-specific demand problems.

## Read by commodity

- WTI: bullish ▲
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-11-09 | [OIL FUTURES: Oil prices surge as market eyes COVID-19 vaccine breakthrough \| S&P Global](https://feedsoft.ai/events/11792-oil-futures-oil-prices-surge-as-market-eyes-covid-19-vaccine-breakthrough-s-and.md) | +8.0% | +23.5% |
| WTI | 2020-11-09 | [Oil price crests $41 on vaccine-fueled market rally](https://feedsoft.ai/events/11795-oil-price-crests-41-on-vaccine-fueled-market-rally.md) | +8.0% | +23.5% |
| WTI | 2023-08-25 | [Oil futures up 1% to one-week high on soaring US diesel prices](https://feedsoft.ai/events/34772-oil-futures-up-1-to-one-week-high-on-soaring-us-diesel-prices.md) | +5.3% | +13.4% |
| WTI | 2018-04-30 | [Will oil prices be the trigger that wakes the inflation beast? - Financial Post](https://feedsoft.ai/events/65433-will-oil-prices-be-the-trigger-that-wakes-the-inflation-beast-financial-post.md) | +2.4% | -0.3% |
| WTI | 2018-04-27 | [Rising crude prices supportive to corn market - Brownfield Ag News](https://feedsoft.ai/events/65539-rising-crude-prices-supportive-to-corn-market-brownfield-ag-news.md) | +0.4% | +3.8% |
| 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% |
| LCATTLE | 2020-02-26 | [Cattle futures drop on broader market pressure - Brownfield Ag News](https://feedsoft.ai/events/12063-cattle-futures-drop-on-broader-market-pressure-brownfield-ag-news.md) | -4.2% | -8.0% |
| 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% |

## Sources

- greeleytribune.com: https://www.greeleytribune.com/2016/04/30/futures-file-metals-move-fast-oil-prices-vary-beef-market-crumbles/

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