# Cattle Current Daily-Apr. 2, 2018 – Cattle Current Market Update

> The USDA Prospective Plantings report showed fewer corn and soybean acres than expected, which lifted grain futures sharply. Live and feeder cattle futures fell after the grain rally, and cash fed cattle prices dropped.

- Date: 2018-03-31 · published 2018-03-31T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11973-cattle-current-daily-apr-2-2018-cattle-current-market-update
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Smaller corn and soybean acreage supports higher feed grain prices, which squeezes feedlot margins and lowers cattle values.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2018-04-01 | 1 | -2.7% | -3.2 | Grain rally after Prospective Plantings pushed live and feeder cattle futures lower and cash fed cattle dropped, directly describing the move. |
| FCATTLE | 2018-04-03 | 1 | +3.0% | 3.5 | The Prospective Plantings report lifted grain futures, raising feed cost expectations and pressuring feeder cattle futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-12-14 | [Market update week 49 - VV COM](https://feedsoft.ai/events/32668-market-update-week-49-vv-com.md) | +1.5% | +1.2% |
| CORN | 2020-10-13 | [Grain market update \| Saxo](https://feedsoft.ai/events/11789-grain-market-update-saxo.md) | +2.6% | +4.2% |
| CORN | 2024-07-14 | [Daily Market Wire 15 July 2024 - Grain Central](https://feedsoft.ai/events/29204-daily-market-wire-15-july-2024-grain-central.md) | -1.5% | -2.1% |
| CORN | 2020-06-12 | [Daily Market Wire 12 June 2020 - Grain Central](https://feedsoft.ai/events/4927-daily-market-wire-12-june-2020-grain-central.md) | +0.2% | +1.6% |
| CORN | 2020-06-30 | [Daily Market Wire 30 June 2020 - Grain Central](https://feedsoft.ai/events/52723-daily-market-wire-30-june-2020-grain-central.md) | +3.3% | -1.5% |
| SOY | 2020-10-13 | [Grain market update \| Saxo](https://feedsoft.ai/events/11789-grain-market-update-saxo.md) | +2.0% | +6.9% |
| SOY | 2025-03-11 | [Daily Market Wire 12 March 2025 - Grain Central](https://feedsoft.ai/events/25517-daily-market-wire-12-march-2025-grain-central.md) | +1.6% | -1.7% |
| SOY | 2017-10-31 | [Feed market update - Pig World](https://feedsoft.ai/events/68554-feed-market-update-pig-world.md) | +1.2% | +2.1% |

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-daily-apr-2-2018/

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