# Cattle Markets Experience Losses Amid Coronavirus Fears
						 | The Cattle Site

> CME live and feeder cattle futures fell sharply for a second straight day as coronavirus fears raised concerns about slowing demand and economic growth. Commodity funds liquidated long cattle positions after the US CDC warned of possible community spread, and Kansas feedlot cattle traded $5 lower at $115 per cwt.

- Date: 2020-02-26 · published 2020-02-26T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/12060-cattle-markets-experience-losses-amid-coronavirus-fears-the-cattle-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Fund liquidation and fears of weaker restaurant traffic and beef demand push cattle futures and cash prices lower, despite seasonally tight supplies.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-02 | 5 | -5.0% | -3.1 | Futures fell sharply for a second day as funds liquidated longs after CDC community-spread warning and cash fell $5. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-10 | [Coronavirus affecting cattle, other markets](https://feedsoft.ai/events/54074-coronavirus-affecting-cattle-other-markets.md) | -7.3% | -10.6% |
| LCATTLE | 2020-01-31 | [Cattle markets slide on coronavirus fears \| Western Livestock Journal](https://feedsoft.ai/events/6702-cattle-markets-slide-on-coronavirus-fears-western-livestock-journal.md) | -1.2% | -5.6% |
| LCATTLE | 2020-04-02 | [CME update: cattle futures dive on coronavirus pandemic
						 \| The Cattle Site](https://feedsoft.ai/events/6287-cme-update-cattle-futures-dive-on-coronavirus-pandemic-the-cattle-site.md) | -5.8% | -13.4% |
| LCATTLE | 2018-03-27 | [The big picture scares cattle markets](https://feedsoft.ai/events/66132-the-big-picture-scares-cattle-markets.md) | -3.4% | +0.8% |
| LCATTLE | 2020-04-01 | [U.S. livestock: Cattle, hogs limit down on coronavirus fears - Grainews](https://feedsoft.ai/events/6601-u-s-livestock-cattle-hogs-limit-down-on-coronavirus-fears-grainews.md) | -10.1% | -17.5% |
| FCATTLE | 2020-01-31 | [Cattle markets slide on coronavirus fears \| Western Livestock Journal](https://feedsoft.ai/events/6702-cattle-markets-slide-on-coronavirus-fears-western-livestock-journal.md) | -4.6% | -7.8% |
| FCATTLE | 2020-04-02 | [CME update: cattle futures dive on coronavirus pandemic
						 \| The Cattle Site](https://feedsoft.ai/events/6287-cme-update-cattle-futures-dive-on-coronavirus-pandemic-the-cattle-site.md) | +2.1% | +1.5% |
| FCATTLE | 2018-03-27 | [The big picture scares cattle markets](https://feedsoft.ai/events/66132-the-big-picture-scares-cattle-markets.md) | -3.3% | +3.1% |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/54920/cattle-markets-experience-losses-amid-coronavirus-fears

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