# Cattle Current Weekly Highlights—Week ending Feb. 28, 2020 – Cattle Current Market Update

> Coronavirus (COVID-19) fears drove equities and futures sharply lower in the week ending Feb. 28, 2020, with the Dow down 3,513 points and WTI crude down about $8.27 on average. Cash calf and feeder prices fell $4-10 in North and South Central regions and $2-4 in the Southeast, and some producers pulled consignments from auctions.

- Date: 2020-02-28 · published 2020-02-28T12:00:00.000Z
- Category: disease · region Global · magnitude high
- Page: https://feedsoft.ai/events/12518-cattle-current-weekly-highlights-week-ending-feb-28-2020-cattle-current-market
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Fear of weaker beef demand and a broad risk-off selloff pushed feeder and live cattle futures lower, and the cash-futures discount widened. Feeder buyers face lower feeder cattle costs near term, but demand uncertainty keeps volatility high.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-02 | 5 | -5.0% | -3.1 | Equity and futures plunge on COVID fears pushed cash calf and feeder prices lower, signaling weaker cattle complex sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| FCATTLE | 2020-03-25 | [Kentucky Beef Cattle Market Update \| Farms.com](https://feedsoft.ai/events/7963-kentucky-beef-cattle-market-update-farms-com.md) | -6.4% | -9.0% |
| FCATTLE | 2019-09-05 | [Kay’s Cuts: Abattoir fire strikes at heart of US cattle market - Beef Central](https://feedsoft.ai/events/6591-kay-s-cuts-abattoir-fire-strikes-at-heart-of-us-cattle-market-beef-central.md) | +0.4% | +4.8% |
| FCATTLE | 2020-04-03 | [Cattle markets are on a coronavirus roller coaster - High Plains Journal](https://feedsoft.ai/events/7267-cattle-markets-are-on-a-coronavirus-roller-coaster-high-plains-journal.md) | +8.0% | +6.5% |
| FCATTLE | 2025-02-01 | [Mexican Border is Expected to Open for Feeder Cattle Week of Jan. 20, Sources Say](https://feedsoft.ai/events/26451-mexican-border-is-expected-to-open-for-feeder-cattle-week-of-jan-20-sources-say.md) | -3.9% | -0.6% |
| FCATTLE | 2020-05-09 | [Cattle Market Expectations for Fall Under COVID-19 - Northern Ag Network](https://feedsoft.ai/events/53273-cattle-market-expectations-for-fall-under-covid-19-northern-ag-network.md) | -2.5% | +4.0% |
| LCATTLE | 2020-03-25 | [Kentucky Beef Cattle Market Update \| Farms.com](https://feedsoft.ai/events/7963-kentucky-beef-cattle-market-update-farms-com.md) | +2.1% | -11.7% |
| LCATTLE | 2019-09-05 | [Kay’s Cuts: Abattoir fire strikes at heart of US cattle market - Beef Central](https://feedsoft.ai/events/6591-kay-s-cuts-abattoir-fire-strikes-at-heart-of-us-cattle-market-beef-central.md) | -2.1% | +3.2% |
| LCATTLE | 2020-04-03 | [Cattle markets are on a coronavirus roller coaster - High Plains Journal](https://feedsoft.ai/events/7267-cattle-markets-are-on-a-coronavirus-roller-coaster-high-plains-journal.md) | -2.9% | -12.7% |

## Sources

- cattlecurrent.com: https://cattlecurrent.com/cattle-current-weekly-highlights-week-ending-feb-28-2020/

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