# U.S. livestock: Cattle futures sag on fears for economy, beef demand - AgCanada

> Live cattle futures eased on Friday as global financial markets fell after President Trump tested positive for coronavirus. Disappointing U.S. payroll growth raised worries about beef demand, though cash fed cattle prices near $107/cwt gave some support, and feeder futures fell with rising corn prices after USDA's tighter-than-expected corn supply report.

- Date: 2020-10-02 · published 2020-10-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50757-u-s-livestock-cattle-futures-sag-on-fears-for-economy-beef-demand-agcanada
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weaker cattle futures and firm cash prices give mixed signals for feedlot margins; higher corn costs weigh on feeder cattle values and feeding economics for buyers.

## Read by commodity

- CORN: bullish ▲
- HOGS: neutral
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cattle-futures-sag-on-fears-for-economy-beef-demand

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