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Fed cattle prices were $112.80/cwt in the first week of March 2020, versus $127.98 a year earlier, and live cattle futures swung sharply amid COVID-19 uncertainty. Futures hit the daily price ceiling on March 10 after falling enough to halt trading on March 9.
Lower fed cattle prices reflect rising supplies plus panic-driven futures volatility, pressuring cattle values and the feed-cost outlook for feedlots.
wlj.netTexas A&, M AgriLife ExtensionMar 12, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Describes the March 9 trading halt and volatile swings amid COVID uncertainty, with cash well below last year.
Describes extreme futures volatility and limit moves in the same week amid COVID-19 uncertainty, giving context for the March 12 decline and fragile sentiment.
Described the limit-down on March 9 and limit-up on March 10 swings amid COVID uncertainty, reflecting the volatile selloff.
Notes that trading halted after a limit-down fall on March 9, confirming the size of the move, though the article was published after the date.
