# Cattle, hog futures continue decline under broader market pressure - Brownfield Ag News

> On March 16, 2020, April live cattle closed $3.72 lower at $91.85 and feeder cattle fell $4.50 on the CME amid broader market meltdown tied to coronavirus concerns. Cash cattle trade was lower, with Southern live deals at $105-110 and northern dressed at $170.

- Date: 2020-03-16 · published 2020-03-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5173-cattle-hog-futures-continue-decline-under-broader-market-pressure-brownfield-ag
- 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)

## Why it matters

Broad market liquidation and lower cash cattle values signal weaker feeding economics and reduced demand for feed inputs.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2020-03-16 | 1 | +4.7% | 3.3 | Directly describes March 16, 2020 CME declines in live and feeder cattle (feeder down $4.50) amid the broad coronavirus-driven market meltdown, matching the date and direction of the move. |
| LCATTLE | 2020-03-23 | 5 | +7.9% | 3.9 | March 16 selloff in April live cattle (down $3.72) set the low base for the 5-day window, so the subsequent rebound is measured from depressed levels. |
| FCATTLE | 2020-03-23 | 5 | +15.7% | 5.1 | The March 16 feeder cattle decline marked the low from which the 5-day rebound is measured, reflecting the market meltdown that set up an oversold bounce. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-hog-futures-continue-decline-under-broader-market-pressure/

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