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For the week ending March 13, 2020, feeder cattle futures averaged $17.48 lower and live cattle $11.32 lower, while US stocks fell sharply and WTI averaged $8.98 lower. AMS reported steers and heifers selling $5-10/cwt lower amid COVID-19 panic.
Steep livestock and energy declines reduce feeding margins and signal weaker demand across feed grains and ingredients, with grains also reporting losses.
cattlecurrent.comWLIMar 16, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Week ending March 13 saw feeder futures average $17.48 lower amid equity and oil collapse and cash feeders $5-10 lower, quantifying the move.
Weekly summary shows live cattle futures averaged $11.32 lower and cash $5-10 lower amid COVID panic and equity weakness.
Weekly summary published March 16 on the prior week's sharp feeder futures declines, equity and oil weakness, and COVID panic, which shows the sentiment backdrop carrying into the move.
