# U.S. livestock: Cattle futures dive, led by energy, equity markets - AgCanada

> CME live and feeder cattle futures fell to life-of-contract lows on March 9, 2020, with feeder cattle limit down, after crude oil's biggest daily rout since 1991 as Saudi Arabia and Russia began a price war. The Dow fell over 2,000 points on recession fears tied to coronavirus.

- Date: 2020-03-09 · published 2020-03-09T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/5176-u-s-livestock-cattle-futures-dive-led-by-energy-equity-markets-agcanada
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Oil-driven equity selloff and fears of reduced consumer demand for beef push cattle values lower, weakening feedlot demand for feed.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-09 | 1 | -2.1% | -3.0 | On March 9, 2020 CME live and feeder cattle fell to life-of-contract lows as the crude oil rout and a 2,000-point Dow drop on coronavirus recession fears drove a risk-off sentiment selloff in cattle futures. |
| FCATTLE | 2020-03-15 | 5 | -15.1% | -7.8 | On March 9 feeder futures went limit down as the oil price war and equity rout fueled recession fears, a sentiment shock inside the 5-day window. |
| LCATTLE | 2020-03-15 | 5 | -6.7% | -3.7 | March 9 crude oil collapse and equity rout pushed live and feeder cattle to contract lows with limit-down moves, a sentiment-driven selloff within the window. |
| FCATTLE | 2020-03-12 | 1 | -4.9% | -3.5 | Earlier March 9 selloff tied to the oil rout and equity crash shows the macro risk-off channel that pressured feeder futures and likely carried into March 12. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2026-03-09 | [Grains Retreat Following Energies, See Farmer Selling: Cattle Plunge - AgWeb](https://feedsoft.ai/events/10387-grains-retreat-following-energies-see-farmer-selling-cattle-plunge-agweb.md) | -1.4% | +3.3% |
| LCATTLE | 2026-03-02 | [The U.S.-Iran War Has Hit Cattle. How Much Lower Will Prices Go?](https://feedsoft.ai/events/5732-the-u-s-iran-war-has-hit-cattle-how-much-lower-will-prices-go.md) | -2.8% | -3.5% |
| LCATTLE | 2022-03-09 | [Cattle Input Prices Surge \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/42434-cattle-input-prices-surge-ohio-beef-cattle-letter.md) | -0.2% | -1.3% |
| LCATTLE | 2022-05-31 | [Market Closes - May 31, 2022 - Kentucky Farm Bureau](https://feedsoft.ai/events/6237-market-closes-may-31-2022-kentucky-farm-bureau.md) | -0.1% | +3.5% |
| LCATTLE | 2026-03-02 | [Cattle and Grains See Risk Off Selling on Iran Conflict: Have Cattle Topped? - Farm Journal](https://feedsoft.ai/events/5731-cattle-and-grains-see-risk-off-selling-on-iran-conflict-have-cattle-topped-farm.md) | -2.8% | -3.5% |
| FCATTLE | 2022-03-28 | [Cattle market frustrates, but fundamentals are better this spring – The Seam](https://feedsoft.ai/events/7631-cattle-market-frustrates-but-fundamentals-are-better-this-spring-the-seam.md) | +3.3% | +0.1% |
| FCATTLE | 2026-03-02 | [The U.S.-Iran War Has Hit Cattle. How Much Lower Will Prices Go?](https://feedsoft.ai/events/5732-the-u-s-iran-war-has-hit-cattle-how-much-lower-will-prices-go.md) | +0.1% | +1.7% |
| FCATTLE | 2022-03-09 | [Cattle Input Prices Surge \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/42434-cattle-input-prices-surge-ohio-beef-cattle-letter.md) | +1.5% | +1.4% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cattle-futures-dive-led-by-energy-equity-markets

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