# CME live cattle sink to new lows as coronavirus spooks investors | Financial Post

> CME live cattle futures ended mostly lower as several contracts hit contract lows on worries that coronavirus would hurt global growth and beef demand. Commodity funds liquidated long positions amid a broader risk-off move in stocks and oil. Fed cattle traded at $115 per cwt, down $5 on the week.

- Date: 2020-02-27 · published 2020-02-27T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/5306-cme-live-cattle-sink-to-new-lows-as-coronavirus-spooks-investors-financial-post
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Expected weaker beef demand and ample market-ready supplies pressure cattle prices, and lower cash trade signals reduced packer margins for feeder cattle.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-02 | 5 | -5.0% | -3.1 | Live cattle hit contract lows as funds liquidated longs on coronavirus-driven demand and growth worries, with cash down $5. |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/cme-live-cattle-sink-to-new-lows-as-coronavirus-spooks-investors

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