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Cattle markets saw extreme volatility last week as coronavirus concerns hit beef demand and financial markets. April live cattle fell more than $10 per cwt and the fed cattle price dropped to $114.85.
Options premiums rose sharply as volatility increased.
Heightened volatility and weaker cash fed prices point to lower cattle values, with higher options costs raising hedging expense for feeders.
u.osu.eduSmith atMar 4, 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.
Same extreme volatility, with April live cattle down over $10 as virus concerns hit beef demand and financial markets.
