# Wild Swings | Ohio BEEF Cattle Letter

> 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.

- Date: 2020-03-04 · published 2020-03-04T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/5307-wild-swings-ohio-beef-cattle-letter
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Heightened volatility and weaker cash fed prices point to lower cattle values, with higher options costs raising hedging expense for feeders.

## 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 | Same extreme volatility, with April live cattle down over $10 as virus concerns hit beef demand and financial markets. |

## Sources

- u.osu.edu: https://u.osu.edu/beef/2020/03/04/wild-swings/

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