# Pre-COVID-19 Market Conditions Persist & the Stocker Industry Can Dampen the Damage | UNL Beef | Nebraska

> A University of Nebraska economist says COVID-19 caused depressed futures and cash cattle prices, packing plant closures and weak packer bids, with demand falling and supply gluts building upstream. He notes the stocker sector may cushion the damage and that stabilization may begin as lockdowns ease.

- Date: 2020-05-07 · published 2020-05-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53082-pre-covid-19-market-conditions-persist-and-the-stocker-industry-can-dampen-the
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Packer closures and weak demand keep feeder and fed cattle prices depressed, while stocker demand provides some support for feeder cattle values.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- beef.unl.edu: https://beef.unl.edu/beefwatch/2020/pre-covid-19-market-conditions-persist-stocker-industry-can-dampen-damage/

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