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US commodity prices are falling on coronavirus fears, with beef declining more and grains somewhat less. Traders expect quarantines and closures to cut economic activity and domestic demand.
Kansas producers are being hurt by the price declines.
Expected demand destruction from economic slowdown pressures beef and grain prices, reducing feed-grain values for buyers in the near term.
hutchnews.comMar 3, 2020After 70 past bearish disease events, LCATTLE moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.0%), and +0.4% over 20.
After 175 past bearish disease events, CORN moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 14 past disease events, WHEAT moved a median -0.3% over 5 sessions (29% higher; middle half -0.7% to +0.5%), and -0.8% over 20.
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.
