# Farm commodities take hit from coronavirus fears

> 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.

- Date: 2020-03-03 · published 2020-03-03T12:00:00.000Z
- Category: disease · region US · magnitude low
- Page: https://feedsoft.ai/events/5310-farm-commodities-take-hit-from-coronavirus-fears
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expected demand destruction from economic slowdown pressures beef and grain prices, reducing feed-grain values for buyers in the near term.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-28 | [Coronavirus hits already struggling US farmers with drop in prices](https://feedsoft.ai/events/7966-coronavirus-hits-already-struggling-us-farmers-with-drop-in-prices.md) | -2.5% | -14.0% |
| LCATTLE | 2020-03-25 | [Cattle producers face price declines amid coronavirus pandemic](https://feedsoft.ai/events/7962-cattle-producers-face-price-declines-amid-coronavirus-pandemic.md) | +2.1% | -11.7% |
| LCATTLE | 2020-03-06 | [Analyst: Cattle markets roiled by the coronavirus](https://feedsoft.ai/events/5172-analyst-cattle-markets-roiled-by-the-coronavirus.md) | -4.7% | -5.8% |
| LCATTLE | 2020-04-03 | [Cattle markets are on a coronavirus roller coaster - High Plains Journal](https://feedsoft.ai/events/7267-cattle-markets-are-on-a-coronavirus-roller-coaster-high-plains-journal.md) | -2.9% | -12.7% |
| LCATTLE | 2020-01-29 | [China’s coronavirus outbreak will impact beef and cattle trade - Beef Central](https://feedsoft.ai/events/55036-china-s-coronavirus-outbreak-will-impact-beef-and-cattle-trade-beef-central.md) | -1.1% | -4.8% |
| CORN | 2020-01-28 | [Coronavirus Fears Prompt Flight to Safety in Commodity Markets - Caixin Global](https://feedsoft.ai/events/8057-coronavirus-fears-prompt-flight-to-safety-in-commodity-markets-caixin-global.md) | -0.8% | -2.1% |
| CORN | 2020-03-28 | [Coronavirus hits already struggling US farmers with drop in prices](https://feedsoft.ai/events/7966-coronavirus-hits-already-struggling-us-farmers-with-drop-in-prices.md) | +3.6% | -5.7% |
| CORN | 2020-03-04 | [Coronavirus complicates ASF situation in China \| Feed Strategy](https://feedsoft.ai/events/54125-coronavirus-complicates-asf-situation-in-china-feed-strategy.md) | +1.1% | -0.6% |

## Sources

- hutchnews.com: https://www.hutchnews.com/story/news/local/kansas-agland/2020/03/03/farm-commodities-take-hit-from-coronavirus-fears/1594844007/

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