# Tough Week for Markets - AG INFORMATION NETWORK OF THE WEST

> Grain and livestock markets closed lower on coronavirus fears hitting the global economy. Chicago March wheat fell 11 cents to $5.29, March corn fell 6 cents to $3.64, and live cattle dropped $1.87 to $110.47. Class III milk also declined to $16.32.

- Date: 2020-02-28 · published 2020-02-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5312-tough-week-for-markets-ag-information-network-of-the-west
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Broad selloff in corn, wheat and milk lowers feed-ingredient prices, though signs of Chinese business resuming offer some offset.

## Read by commodity

- CORN: bearish ▼
- MILK: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-02 | 5 | -5.0% | -3.1 | Broad commodity and livestock selloff with live cattle down $1.87 on coronavirus fears hitting the global economy. |

## Sources

- aginfo.net: https://www.aginfo.net/report/45313/Tough-Week-for-Markets

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