Loading…
A Farm Progress commentary says the COVID-19 crisis has dominated cattle markets for a month, with volatility and uncertainty high. The author expects cattle prices could recover into late 2020 as the economy rebounds.
A forecast of firmer cattle prices later in 2020 suggests feeder buyers may face a better market than current pandemic-driven weakness implies, though the outlook is uncertain.
farmprogress.comScott BrownApr 6, 2020After 18 past neutral macro events, Live Cattle moved a median +0.1% over 5 sessions (61% higher; middle half -1.0% to +1.6%), and +1.0% over 20.
After 56 past macro events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +1.3%), and +1.4% 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.
