# Estimating COVID-19 effects on the cattle markets - Progressive Cattle | Ag Proud

> A Progressive Cattle analysis estimates the total actual and future economic impact of COVID-19 on the US beef industry at more than $14.6 billion. It cites the CARES Act, which included over $9 billion in direct livestock assistance, and notes that East Asian demand for beef exports was an early concern.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/53773-estimating-covid-19-effects-on-the-cattle-markets-progressive-cattle-ag-proud
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A large estimated loss across beef production sectors signals sustained weaker demand and pressure on cattle prices, partly offset by government aid.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-10 | [Coronavirus affecting cattle, other markets](https://feedsoft.ai/events/54074-coronavirus-affecting-cattle-other-markets.md) | -7.3% | -10.6% |
| LCATTLE | 2017-01-03 | [A new year for cattle markets -  \| Ag Proud](https://feedsoft.ai/events/73127-a-new-year-for-cattle-markets-ag-proud.md) | -0.9% | +0.4% |
| LCATTLE | 2020-03-31 | [Cattle industry feels effects of COVID-19 pandemic](https://feedsoft.ai/events/6442-cattle-industry-feels-effects-of-covid-19-pandemic.md) | -11.3% | -16.4% |
| LCATTLE | 2020-01-01 | [Cattle market shaken by COVID-19](https://feedsoft.ai/events/55236-cattle-market-shaken-by-covid-19.md) | +1.5% | -0.4% |
| LCATTLE | 2018-03-27 | [The big picture scares cattle markets](https://feedsoft.ai/events/66132-the-big-picture-scares-cattle-markets.md) | -3.4% | +0.8% |
| FCATTLE | 2017-01-03 | [A new year for cattle markets -  \| Ag Proud](https://feedsoft.ai/events/73127-a-new-year-for-cattle-markets-ag-proud.md) | -0.9% | -5.9% |
| FCATTLE | 2020-03-31 | [Cattle industry feels effects of COVID-19 pandemic](https://feedsoft.ai/events/6442-cattle-industry-feels-effects-of-covid-19-pandemic.md) | -8.0% | -0.4% |
| FCATTLE | 2018-03-27 | [The big picture scares cattle markets](https://feedsoft.ai/events/66132-the-big-picture-scares-cattle-markets.md) | -3.3% | +3.1% |

## Sources

- agproud.com: https://www.agproud.com/articles/53656-estimating-covid-19-effects-on-the-cattle-markets

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