# Market confusion overshadows cattle report | Livestock | farmweeknow.com

> FarmWeek reports that coronavirus-driven closures and cancellations clouded the March USDA Cattle on Feed report. Analyst Rich Nelson said wholesale beef rebounded over $40 as consumers stockpiled, but that gain had not carried into cash cattle. He expects tight fourth-quarter supply.

- Date: 2020-03-20 · published 2020-03-20T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/54266-market-confusion-overshadows-cattle-report-livestock-farmweeknow-com
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A wholesale beef rebound that does not reach cash cattle creates a margin squeeze for packers and uncertainty for feeders. Tighter supply later in the year could support fed cattle prices.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2020-03-23 | 5 | +15.7% | 5.1 | Wholesale beef rebounded over $40 on stockpiling and the Cattle on Feed report came in with some support, underpinning futures gains despite confusion. |
| LCATTLE | 2020-03-23 | 5 | +7.9% | 3.9 | Wholesale beef rebounded over $40 on consumer stockpiling and the Cattle on Feed report with tight Q4 supply expectations supported futures. |
| LCATTLE | 2020-03-23 | 1 | +2.7% | 3.2 | Wholesale beef rebounded over $40 on consumer stockpiling and the Cattle on Feed report was seen as supportive with tight Q4 supply, which underpinned futures buying. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2019-05-26 | [Cattle on Feed Report Mostly Market Friendly \| Red River Farm Network](https://feedsoft.ai/events/5755-cattle-on-feed-report-mostly-market-friendly-red-river-farm-network.md) | -2.4% | -4.6% |
| LCATTLE | 2020-10-02 | [Cattle on Feed report pushes feeders south \| Western Livestock Journal](https://feedsoft.ai/events/50773-cattle-on-feed-report-pushes-feeders-south-western-livestock-journal.md) | +1.5% | -1.0% |
| LCATTLE | 2018-01-24 | [Market Report: Cattle on feed continue to remain large - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/67092-market-report-cattle-on-feed-continue-to-remain-large-progressive-cattle-ag.md) | +1.5% | +5.0% |
| LCATTLE | 2022-09-30 | [Prices Steady On Wisconsin Livestock - Mid-West Farm Report](https://feedsoft.ai/events/39732-prices-steady-on-wisconsin-livestock-mid-west-farm-report.md) | +0.4% | +4.3% |
| LCATTLE | 2019-01-18 | [Missing market reports now could mean trouble later - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/61222-missing-market-reports-now-could-mean-trouble-later-progressive-cattle-ag-proud.md) | -0.6% | +0.1% |
| FCATTLE | 2024-09-22 | [Cattle supply remains tight; market rallies \| Livestock \| farmweeknow.com](https://feedsoft.ai/events/28432-cattle-supply-remains-tight-market-rallies-livestock-farmweeknow-com.md) | +0.9% | +1.4% |
| FCATTLE | 2016-08-26 | [Eastern Cornbelt Direct Feeder Cattle - 8/26/16 \| Livestock Market Reports \| lancasterfarming.com](https://feedsoft.ai/events/9396-eastern-cornbelt-direct-feeder-cattle-8-26-16-livestock-market-reports.md) | -6.4% | -6.7% |
| FCATTLE | 2019-05-26 | [Cattle on Feed Report Mostly Market Friendly \| Red River Farm Network](https://feedsoft.ai/events/5755-cattle-on-feed-report-mostly-market-friendly-red-river-farm-network.md) | -6.8% | -8.0% |

## Sources

- farmweeknow.com: https://www.farmweeknow.com/livestock/market-confusion-overshadows-cattle-report/article_7b4f8108-6ae6-11ea-8bf0-37d269947422.html

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