# Cattle Update 2/3/20 | Tift County Extension Producer Updates

> Cash cattle trade has slowed since January, but slaughter cows and bulls rose $2 to $5 while bigger calves fell $2 to $3. Phase one of the US-China trade deal is signed, but the size of the China beef tariff cut is unclear, and Chinese markets are closed due to the coronavirus.

- Date: 2020-02-03 · published 2020-02-03T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/54553-cattle-update-2-3-20-tift-county-extension-producer-updates
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A shrinking US herd supports cattle prices, but uncertainty over China beef tariffs and the coronavirus-related demand disruption limits upside.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-08-13 | [CME update: cattle futures gain ground as slaughter rates and exports rise
						 \| The Cattle Site](https://feedsoft.ai/events/51744-cme-update-cattle-futures-gain-ground-as-slaughter-rates-and-exports-rise-the.md) | +2.4% | +0.1% |
| LCATTLE | 2018-04-05 | [Cattle futures extend rally - Brownfield Ag News](https://feedsoft.ai/events/10069-cattle-futures-extend-rally-brownfield-ag-news.md) | -1.6% | -2.6% |
| LCATTLE | 2023-09-15 | [An update on current North American live cattle trade \| Western Livestock Journal](https://feedsoft.ai/events/34033-an-update-on-current-north-american-live-cattle-trade-western-livestock-journal.md) | +0.3% | +0.1% |
| LCATTLE | 2021-01-21 | [Live export cattle prices push into unchartered territory + 2020 full year export data - Beef Central](https://feedsoft.ai/events/49081-live-export-cattle-prices-push-into-unchartered-territory-2020-full-year-export.md) | +1.2% | +2.8% |
| LCATTLE | 2023-11-10 | [US reduces beef exports as cattle herd shrinks, squeezing Tyson Foods \| Reuters](https://feedsoft.ai/events/33104-us-reduces-beef-exports-as-cattle-herd-shrinks-squeezing-tyson-foods-reuters.md) | -1.2% | -5.4% |
| FCATTLE | 2020-08-13 | [CME update: cattle futures gain ground as slaughter rates and exports rise
						 \| The Cattle Site](https://feedsoft.ai/events/51744-cme-update-cattle-futures-gain-ground-as-slaughter-rates-and-exports-rise-the.md) | -1.2% | -4.2% |
| FCATTLE | 2021-09-06 | [Cow-Calf Corner - The Newsletter, September 6, 2021 — Beef Extension](https://feedsoft.ai/events/45004-cow-calf-corner-the-newsletter-september-6-2021-beef-extension.md) | -4.0% | -2.2% |
| FCATTLE | 2018-04-05 | [Cattle futures extend rally - Brownfield Ag News](https://feedsoft.ai/events/10069-cattle-futures-extend-rally-brownfield-ag-news.md) | +0.6% | +3.1% |

## Sources

- site.extension.uga.edu: https://site.extension.uga.edu/tiftcoag/2020/02/cattle-update-2-3-20/

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