# Livestock Markets Strong, Grains Flat, Says CattleFax

> CattleFax says African swine fever has cut China's hog herd by about half, prompting global pork expansion, including about 18% growth in US pork. It forecasts fed steer prices averaging $120 per cwt in 2020 and expects grain markets to be weaker.

- Date: 2020-02-07 · published 2020-02-07T12:00:00.000Z
- Category: disease · region Global · magnitude medium
- Page: https://feedsoft.ai/events/54716-livestock-markets-strong-grains-flat-says-cattlefax
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong global protein demand from ASF-driven pork shortages supports cattle and meat prices, while softer grain expectations help feedlot margins and feed costs.

## Read by commodity

- CORN: bearish ▼
- HOGS: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2024-03-25 | [US finds first screwworm livestock case since 1976 \| Latest Market News](https://feedsoft.ai/events/31163-us-finds-first-screwworm-livestock-case-since-1976-latest-market-news.md) | -1.8% | -2.3% |
| LCATTLE | 2024-11-29 | [U.S. livestock: Feeder cattle hit highest levels since July](https://feedsoft.ai/events/27555-u-s-livestock-feeder-cattle-hit-highest-levels-since-july.md) | +0.7% | +3.7% |
| LCATTLE | 2026-07-01 | [Cattle market update: Screwworm, drought and strong beef prices](https://feedsoft.ai/events/18951-cattle-market-update-screwworm-drought-and-strong-beef-prices.md) | -4.9% | -11.4% |
| LCATTLE | 2025-03-28 | [A cattle industry update from northern Mexico  \| Western Livestock Journal](https://feedsoft.ai/events/25520-a-cattle-industry-update-from-northern-mexico-western-livestock-journal.md) | -0.5% | +0.8% |
| LCATTLE | 2025-12-22 | [NWS Causes Threat to US Livestock Industry](https://feedsoft.ai/events/21458-nws-causes-threat-to-us-livestock-industry.md) | -0.1% | +1.4% |
| HOGS | 2018-10-29 | [Livestock Lowdown: Monday Midday Livestock Market Summary - Cattle Futures Giving Back Gains](https://feedsoft.ai/events/10112-livestock-lowdown-monday-midday-livestock-market-summary-cattle-futures-giving.md) | -0.1% | -4.8% |
| HOGS | 2020-02-20 | [U.S. livestock: Hogs weaken on profit taking, cattle mixed - Manitoba Co-operator](https://feedsoft.ai/events/12066-u-s-livestock-hogs-weaken-on-profit-taking-cattle-mixed-manitoba-co-operator.md) | -1.3% | -4.9% |
| HOGS | 2018-08-27 | [Fever or trade talk briefly ignite U.S. hog market \| Western Livestock Journal](https://feedsoft.ai/events/63676-fever-or-trade-talk-briefly-ignite-u-s-hog-market-western-livestock-journal.md) | -3.6% | +17.2% |

## Sources

- agriculture.com: https://www.agriculture.com/news/livestock/livestock-markets-strong-grains-flat-says-cattlefax

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