# Cattle market shaken by COVID-19

> Analysis describes live cattle futures weakening amid fears that the coronavirus will spread and reduce beef demand. Feeder cattle, lean hogs, corn and soybeans also declined.

- Date: 2020-01-01 · published 2020-01-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/55236-cattle-market-shaken-by-covid-19
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected weaker beef and pork demand from the outbreak pressures livestock prices and adds volatility to feed grain markets.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2018-02-05 | [Place your bet on fed cattle market](https://feedsoft.ai/events/66625-place-your-bet-on-fed-cattle-market.md) | -0.3% | -1.3% |
| LCATTLE | 2020-04-30 | [Estimating COVID-19 effects on the cattle markets - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/53773-estimating-covid-19-effects-on-the-cattle-markets-progressive-cattle-ag-proud.md) | +3.2% | +19.4% |
| 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% |
| LCATTLE | 2018-03-26 | [Mixed macroeconomic signals shake cattle markets -  \| Ag Proud](https://feedsoft.ai/events/66136-mixed-macroeconomic-signals-shake-cattle-markets-ag-proud.md) | -4.3% | -0.1% |
| LCATTLE | 2022-09-30 | [When the Cattle Market's Fundamentals Are Overshadowed by Technical Chaos](https://feedsoft.ai/events/39717-when-the-cattle-market-s-fundamentals-are-overshadowed-by-technical-chaos.md) | +0.4% | +4.3% |
| HOGS | 2020-04-21 | [COVID-19 infects nearly all commodity prices \| Capital Press](https://feedsoft.ai/events/6503-covid-19-infects-nearly-all-commodity-prices-capital-press.md) | +22.7% | +39.4% |
| HOGS | 2020-07-31 | [COVID-19 Disruptions in the U.S. Meat Supply Chain
        
        
        
        - Federal Reserve Bank of Kansas City](https://feedsoft.ai/events/52237-covid-19-disruptions-in-the-u-s-meat-supply-chain-federal-reserve-bank-of.md) | -1.7% | +6.3% |
| HOGS | 2026-03-04 | [China pork market: production up, imports down \| AHDB](https://feedsoft.ai/events/20147-china-pork-market-production-up-imports-down-ahdb.md) | +0.8% | -2.6% |

## Sources

- lib.dr.iastate.edu: https://lib.dr.iastate.edu/econ_las_pubs/749

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