# Cattle and Grains See Risk Off Selling on Iran Conflict: Have Cattle Topped? - Farm Journal

> Cattle and grain futures traded lower early Monday as risk-off selling spread after the US and Israel attacked Iran over the weekend. Energy prices rose and the dollar strengthened. Cattle futures were recovering somewhat as stock markets improved.

- Date: 2026-03-02 · published 2026-03-02T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5731-cattle-and-grains-see-risk-off-selling-on-iran-conflict-have-cattle-topped-farm
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Macro risk aversion and a stronger dollar typically weigh on commodity futures, while higher energy costs can affect feed and transport. The analyst expects the conflict to be bullish for cattle only if it fades quickly.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2026-03-02 | 1 | +0.7% | 3.3 | Confirms dollar strength and risk-off selling on 2026-03-02 following the weekend attack on Iran, though the focus is on cattle and grains. |
| LCATTLE | 2026-03-02 | 1 | -3.1% | -5.9 | Weekend US/Israel strikes on Iran triggered risk-off selling and a stronger dollar that pressured cattle futures early Monday. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2026-03-09 | [Grains Retreat Following Energies, See Farmer Selling: Cattle Plunge - AgWeb](https://feedsoft.ai/events/10387-grains-retreat-following-energies-see-farmer-selling-cattle-plunge-agweb.md) | -1.4% | +3.3% |
| LCATTLE | 2026-03-02 | [The U.S.-Iran War Has Hit Cattle. How Much Lower Will Prices Go?](https://feedsoft.ai/events/5732-the-u-s-iran-war-has-hit-cattle-how-much-lower-will-prices-go.md) | -2.8% | -3.5% |
| LCATTLE | 2022-03-09 | [Cattle Input Prices Surge \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/42434-cattle-input-prices-surge-ohio-beef-cattle-letter.md) | -0.2% | -1.3% |
| LCATTLE | 2020-03-09 | [U.S. livestock: Cattle futures dive, led by energy, equity markets - AgCanada](https://feedsoft.ai/events/5176-u-s-livestock-cattle-futures-dive-led-by-energy-equity-markets-agcanada.md) | -5.6% | -6.9% |
| LCATTLE | 2023-07-24 | [After the Bell \| July 24, 2023 - Pro Farmer](https://feedsoft.ai/events/11935-after-the-bell-july-24-2023-pro-farmer.md) | -0.0% | +0.0% |
| FCATTLE | 2026-03-02 | [The U.S.-Iran War Has Hit Cattle. How Much Lower Will Prices Go?](https://feedsoft.ai/events/5732-the-u-s-iran-war-has-hit-cattle-how-much-lower-will-prices-go.md) | +0.1% | +1.7% |
| FCATTLE | 2022-11-15 | [CME feeder cattle approach one-month low as corn jumps \| Financial Post](https://feedsoft.ai/events/7174-cme-feeder-cattle-approach-one-month-low-as-corn-jumps-financial-post.md) | +3.2% | +4.1% |
| FCATTLE | 2022-03-28 | [Cattle market frustrates, but fundamentals are better this spring – The Seam](https://feedsoft.ai/events/7631-cattle-market-frustrates-but-fundamentals-are-better-this-spring-the-seam.md) | +3.3% | +0.1% |

## Sources

- farmjournal.farm-journal.production.k1.m1.brightspot.cloud: https://farmjournal.farm-journal.production.k1.m1.brightspot.cloud/cattle-and-grains-see-risk-selling-iran-conflict-have-cattle-topped

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