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April live cattle futures hit a five-week low and closed at a bearish weekly and monthly low. The US-Iran war has rattled global markets and increased risk aversion.
The analyst flags $231 as chart support and $210 as a downside target.
Risk aversion and reduced consumer confidence may cut demand for higher-priced beef, weighing on cattle futures. Technical breakdown adds selling pressure.
barchart.comJim WyckoffMar 2, 2026After 14 past geopolitics events, Live Cattle moved a median -0.5% over 5 sessions (21% higher; middle half -1.3% to -0.0%), and +0.2% over 20.
After 10 past bearish geopolitics events, Feeder Cattle moved a median +0.1% over 5 sessions (60% higher; middle half -1.9% to +2.8%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Links the US-Iran war to risk aversion and a weekly/monthly bearish close in live cattle, a sentiment channel that contributed to the selloff.
