# Live cattle, hogs sharply lower heading into Friday - Brownfield Ag News

> Live cattle closed sharply lower after a weaker-than-expected export sales report, with June live cattle down $2.20 and August down $3.82. Feeder cattle were mixed, and sharply lower corn limited losses. Cash cattle trade was quiet with scattered deals reported.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/6260-live-cattle-hogs-sharply-lower-heading-into-friday-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weak export sales signal softer US beef demand, pressuring live cattle prices. Lower corn helps feedlot margins but cattle price direction is down.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2021-06-21 | 1 | +2.0% | 3.4 | Sharp June 17 drop in live cattle after weak export sales set up an oversold market, making the June 21 move plausibly a bounce. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2017-02-24 | [Feeder cattle futures were sharply lower - Brownfield Ag News](https://feedsoft.ai/events/8680-feeder-cattle-futures-were-sharply-lower-brownfield-ag-news.md) | -0.9% | +3.2% |
| LCATTLE | 2020-02-12 | [Cattle, hog futures lower following USDA report - Brownfield Ag News](https://feedsoft.ai/events/54713-cattle-hog-futures-lower-following-usda-report-brownfield-ag-news.md) | +0.1% | -9.0% |
| LCATTLE | 2021-09-27 | [Cattle, hog futures react to Friday's USDA reports - Brownfield Ag News](https://feedsoft.ai/events/45189-cattle-hog-futures-react-to-friday-s-usda-reports-brownfield-ag-news.md) | -1.1% | +0.5% |
| LCATTLE | 2020-06-27 | [Hog futures lower following Hogs and Pigs report - Brownfield Ag News](https://feedsoft.ai/events/52770-hog-futures-lower-following-hogs-and-pigs-report-brownfield-ag-news.md) | -0.2% | +1.2% |
| LCATTLE | 2017-07-24 | [Cattle futures hit hard by on feed, inventory numbers - Brownfield Ag News](https://feedsoft.ai/events/70086-cattle-futures-hit-hard-by-on-feed-inventory-numbers-brownfield-ag-news.md) | -1.6% | -6.2% |
| FCATTLE | 2017-02-24 | [Feeder cattle futures were sharply lower - Brownfield Ag News](https://feedsoft.ai/events/8680-feeder-cattle-futures-were-sharply-lower-brownfield-ag-news.md) | -1.4% | +6.8% |
| FCATTLE | 2020-02-12 | [Cattle, hog futures lower following USDA report - Brownfield Ag News](https://feedsoft.ai/events/54713-cattle-hog-futures-lower-following-usda-report-brownfield-ag-news.md) | +4.5% | -8.4% |
| FCATTLE | 2021-09-27 | [Cattle, hog futures react to Friday's USDA reports - Brownfield Ag News](https://feedsoft.ai/events/45189-cattle-hog-futures-react-to-friday-s-usda-reports-brownfield-ag-news.md) | -1.2% | +0.5% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/live-cattle-hogs-sharply-lower-heading-into-friday/

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