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Live and feeder cattle futures fell sharply in late March, with CME June live cattle down 4.125 cents to 89.425 cents per pound. The nearby April live cattle contract dropped the 4.5-cent daily limit to 100.950 cents.
Lower cattle futures reduce the value of finished animals and feeder cattle, which can weaken demand for feed grains and byproducts used in cattle rations. Lean hog futures moving in the same direction suggests broad livestock weakness.
reuters.comJulie IngwersenMar 27, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Reports live and feeder cattle futures diving in late March with April live cattle limit-down, closely matching the sharp one-day feeder decline ending March 26-27 on COVID-driven demand fears.
