# Possible Support for June Live Cattle?

> June live cattle fell $8.57 to $80.85 in the week ending April 3, a new contract low, as COVID-19 concerns continued to weigh on prices. August feeder cattle dropped $12.67 to $114.42, also a new contract low, while choice boxed beef held near $230.

- Date: 2020-04-06 · published 2020-04-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6445-possible-support-for-june-live-cattle
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Contract lows in live and feeder cattle signal reduced cattle values and weaker feedlot margins, which can cut feed purchases. Firm boxed beef prices suggest the selloff is concentrated in live animals rather than retail-level beef demand.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2020-04-05 | 5 | -9.3% | -4.3 | June live cattle fell $8.57 to a contract low in the week ending April 3, matching the size of the move. |
| LCATTLE | 2020-04-06 | 5 | -11.3% | -5.0 | June live cattle fell $8.57 to a contract low in the week ending April 3, matching the magnitude of the move. |
| LCATTLE | 2020-04-06 | 1 | -6.0% | -4.4 | June live cattle hit new contract lows in the week ending April 3 amid COVID-19 concerns, showing the technical and sentiment pressure behind the April 6 selloff. |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/technically-speaking/blog-post/2020/04/06/possible-support-june-live-cattle

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