# COVID-19 turns cattle markets inside out | Capital Press

> Cattle futures and cash prices have swung sharply since February as COVID-19 spread, with June fed cattle futures falling from $112 to $80 before rebounding to $84. Packing plants have faced temporary closures from infected workers and staff staying home, and cash feeder prices rebounded to $155 after a March low of $134.

- Date: 2020-04-07 · published 2020-04-07T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/6446-covid-19-turns-cattle-markets-inside-out-capital-press
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Packing plant closures reduce slaughter capacity, which can push fed cattle prices down and slow the flow of animals through feedlots. Rebounding feeder prices and herd expansion plans point to uncertain future cattle numbers and feed demand.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Sources

- capitalpress.com: https://capitalpress.com/2020/04/07/covid-19-turns-cattle-markets-inside-out/

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