# Cattle, hog futures limit down on fundamental pressure - Brownfield Ag News

> Live and feeder cattle futures closed limit down on April 2, 2020 on follow-through selling, weakening wholesale beef values and a sharp drop in cash cattle trade. April live cattle closed at $92.82 and May feeder cattle at $111.65. Cash live deals were $7 to $8 lower than the prior week's averages.

- Date: 2020-04-02 · published 2020-04-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6600-cattle-hog-futures-limit-down-on-fundamental-pressure-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower wholesale beef values and weaker cash trade reduce packer willingness to pay for cattle, signaling reduced feeder cattle demand and softer cattle-feed demand ahead.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2020-04-06 | 5 | -11.3% | -5.0 | Limit-down close on April 2 on follow-through selling, weaker wholesale beef and cash trade $7-8 lower directly drove the drop. |
| LCATTLE | 2020-04-05 | 5 | -9.3% | -4.3 | Limit-down close on April 2 on follow-through selling, weaker wholesale beef and cash trade $7-8 lower confirm fundamental pressure. |
| LCATTLE | 2020-04-06 | 1 | -6.0% | -4.4 | Limit-down follow-through selling on April 2, with weaker wholesale beef and cash trade $7-8 lower, set up the downward momentum that carried into the April 6 drop. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/cattle-hog-futures-limit-down-on-fundamental-pressure/

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