# The big picture scares cattle markets

> Oklahoma State extension economist Derrell Peel says the biggest threat to cattle markets is a turbulent macroeconomic environment, citing Federal Reserve rate hikes and trade uncertainty. Cash cattle prices recently dropped sharply, though beef production and demand are up year over year.

- Date: 2018-03-27 · published 2018-03-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/66132-the-big-picture-scares-cattle-markets
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rate hikes, tax-reform stimulus and trade tensions raise volatility for cattle and feed-linked markets, with cash and feeder prices already softening on weaker futures.

## Read by commodity

- DXY: neutral
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-01-01 | [Cattle market shaken by COVID-19](https://feedsoft.ai/events/55236-cattle-market-shaken-by-covid-19.md) | +1.5% | -0.4% |
| LCATTLE | 2017-01-03 | [A new year for cattle markets -  \| Ag Proud](https://feedsoft.ai/events/73127-a-new-year-for-cattle-markets-ag-proud.md) | -0.9% | +0.4% |
| LCATTLE | 2022-09-23 | [Cattle, hog futures sag on macroeconomic concerns - CME
						 \| The Pig Site](https://feedsoft.ai/events/39718-cattle-hog-futures-sag-on-macroeconomic-concerns-cme-the-pig-site.md) | +0.4% | +3.0% |
| LCATTLE | 2018-08-22 | [Cattle Market Overriding Themes \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/63656-cattle-market-overriding-themes-ohio-beef-cattle-letter.md) | -1.1% | +2.1% |
| LCATTLE | 2020-02-26 | [Cattle Markets Experience Losses Amid Coronavirus Fears
						 \| The Cattle Site](https://feedsoft.ai/events/12060-cattle-markets-experience-losses-amid-coronavirus-fears-the-cattle-site.md) | -4.2% | -8.0% |
| FCATTLE | 2017-01-03 | [A new year for cattle markets -  \| Ag Proud](https://feedsoft.ai/events/73127-a-new-year-for-cattle-markets-ag-proud.md) | -0.9% | -5.9% |
| FCATTLE | 2022-09-23 | [Cattle, hog futures sag on macroeconomic concerns - CME
						 \| The Pig Site](https://feedsoft.ai/events/39718-cattle-hog-futures-sag-on-macroeconomic-concerns-cme-the-pig-site.md) | -1.2% | -1.5% |
| FCATTLE | 2018-08-22 | [Cattle Market Overriding Themes \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/63656-cattle-market-overriding-themes-ohio-beef-cattle-letter.md) | +0.1% | +4.3% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/the-big-picture-scares-cattle-markets

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