# Livestock Lowdown: Friday Closing Livestock Market Summary - Backing Off on Saturday Kills

> The January 1 cattle inventory report showed a slight decline in total cattle and a 1% drop in the 2019 calf crop, the first decrease in six years. Live cattle, feeder cattle and lean hog futures all fell over the week, and hog prices were lower on the afternoon report.

- Date: 2020-01-31 · published 2020-01-31T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/6708-livestock-lowdown-friday-closing-livestock-market-summary-backing-off-on
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A smaller cattle inventory supports future cattle prices, but weak futures and hog market declines show that coronavirus worries and supply pressure are still weighing on the complex.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2020-01-31 | 1 | -4.3% | -3.1 | Friday's market summary reports lean hog futures and hog prices falling on the day and week, which is direct sentiment and price pressure on the move date, though it offers little causal detail. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2023-01-27 | [Livestock market outlook overview \| TSLN.com](https://feedsoft.ai/events/37924-livestock-market-outlook-overview-tsln-com.md) | +0.9% | +4.6% |
| LCATTLE | 2024-05-10 | [Weighing market advantages \| Western Livestock Journal](https://feedsoft.ai/events/30401-weighing-market-advantages-western-livestock-journal.md) | +0.9% | +2.5% |
| LCATTLE | 2021-11-24 | [November cattle market update, Cattle on Feed report \| Western Livestock Journal](https://feedsoft.ai/events/12781-november-cattle-market-update-cattle-on-feed-report-western-livestock-journal.md) | +2.1% | +1.7% |
| LCATTLE | 2016-07-27 | [U.S. livestock: CME hog futures biggest one-day loss in seven months - Country Guide](https://feedsoft.ai/events/11075-u-s-livestock-cme-hog-futures-biggest-one-day-loss-in-seven-months-country-guide.md) | +2.1% | +1.0% |
| LCATTLE | 2021-05-21 | [Market Wrap-Up: May 21, 2021 \| Western Livestock Journal](https://feedsoft.ai/events/10276-market-wrap-up-may-21-2021-western-livestock-journal.md) | -0.1% | +1.6% |
| FCATTLE | 2023-01-27 | [Livestock market outlook overview \| TSLN.com](https://feedsoft.ai/events/37924-livestock-market-outlook-overview-tsln-com.md) | +3.5% | +5.3% |
| FCATTLE | 2024-05-10 | [Weighing market advantages \| Western Livestock Journal](https://feedsoft.ai/events/30401-weighing-market-advantages-western-livestock-journal.md) | +2.6% | +6.8% |
| FCATTLE | 2021-11-24 | [November cattle market update, Cattle on Feed report \| Western Livestock Journal](https://feedsoft.ai/events/12781-november-cattle-market-update-cattle-on-feed-report-western-livestock-journal.md) | +0.9% | -1.6% |

## Sources

- keyaglivestocklowdown.blogspot.com: http://keyaglivestocklowdown.blogspot.com/2020/01/friday-closing-livestock-market-summary_31.html

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