# Cattle markets are on a coronavirus roller coaster - High Plains Journal

> Oklahoma State livestock marketing specialist Derrell Peel says the cattle market has swung sharply during the coronavirus pandemic, with live cattle and boxed beef both affected. He calls it a unique, prolonged shock unlike past single-event disruptions such as BSE or the Cargill fire. He says the U.S. is likely in a recession and the macro fallout will follow once the pandemic subsides.

- Date: 2020-04-03 · published 2020-04-03T12:00:00.000Z
- Category: disease · region US · magnitude medium
- Page: https://feedsoft.ai/events/7267-cattle-markets-are-on-a-coronavirus-roller-coaster-high-plains-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Demand shock from pandemic-driven foodservice closures and recession fears pressures fed cattle and boxed beef values, with uncertainty over the duration of the outbreak keeping price volatility high for feeder buyers.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-06 | [Analyst: Cattle markets roiled by the coronavirus](https://feedsoft.ai/events/5172-analyst-cattle-markets-roiled-by-the-coronavirus.md) | -4.7% | -5.8% |
| LCATTLE | 2020-03-02 | [Markets fall apart on virus fear \| Western Livestock Journal](https://feedsoft.ai/events/5308-markets-fall-apart-on-virus-fear-western-livestock-journal.md) | -5.1% | -9.3% |
| LCATTLE | 2020-03-25 | [Cattle producers face price declines amid coronavirus pandemic](https://feedsoft.ai/events/7962-cattle-producers-face-price-declines-amid-coronavirus-pandemic.md) | +2.1% | -11.7% |
| LCATTLE | 2020-01-29 | [China’s coronavirus outbreak will impact beef and cattle trade - Beef Central](https://feedsoft.ai/events/55036-china-s-coronavirus-outbreak-will-impact-beef-and-cattle-trade-beef-central.md) | -1.1% | -4.8% |
| LCATTLE | 2019-09-05 | [Kay’s Cuts: Abattoir fire strikes at heart of US cattle market - Beef Central](https://feedsoft.ai/events/6591-kay-s-cuts-abattoir-fire-strikes-at-heart-of-us-cattle-market-beef-central.md) | -2.1% | +3.2% |
| FCATTLE | 2020-03-06 | [Analyst: Cattle markets roiled by the coronavirus](https://feedsoft.ai/events/5172-analyst-cattle-markets-roiled-by-the-coronavirus.md) | -11.1% | -17.2% |
| FCATTLE | 2020-03-02 | [Markets fall apart on virus fear \| Western Livestock Journal](https://feedsoft.ai/events/5308-markets-fall-apart-on-virus-fear-western-livestock-journal.md) | -0.4% | -8.1% |
| FCATTLE | 2020-03-25 | [Cattle producers face price declines amid coronavirus pandemic](https://feedsoft.ai/events/7962-cattle-producers-face-price-declines-amid-coronavirus-pandemic.md) | -6.4% | -9.0% |

## Sources

- hpj.com: https://hpj.com/2020/04/03/cattle-markets-are-on-a-coronavirus-roller-coaster/

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