# Market Closes - August 13, 2019 - Kentucky Farm Bureau

> Corn futures closed sharply lower for a second day after the USDA crop report and a non-threatening weather forecast. Soybean futures rallied on a friendly production forecast and on reports that US-China trade talks were continuing. Cattle futures closed sharply lower to new contract lows after the Kansas plant fire reduced harvest capacity.

- Date: 2019-08-13 · published 2019-08-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7610-market-closes-august-13-2019-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Corn is pressured by ample supply and fund liquidation, which lowers feed costs. Soybeans gained on supply expectations and trade news, which may support meal prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2019-08-15 | 5 | -4.4% | -3.7 | Cattle futures closed sharply lower to new contract lows because the plant fire cut harvest capacity. |
| FCATTLE | 2019-08-12 | 5 | -8.5% | -4.6 | Cattle futures closed at new contract lows because the fire cut harvest capacity, and falling corn added to the pressure. This confirms the sentiment-driven selloff. |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-august-13-2019/

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