
US farmers face further price declines in crops and livestock as the coronavirus pandemic disrupts markets. Farm groups are lobbying the Trump administration for financial aid and timely visas for seasonal Mexican farmworkers ahead of the April planting season.
Farmers say the virus has stopped their markets and added to earlier losses from the trade war, flooding and heat.
Lower crop and livestock prices reduce farm income and may slow input purchases, while labor shortages could affect planted acreage and future feed grain supply.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 50 past bearish disease events, Soybeans moved a median +0.5% over 5 sessions (58% higher; middle half -1.7% to +2.4%), and +0.0% over 20.
After 70 past bearish disease events, Live Cattle moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.0%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.