# Cattle Market Update – March 23, 2020 | Ohio BEEF Cattle Letter

> Feeder cattle markets fell sharply, with 850 lb steer prices down nearly $22/cwt over two weeks and 550 lb steer prices down $15 in Kentucky. Boxed beef values rose as consumers stocked up on retail meat during the pandemic. Kenny Burdine says the market views the retail surge as short-term and expects future purchases to fall as inventories are consumed.

- Date: 2020-03-23 · published 2020-03-23T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/7967-cattle-market-update-march-23-2020-ohio-beef-cattle-letter
- Commodities: [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Steep feeder cattle declines reduce producer returns and placements, pressuring feedlot demand for feed grains and by-products, while the expected post-stockpiling drop in retail demand adds downside risk.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2020-03-23 | 1 | +2.7% | 3.2 | Rising boxed beef values from pandemic retail demand supported fed cattle futures on the day, though weak feeder cash markets and expectations of fading demand tempered this. |

## Sources

- u.osu.edu: https://u.osu.edu/beef/2020/03/25/weekly-market-report-march-23-2020/

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