# Marketline Report for Monday, October 19th - AG INFORMATION NETWORK OF THE WEST

> Live cattle futures fell sharply on October 19, 2020, with October live cattle down $.62 1/2 to 107.15 and feeders down $.82 1/2 to 138.10. Traders cited growing concern that COVID-19 would delay economic reopening, and the market had dropped about $5 over the prior week.

- Date: 2020-10-19 · published 2020-10-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8109-marketline-report-for-monday-october-19th-ag-information-network-of-the-west
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Lower futures reduce the value of cattle that feeders are buying and selling, which weakens feeder margins and cuts demand for feed grains and byproducts.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2020-10-19 | 1 | -1.8% | -4.0 | Reports the Oct 19 decline and cites COVID-19 reopening concerns as a sentiment driver, though its quoted prices appear to be from the prior session's close. |

## Sources

- aginfo.net: https://www.aginfo.net/report/47516/Marketline-Report-for-Monday-October-19th

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