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Live and feeder cattle futures closed limit down at the CME on March 12, 2020 amid broader market pressure tied to coronavirus concerns. Cash cattle trade wrapped up lower, with live deals at $110 and dressed deals around $175, and Choice boxed beef closed $1.16 lower at $206.01.
Sharp futures declines and lower cash fed cattle prices reduce feeder and finished cattle values, lowering the incentive for feedyards to buy feeder cattle and pressuring demand for feed grains and byproducts.
brownfieldagnews.comMeghan GrebnerMar 13, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Reports live and feeder cattle futures closing limit down on March 12 amid coronavirus-driven broader market pressure, with lower cash trade confirming the selloff.
Live and feeder futures closed limit down on March 12 on broader market pressure tied to coronavirus, adding to the weekly drop.
Live and feeder futures closed limit down March 12 on broader market pressure and coronavirus concerns, with lower cash trade.
