# Cattle, hog futures drop on broader market pressure - Brownfield Ag News

> 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.

- Date: 2020-03-13 · published 2020-03-13T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/9940-cattle-hog-futures-drop-on-broader-market-pressure-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

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.

## Read by commodity

- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2020-03-12 | 1 | -4.9% | -3.5 | 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. |
| FCATTLE | 2020-03-15 | 5 | -15.1% | -7.8 | Live and feeder futures closed limit down on March 12 on broader market pressure tied to coronavirus, adding to the weekly drop. |
| LCATTLE | 2020-03-15 | 5 | -6.7% | -3.7 | Live and feeder futures closed limit down March 12 on broader market pressure and coronavirus concerns, with lower cash trade. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/cattle-hog-futures-drop-on-broader-market-pressure/

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