CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures hit 10-year lows

Coronavirus stokes demand uncertainty

Chicago | Reuters — U.S. cattle futures plunged on Monday to their lowest in nearly a decade, with traders citing uncertainty about what the coronavirus pandemic will mean for long-term demand. Hog futures also were sharply lower, sinking to their lowest since October 2018. All fed cattle contracts and most hog contracts settled down the […] Read more

CME April 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Lean hogs, cattle limit down on coronavirus fears

Chicago | Reuters — U.S. lean hog futures fell their expanded daily limit on Friday on fears that the coronavirus pandemic could curb consumer demand for meat and threaten the workforce at slaughterhouses, traders said. “The germophobia is in full force,” said Don Roose, president of Iowa-based U.S. Commodities. Traders are considering that more widespread […] Read more


It takes a bit of time to understand the supply and demand influences 
on fed cattle.

Back to Economics 101 for feeder cattle

Market Update with Jerry Klassen: Look for key market numbers that help determine prices

I receive many inquiries about the cattle market throughout the year, and in many cases, I realize the producer does not have a good handle on the fundamentals for beef or cattle. Supply-and-demand projections appear to be a foreign subject for many. For example, I’ve received many calls asking why the cattle price has to […] Read more

CME April 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Wall Street leads CME cattle, hogs limit down

'You are developing a demand problem'

Chicago | Reuters — U.S. live cattle and feeder cattle futures plunged their daily limit on Thursday, dragged down by another steep sell-off on Wall Street, fears of a global recession and continued uncertainty about consumer demand for meat, traders said. Chicago Mercantile Exchange April live cattle contract settled down its three-cent limit at 100.075 […] Read more


CME June 2020 live cattle, with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures sag as virus woes fuel recession fears

Bearish market sentiment also drags on hogs

Chicago | Reuters — U.S. live cattle futures fell on Wednesday, with several deferred months setting contract lows as fears of a global recession sent global equity markets tumbling and fueled uncertainty about consumer demand for beef, traders said. “The cattle market really follows what is going on with equities, and equities are down near […] Read more