Livestock Roundup

Live Cattle (April)

Outside markets continued to selloff and that put pressure on the cattle complex. April live cattle continued to roll over today, accelerating in the final hour of trade, taking us to levels not seen since we recovered from the TYSON fire in September. Fears of a coronavirus outbreak in the US are a real concern as it seems to be a matter of when, not if. To some extent, this is being priced into the markets. The effort to get a vaccine to market is valiant, but even at lightning speed, medical professionals estimate that could be a year away. The Cash trade started to pick up this afternoon with the bulk of it coming in at 115 in the South. Tomorrow’s Fed Cattle Exchange has 755 listed.