Investing Videos

June Live Cattle Futures Closed Sharply Lower on Weak Demand. 3/19/26

June live cattle futures closed sharply lower on March 19, wiping out most of the mid‑week rally and underscoring a shallow downtrend that has persisted since mid‑February. Analysts cited rising crude‑oil prices and a softening equity market as headwinds for domestic beef consumption. Higher gasoline costs may divert consumer dollars from the butcher’s counter, while weaker stock portfolios reduce discretionary spending. Export sales fell dramatically to 32,000 metric tons—a marketing‑year low—representing an 87 % drop from the previous week and an 80 % decline versus the four‑week average. The upcoming Cattle‑on‑Feed report is expected to show a 99.3 % year‑over‑year feed ratio, placements near 100.3 %, and marketing at 92.6 %. If demand remains muted, cattle producers could face prolonged price pressure, and related equities may see further downside. Market participants will watch the Friday feed numbers for clues on whether the supply‑demand balance can stabilize the market.