Equities and futures markets plunged deeper Thursday amid a growing list of event cancellations, altered business schedules and continued widespread panic related to coronavirus and its impact on the domestic and global economies.
Except for $2.97 lower in the back two contracts, Live Cattle futures closed limit-down $3.00.
Feeder Cattle futures closed limit-down $4.50 across the board.
Wholesale beef values were lower on Choice and higher on Select with light to moderate demand and moderate to heavy offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was $1.16 lower Thursday afternoon at $206.01/cwt. Select was $1.39 higher at $197.88.
Corn futures closed mostly 3¢ to 6¢ lower.
Soybean futures closed mostly 10¢ to 14¢ lower.