
The USDA announced on Monday a phased reopening of cattle, bison and equine imports from Mexico after a prolonged closure over screwworm. Arizona's Douglas port was named the lowest-risk entry point.
The reopening is set to start as early as July 7.
Restored Mexican cattle flows would increase feeder supplies in the U.S., weighing on feeder cattle prices while the herd remains near multi-decade lows.
Tras 87 eventos bajista de comercio pasados, Ganado de engorde (feeder) se movió una mediana de +0,4 % en 5 sesiones (54% al alza; mitad central entre -3,2 % y +1,9 %), y +1,1 % en 20.
Tras 121 eventos bajista de comercio pasados, Ganado en pie se movió una mediana de -0,6 % en 5 sesiones (40% al alza; mitad central entre -1,6 % y +0,8 %), y -0,3 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
The June 30 USDA announcement of a phased reopening of Mexican cattle imports from July 7 raised expected feeder supplies, a bearish shock that pressured cattle futures.
Reuters coverage of the same June 30 reopening announcement points to renewed Mexican cattle supply and bearish sentiment.