
Cattle futures fell sharply on Monday after new US tariff announcements and news about Mexican cattle imports. The January cattle inventory report had shown continued declines in beef cows and replacement heifers.
Tariffs threaten beef exports and the reopening of Mexican feeder cattle imports adds supply, both of which pressure cattle prices despite tight US herd numbers.
After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
After 87 past bearish trade events, Feeder Cattle moved a median +0.4% over 5 sessions (54% higher; middle half -3.2% to +1.9%), and +1.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.