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A border crossing reopens under tighter screwworm checks, according to the Los Angeles Times. The screwworm is a fly larva that burrows into livestock, pets and people, and containment has cut off a source of cattle to the US.
Reopening restores some Mexican feeder supply to US markets, which is modestly bearish for cattle prices. Tighter checks may limit how much volume actually arrives.
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.