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NDSU's Tim Petry explains that CME live and feeder cattle futures have been volatile in 2026 after record-high prices in the first half. Drivers include drought-driven herd liquidation, record retail beef prices, Iran war energy effects, and Mexican border cattle import policy.
Elevated volatility reflects uncertainty over future beef supply and import policy, which widens risk for feeder buyers hedging cattle costs.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.