
NPR reports that a herd of nearly 700 cattle crossed from Mexico into Arizona on Monday, the first crossing in more than a year. The move follows a yearlong ban over New World screwworm, which has been found on the Mexican side and earlier in Texas.
US ranchers have voiced concern.
Resumed Mexican feeder cattle imports add supply to a historically small US herd, which is bearish for feeder cattle prices in the near term.
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.
First Mexican cattle crossing in over a year (Aug 25) adds feeder supply expectations, a bearish trade-flow factor for feeders.