
The Los Angeles Times reports that Mexico is resuming cattle exports to the US while US herds are at their lowest count in 75 years, with a shortfall of about 1.2 million cows. Screwworm controls and herd rebuilding are slowing recovery, contributing to a surge in beef prices.
A shrinking cow herd limits beef supply, so prices are likely to stay elevated even as imports resume, with the import flow only partly offsetting the shortage.
After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% 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.