
AgroLatam reports that Chicago cattle futures fell sharply on August 24 after USDA began a phased reopening to Mexican cattle imports. USDA Secretary Brooke Rollins said two New Mexico ports should reopen within 60 days, while Texas ports remain closed.
The reopening adds feeder supply, pushing feeder and live cattle futures lower, while phased port timing limits the size of the near-term supply increase.
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.
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.
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.