A panel of cattle analysts at the US Meat Export Federation meeting discussed the effects of the Mexican cattle import closure and screwworm concerns. They said many impacts are already happening, including feedlot closures and operational changes on both sides of the border.
The longer the closure lasts, the more permanent the changes could become.
A prolonged loss of Mexican feeder cattle reduces US feeder supply, supporting feeder cattle prices and boosting demand for domestic animals.
After 78 past bullish trade events, LCATTLE moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% over 20.
After 47 past bullish trade events, FCATTLE moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% 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.