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Cattle futures rallied early in the week after a slightly bullish Cattle on Feed report, then fell back on fears that Agriculture Secretary Rollins would signal a Mexican cattle border reopening. Slaughter rebounded to its second-highest level of the month despite heavy packer purchases.
Speculation over reopening the Mexican border to cattle imports is the main downside risk to feeder prices. Traders are reacting to policy headlines rather than fundamentals.
feedlotmagazine.comElanco Animal HealthApr 27, 2026After 30 past bearish policy events, Live Cattle moved a median -0.8% over 5 sessions (43% higher; middle half -2.0% to +1.1%), and +0.9% over 20.
After 24 past bearish policy events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -3.3% 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.
