
Markets stayed uncertain after USDA Secretary Rollins cancelled a planned visit to the Douglas, Arizona border crossing, leaving the timing of a phased border reopening for Mexican cattle unclear. New World Screwworm was confirmed in Nuevo León about 60 miles from the US border, and weekly cases keep rising.
Continued closure of the Mexican feeder cattle supply keeps feeder supply short, while the spread of screwworm toward the border raises the risk of further disruption.
After 122 past bullish disease events, Feeder Cattle moved a median +0.4% over 5 sessions (60% higher; middle half -1.0% to +1.6%), and +2.0% over 20.
After 148 past bullish disease events, Live Cattle moved a median +0.4% over 5 sessions (62% higher; middle half -0.5% to +1.2%), and +1.4% 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.
Screwworm confirmed in Nuevo León about 60 miles from the border and uncertainty over reopening the border to Mexican feeders sustain supply-tightness sentiment, supporting live cattle prices going into May 4.