
Mexican Agriculture Minister Julio Berdegué said Mexico will push for science-based trade rules in the upcoming USMCA review. He criticized a US compensatory duty on Mexican tomatoes and US restrictions on Mexican cattle linked to New World screwworm.
Restrictions on Mexican cattle exports and trade friction in USMCA could affect U.S. and Mexican livestock markets and bilateral feed trade. The impact on grain prices is modest at this stage.
After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% over 20.
After 14 past neutral trade events, Feeder Cattle moved a median +0.1% over 5 sessions (50% higher; middle half -1.0% to +1.3%), and +1.2% 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.