
A new New World screwworm case was confirmed in Tamaulipas, Mexico, about 197 miles from the U.S. border. The U.S. border remains closed to Mexican cattle, and calving season raises the risk of infestation.
FAPRI's Seth Meyer discusses when the border might reopen.
Closed imports keep feeder cattle supply tight, and any spread of the pest north would raise the risk of further restrictions and support cattle prices.
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.
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.
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.