
CME cattle futures rallied after two new New World screwworm cases were reported in Mexico in two days. February live cattle settled at 236 cents per pound, the highest since October.
The U.S. border remains closed to Mexican cattle, and analysts expect feeder supplies to stay tight.
Continued disease spread keeps the Mexican border closed, which tightens U.S. feeder and fed cattle supplies and supports prices.
After 148 past bullish disease events, LCATTLE 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, FCATTLE 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.