Feeder cattle futures fell 0.18% to 346.12 cents per pound on Thursday, leaving the market flat on the week. Coverage links the reopening of the border to Mexican cattle supply changes.
Reopening the border to feeder cattle imports adds supply to the US feeder market, which pressures feeder futures. Packers face lower input costs as feeder prices soften.
After 87 past bearish trade events, FCATTLE moved a median +0.4% over 5 sessions (54% higher; middle half -3.2% to +1.9%), and +1.1% over 20.
After 65 past neutral trade events, LCATTLE moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% 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.