
Mexican Agriculture Secretary Julio Berdegué said Mexico's cattle industry is ready to resume exports to the US. The USDA has not said when it will reopen the border.
A reopening would add feeder cattle supply to a very tight US market, which would weigh on feeder and live cattle prices once shipments resume.
After 87 past bearish trade events, Feeder Cattle moved a median +0.4% over 5 sessions (54% higher; middle half -3.2% to +1.9%), and +1.1% over 20.
After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% 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.