
Agriculture Secretary Brooke Rollins said the US is not yet ready to lift its ban on Mexican cattle imports over New World screwworm, which has been spreading north through Mexico. She said she is not yet comfortable reopening the border.
With the border closed, feeder cattle supply stays tight, which supports cattle prices. Any reopening would add supply and pressure prices lower.
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.