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Pro Farmer reports live and feeder cattle futures fell the daily limit on October 24 after Mexico's president said her agriculture minister would meet USDA Secretary Rollins in Washington about reopening the border to feeder cattle imports. The administration also announced plans to quadruple tariff-free Argentine beef quota to 80,000 metric tons.
Prospective reopening of Mexican feeder cattle imports and expanded beef imports add supply expectations that pressure feeder cattle prices, with knock-on effects for feed demand.
profarmer.comBill WattsOct 24, 2025After 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.
Live and feeder cattle fell the daily limit on Oct 24 on fears of Mexican border reopening and a quadrupled Argentine beef quota, a direct driver within the 5-day window.
Pro Farmer confirms the Oct 24 limit-down drop on border-reopening fears plus the plan to quadruple tariff-free Argentine beef quota, a supply and sentiment shock.
