
CME feeder cattle futures extended gains after Mexico confirmed a New World screwworm case less than 70 miles from the US border. The October feeder contract rose to its highest level in three weeks, and the US has kept Mexican livestock imports barred.
The screwworm detection tightens US feeder cattle supplies by keeping Mexican imports blocked, supporting feeder and live cattle prices.
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.
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.
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.