
Live and feeder cattle futures closed sharply higher on short supplies, with October live cattle up $3.57 to $237.15 and October feeders up $7.25 to $361.35. Oklahoma feeder calf and yearling prices rose sharply, and a New World screwworm case reported 70 miles from the US border added to supply concerns.
Tight cattle supplies and the screwworm threat near the border support higher 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.