USDA Secretary Rollins ordered a closure of livestock trade through southern US ports of entry after SENASICA reported a new New World Screwworm case in Veracruz, about 370 miles from the US border. The move pauses the planned phased reopening of five ports scheduled for July 7 to September 15.
Mexican feeder and live cattle imports stay blocked, which tightens US feeder supply already at historic lows and supports cattle prices.
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.
USDA's closure of southern ports to Mexican feeder cattle over screwworm tightens US feeder supply, which is bullish for cattle prices.