
Live and feeder cattle futures climbed to contract highs on strong cash prices and tight supplies, with August feeder cattle up 5% for the week. USDA also halted Mexican cattle imports again to keep out New World screwworm and cut its 2025 beef production estimate by 0.6%.
Import halts and lower beef output tighten cattle supplies, supporting cattle prices and reducing feedlot demand for feed inputs.
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.
Live and feeder cattle futures hit contract highs on tight supplies, strong cash prices, the renewed Mexican import halt and a lower USDA beef production estimate, which sets up the momentum behind the 7/14 move.