USDA Secretary Rollins sent a letter to Mexico demanding removal of restrictions on USDA aircraft and customs duties on eradication equipment. She warned that USDA would restrict imports of live cattle, bison and equine from Mexico if the issues were not resolved by April 30.
The threatened import halt would cut a significant share of feeder cattle supply, creating upside risk for cattle prices until the dispute is settled.
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.