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Chicago cattle contracts rose on Monday as the US threatened to block Mexican cattle imports over screwworm. Live cattle and feeder futures gained, and boxed beef spiked, before the US and Mexico announced an agreement later that day.
Import-restriction fears lifted cattle futures, but the later agreement limits the upside and points to ongoing sensitivity to Mexican supply.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.