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CME feeder cattle futures closed higher after the USDA said it would not restrict Mexican cattle imports despite another New World screwworm case. Traders had feared imports might be halted, and hog futures also rose.
The price reaction reflects the risk premium around possible import halts, which would tighten US feeder supplies.
agcanada.comAGCanadaFeb 18, 2025Not enough comparable past events yet for a historical read.
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.
