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Outgoing USDA Secretary Tom Vilsack sent a letter to Mexico's agriculture secretary acknowledging progress on reopening cattle trade after New World screwworm detection. He said more action, particularly approval of pre-export inspection facilities, is needed before trade resumes.
Continued delay in reopening keeps Mexican feeder supply off the US market, leaving feeder cattle prices supported.
drovers.comJan 19, 2025After 10 past bullish policy events, Feeder Cattle moved a median +0.4% over 5 sessions (60% higher; middle half -0.9% to +2.2%), and +0.3% 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.
