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Texas Agriculture Commissioner Sid Miller argues that closing the border to livestock and animal products over screwworm is an overreaction that will raise consumer meat prices. He recalls the successful sterile fly eradication program that wiped out the pest in the US decades ago.
Opposition to border closures signals pressure to reopen trade, which would add feeder supply and weigh on cattle prices.
wlj.netSid Miller, Texas Agriculture commissionerJan 9, 2025After 24 past bearish policy events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -3.3% to +1.2%), and +0.5% over 20.
After 30 past bearish policy events, Live Cattle moved a median -0.8% over 5 sessions (43% higher; middle half -2.0% to +1.1%), and +0.9% 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.
