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U.S. and Canadian feeder cattle prices were at or near historical highs in late December 2024. The U.S. closed its border to Mexican feeder cattle after New World screwworm was detected near the Mexico-Guatemala border, and the market is currently pricing in no Mexican imports for 2025.
With roughly 1.2 million Mexican feeders normally entering annually, the import halt tightens feeder supplies and supports high feeder prices, while any resumption expected around March or April could weigh on futures.
grainews.caJerry KlassenJan 30, 2025After 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.
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 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% 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.
