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The USDA paused Mexican live cattle imports after screwworm was detected in Mexico, and industry groups are developing a pre-clearance inspection program to resume trade. The USDA cut its 2025 US beef production forecast by about 20 million pounds and expects steer prices to rise $3 from last month's forecast.
Lower projected beef output and higher steer prices signal tighter cattle supplies, supporting cattle market prices into 2025.
beefweb.comTanya EadieDec 19, 2024After 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 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.
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.
