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Senator Mike Rounds asked USDA Secretary Tom Vilsack on December 12 to thoroughly investigate the screwworm threat before reopening the US-Mexico feeder cattle trade. He warned that an outbreak in the US herd would hurt the industry and could prompt other countries to ban US imports.
A delay in reopening keeps feeder cattle supplies tight and supports prices, while a US outbreak would disrupt the industry further.
agweek.comAriana SchumacherDec 20, 2024After 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.
