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On November 22, 2024, Mexico's Chief Veterinary Officer reported a New World screwworm detection in a cow at an inspection checkpoint in Chiapas, near the Guatemala border. USDA APHIS responded by restricting imports of animal commodities from or transiting Mexico with immediate effect.
Blocking Mexican live cattle imports removes feeder supply from US feedlots, which tightens feeder and live cattle supplies and supports prices.
aphis.usda.govNov 24, 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.
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.
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.
