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Beef Magazine reports that the US closed its border to northbound live cattle after the NWS detection in Chiapas. NAISMA warned that the pest has spread through Central America and that infestations are hard to detect early.
The border closure removes a significant feeder supply source, and any spread into the US would widen the supply disruption and raise cattle prices further.
beefmagazine.comClint PeckNov 28, 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.
