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Ohio BEEF Cattle Letter outlines the USDA-APHIS suspension of ruminant imports from Mexico after the Chiapas detection. It notes that roughly 5% of US feedlot placements this year were Mexican feeder cattle and lists open questions on case spread and ban duration.
With about 5% of feedlot placements affected, a prolonged ban would tighten feeder supply and support cattle prices, while the outcome depends on how the situation evolves.
u.osu.eduSmith atNov 27, 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.
