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Pro Farmer compiles trader and analyst views on the US-Mexico cattle trade halt over New World screwworm. Key open questions include how long the halt lasts, whether the pest has moved north, and whether Mexico could retaliate by curbing US beef purchases.
Uncertainty over the duration of the ban and possible Mexican retaliation keeps feeder cattle prices supported while the trade outcome remains unresolved.
profarmer.comJim WiesemeyerNov 25, 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.
