
US beef and live cattle imports rose sharply in the first half of 2024, with live cattle up 19% and fresh and frozen beef up 11% and 29%. Mexico supplies most feeder cattle as the US herd declines.
Heavier imports to fill lean supply gaps signal tight domestic beef supply, supporting cattle prices while easing some pressure on beef prices.
After 78 past bullish trade events, LCATTLE moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% over 20.
After 47 past bullish trade events, FCATTLE moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% 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.