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North American cattle inventory totals 116.1 million head, with the US holding 75.1%, Mexico 15.4% and Canada 9.5%. US cattle imports in January to April 2024 reached 762,450 head, up 17.1% year over year, mostly feeder cattle from Mexico.
Rising feeder cattle imports add supply to US feedlots, a modestly bearish factor for feeder cattle prices, though the tight overall US herd limits the effect.
wlj.netDerrell S. Peel, Oklahoma State University Extension livestock marketing specialistJun 21, 2024After 87 past bearish trade events, Feeder Cattle moved a median +0.4% over 5 sessions (54% higher; middle half -3.2% to +1.9%), and +1.1% over 20.
After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% 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.
