Loading…
Oklahoma State extension's June 17 newsletter repeats the North American cattle trade data, showing 116.1 million head in the region and US cattle imports of 762,450 head in the first four months of 2024, up 17.1%. It notes that Mexican imports are almost entirely feeder cattle.
Higher feeder cattle imports from Mexico add to US feeder supply, a modest bearish influence on feeder cattle prices.
extension.okstate.eduJun 20, 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.
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.
