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US cattle futures fell after a volatile week tied to the avian influenza outbreak in dairy cattle, now confirmed in eight states and 33 herds. Colombia, a small US beef importer, announced it would shut imports of US beef, and Canadian fat cattle prices continued to set records.
Loss of an export market, even a small one, adds to pressure on US beef prices while disease concerns linger. Stronger Canadian cattle values support a firmer North American cattle complex.
realagriculture.comRealAgriculture Livestock TeamApr 26, 2024After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
After 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.
