Screwworm has reappeared in New Mexico, according to a Bloomberg report carried by BusinessMirror. The find comes as US authorities prepare to reopen ports to Mexican livestock imports.
Renewed screwworm detection near the border raises the risk that reopening ports will bring more Mexican cattle into the US supply, which would weigh on feeder and live cattle prices.
After 46 past bearish disease events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -2.3% to +1.6%), and +1.8% over 20.
After 70 past bearish disease events, Live Cattle moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.0%), and +0.4% 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.