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The US agreed to keep ports open to Mexican livestock imports after Mexico agreed to remove restrictions and duties that hindered New World screwworm eradication efforts. The USDA had threatened to ban live cattle imports from April 30 if those barriers remained.
Mexican cattle imports totaled 1.25 million head in 2024, about 4% of US slaughter.
Continued feeder cattle imports ease pressure on an already tight US beef supply, limiting upside for cattle prices. A port closure would have tightened supply and supported prices.
argusmedia.comEdward DunlopMar 25, 2024After 29 past neutral disease events, Feeder Cattle moved a median +0.6% over 5 sessions (62% higher; middle half -1.5% to +2.2%), and +1.0% over 20.
After 69 past neutral disease events, Live Cattle moved a median -0.1% over 5 sessions (42% higher; middle half -0.8% to +0.6%), and +0.9% 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.
