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The US will allow beef imports from Paraguay for the first time in 25 years, with the ruling effective December 14. Ranchers and lawmakers have criticized the move over foot-and-mouth disease risk, and a Senate bill would pause imports.
Added beef supply into a tight US market could cap domestic cattle and beef price gains, though the trade is small and the disease-risk controversy could tighten policy later.
agriculturedive.comSarah ZimmermanDec 19, 2023After 30 past bearish policy events, Live Cattle moved a median -0.8% over 5 sessions (43% higher; middle half -2.0% to +1.1%), and +0.9% over 20.
After 24 past bearish policy events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -3.3% to +1.2%), and +0.5% 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.
