Importers say beef from Paraguay is unlikely to meaningfully ease tight US supplies. US beef prices have set records after drought drove a historic herd reduction, and meat companies rely more on imports for ground beef.
Limited import relief means US cattle and beef prices are likely to stay firm. Small quota volumes do little to offset the herd shortfall.
After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% over 20.
After 47 past bullish trade events, Feeder Cattle moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% 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.