Loading…
Oklahoma State extension specialist Derrell Peel reviews North American live cattle trade, noting Canada and Mexico supply nearly all US cattle imports. Imports averaged 1.93 million head annually over the past decade, falling to 1.63 million in 2022.
Lower cattle imports from Mexico and Canada tighten feeder supply in the US, supporting feeder cattle prices.
wlj.netSep 15, 2023After 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.
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.
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.
