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The US Cattlemen's Association formally opposed a USDA APHIS proposal to allow fresh chilled or frozen beef imports from Paraguay. The group cites estimated producer losses of $12 million to $23 million annually and concerns over foot-and-mouth disease risk.
If the rule is finalized, added Paraguayan beef supply could pressure US beef and cattle prices, though the volume is small relative to domestic production and the rule remains only proposed.
uscattlemen.orgColby ChapmanMay 30, 2023After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
After 87 past bearish trade events, Feeder Cattle moved a median +0.4% over 5 sessions (54% higher; middle half -3.2% to +1.9%), and +1.1% 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.
