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Canada's Cattle Association urged federal action to build a foot-and-mouth disease vaccine bank, estimating about $4 million per year in costs. The group warned that an FMD outbreak could shut down a $60 billion industry and that the disease is a question of when, not if.
FMD risk is a tail risk for livestock trade; an outbreak would disrupt exports and cattle movement, shifting prices sharply across livestock markets.
producer.comDoug FergusonMar 16, 2023After 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.
After 69 past neutral disease events, Lean Hogs moved a median -0.2% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -1.6% 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.
