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US cattle industry groups raised concerns about the rising risk of foot-and-mouth disease entering from Mexico through the southern border, with discussion at the NCBA conference in New Orleans. Industry figures said US traceability systems would struggle to contain an outbreak if it arrived.
A possible FMD incursion from Mexico would threaten US livestock movement and exports, creating sharp downside risk for cattle and hog markets and upside volatility in beef.
beefcentral.comEric BarkerMar 1, 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.
After 29 past neutral disease events, Feeder Cattle moved a median +0.6% over 5 sessions (62% higher; middle half -1.5% to +2.2%), and +1.0% 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.
