Foot-and-mouth disease: Impacts would go far beyond huge livestock losses - MPI report's warning

After 148 past bullish disease events, Live Cattle moved a median +0.4% over 5 sessions (62% higher; middle half -0.5% to +1.2%), and +1.4% over 20.

• Mar 1, 2021Beef prices soar in Kyenjojo over foot and mouth disease+2.6%
• Dec 8, 2025Livestock disease worries haunt farmers across Europe+2.9%
• Mar 16, 2026South Korea on highest alert as 3 major livestock diseases spread nationwide | The Straits Times-0.4%
• Jul 10, 2025Secretary Rollins Takes Decisive Action and Shuts Down U.S. Southern Border Ports to Livestock Trade due to further Northward Spread of New World Screwworm in Mexico | USDA+2.6%
• Apr 26, 2025US could restrict Mexican livestock imports over screwworm worry, official says | Reuters+0.4%

After 22 past bullish disease events, Milk (Class III) moved a median -0.0% over 5 sessions (45% higher; middle half -0.9% to +0.5%), and -2.8% over 20.

• Apr 4, 2023India's milk imports soar as disease hits local cattle stock | Reuters+3.1%
• Jul 28, 2022Five things to know about FMD and LSD | Meat & Livestock Australia-10.5%
• Oct 11, 2020Impact of lumpy skin disease on local economy | The Arunachal Times+2.2%
• Nov 14, 2024HPAI still spreading in Western livestock-0.3%
• May 8, 2024Bird Flu Outbreak in Dairy Cows Is Widespread, Raising Public Health Concerns | Infectious Diseases | JAMA | JAMA Network+2.1%

Not enough comparable past events yet for a historical read.