
The National Cattlemen's Beef Association renewed its call for USDA to suspend fresh beef imports from Brazil over BSE reporting concerns. Brazilian exports to the US rose 131% in 2021, and a temporary 26.4% tariff safeguard will apply for the rest of 2022.
A possible import suspension would tighten US fresh beef supply and support cattle prices, while the tariff safeguard already limits extra imports.
After 17 past bullish policy events, Live Cattle moved a median -0.0% over 5 sessions (47% higher; middle half -1.2% to +0.9%), and +1.0% over 20.
After 10 past bullish policy events, Feeder Cattle moved a median +0.4% over 5 sessions (60% higher; middle half -0.9% to +2.2%), and +0.3% 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.