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Oklahoma State extension data show Mexican cattle imports in July fell 37.5% year over year, and year-to-date imports are down about 19% to 21%. Annual 2021 imports are on pace for 1.15 to 1.20 million head, below 2020's 1.44 million.
Fewer feeder cattle crossing from Mexico tightens US feeder supply, supporting feeder cattle prices and reducing near-term feeder demand for feed.
dasnr54.dasnr.okstate.eduSep 6, 2021After 47 past bullish trade events, FCATTLE moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% 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.
