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Mexican beef was linked to clenbuterol contamination that sickened 54 people in Mexico. The U.S. Cattlemen's Association asked USDA to scrutinize beef imports from Mexico, which is the U.S.'s largest beef supplier by volume.
Heightened scrutiny could slow or restrict Mexican beef imports, tightening U.S. beef supplies and modestly supporting cattle prices, though the effect is likely limited unless restrictions follow.
wlj.netPete Crow, WLJ publisher emeritusSep 11, 2020After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% 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.
