
CME feeder and live cattle futures hit contract highs as US suspension of Mexican cattle imports over screwworm tightened supplies. Lean hog futures fell for a fifth straight day on a production glut and slumping hog prices in China.
Reduced Mexican feeder cattle imports keep feeder and fed cattle supplies tight, supporting prices. Weaker Chinese hog prices add pressure to US lean hog futures.
After 122 past bullish disease events, Feeder Cattle moved a median +0.4% over 5 sessions (60% higher; middle half -1.0% to +1.6%), and +2.0% over 20.
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.
After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% 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.
Lean hogs fell five straight days on a production glut and slumping Chinese hog prices, directly matching the start of the 5-day decline.
Published Oct 12, it reports lean hogs falling five straight days on a production glut and weak China hog prices, which is the selling pressure leading into the Oct 14 drop.
Lean hogs fell five straight days on a production glut and weak Chinese hog prices, which weighed on global sentiment.
Lean hogs had already fallen five straight days on a production glut and weak Chinese hog prices, so the selloff momentum and bearish sentiment carried into Oct 15.