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A cattle industry leader warned that the flesh-eating screwworm fly threatens US herds as Mexico agrees to step up its pest response. USDA had earlier halted imports of Mexican cattle after a screwworm case was found in Chiapas.
Import restrictions tighten feeder and live cattle supply on the US side, which supports cattle prices while the threat persists.
markets.bostonherald.comAssociated PressMar 6, 2019After 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 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.
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.
