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USDA suspended imports of live cattle, horses and bison through US southern border ports effective immediately due to the threat of New World screwworm. The article notes the parasite could pose health risks to both cattle and humans.
Halting live cattle imports from Mexico reduces feeder supply entering US feedlots, which is bullish for cattle prices.
markets.bostonherald.comAssociated PressMar 6, 2019markets.bostonherald.comAssociated PressMar 6, 2019After 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.
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.
