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USDA threatened to halt imports of Mexican cattle and bison unless Mexico acts against the screwworm fly spreading north toward US herds. Agriculture Secretary Rollins warned Mexico directly.
A threatened import halt would tighten US feeder cattle supply, supporting prices if the threat is carried out.
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.
