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Western Livestock Journal reports that US-Canada cattle and beef trade is worth hundreds of millions of dollars annually and could be disrupted by NAFTA renegotiation uncertainty. Trucking difficulties at the border are also cited as a concern for cattle movements.
Any NAFTA disruption or border trucking delay could reduce cattle and beef flows between the two countries, creating regional price spreads for feeder and live cattle.
wlj.netYvonne Dick, WLJ Canadian correspondentJun 4, 2018After 28 past neutral policy events, Feeder Cattle moved a median +0.2% over 5 sessions (61% higher; middle half -0.6% to +0.8%), and +0.8% over 20.
After 102 past neutral policy events, Live Cattle moved a median +0.6% over 5 sessions (63% higher; middle half -0.7% to +1.2%), and +1.3% 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.
