
Cash fed cattle fell $4-$7 per hundredweight last week, and live and feeder futures finished lower. Losses followed news of a Trump executive order removing tariffs on Brazilian beef, the prospective reopening of the southern border to Mexican feeder cattle, and Tyson's Nebraska plant closure.
Expected beef imports from Brazil and possible Mexican feeder cattle supply add to supplies, while the Tyson closure reduces packer demand for cattle, pressuring cattle prices.
After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
After 87 past bearish trade events, Feeder Cattle moved a median +0.4% over 5 sessions (54% higher; middle half -3.2% to +1.9%), and +1.1% over 20.
After 28 past neutral trade events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +0.7%), and -0.3% 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.
Summarizes the week's softness: cash fed cattle down $4-7 and futures lower on tariff removal, Mexican border reopening prospects, and Tyson closure.
Summarizes the week: cash cattle down $4-7, with tariff removal, Mexican border reopening prospects and the Tyson closure pressuring futures.