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Mexican rancher Lopez has for nearly 25 years shipped cattle north to the U.S. and imported beef into Mexico. He sends four to six trailers of young cows, three days a week, across the bridge to Pharr, Texas.
After USDA veterinary clearance, buyers from Texas, Arizona and as far as the Canadian border purchase the animals.
Cross-border feeder cattle flows add to U.S. feeder supply and show the ongoing integration of Mexican and U.S. cattle trade. The effect on futures prices is small.
apnews.comCHRISTOPHER SHERMANMay 22, 2017After 14 past neutral trade events, Feeder Cattle moved a median +0.1% over 5 sessions (50% higher; middle half -1.0% to +1.3%), and +1.2% 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.
