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USDA's APHIS published a final rule effective January 19, 2017, allowing beef imports from a region of Argentina. The rule amends 9 CFR Part 94 under the foot-and-mouth disease framework.
Access for Argentine beef adds import supply to the US market, a modest bearish factor for domestic beef prices.
federalregister.govJan 19, 2017After 30 past bearish policy events, Live Cattle moved a median -0.8% over 5 sessions (43% higher; middle half -2.0% to +1.1%), and +0.9% 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.
