
US cattle prices hit historic lows in some regions in November, even as the first Brazilian beef shipments arrived after USDA lifted a 13-year ban. Ranchers attribute the decline to packer consolidation and call for antitrust enforcement.
Rising Brazilian beef imports add supply competition in the US market, adding downward pressure on cattle prices and reducing feedlot demand for feed grains. The story centers on market structure more than a new supply shock.
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.
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.