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Wyoming ranchers report sharp cattle value losses after the administration waived tariffs on imported ground beef, with one Cheyenne rancher citing a 10% overnight drop. CME cattle futures hit eight-month lows after the announcement before partially recovering.
Expanded beef import access adds supply to a tight US cattle market, pressuring live and feeder cattle prices and raising the cost outlook for feedlot and feed buyers.
nwcomm.orgMadonna WisozkNov 1, 2026After 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.
After 24 past bearish policy events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -3.3% to +1.2%), and +0.5% 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.
