More than 13,000 Mexican feeder cattle entered the United States in September, about 16% of September 2024 volume, as border crossings reopened following restrictions linked to New World screwworm. Santa Teresa reopened on Sept.
24 and Columbus, New Mexico, on Oct. 26; imports remain far below pre-closure levels, while U.S. beef and veal imports from Mexico also increased.
Restored crossings should gradually increase feeder cattle supply to U.S. feedlots, easing supply tightness and potentially weighing on feeder prices. Continued beef imports could also alter domestic cattle finishing and beef-market demand.
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 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.
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.