
Mexican cattle producers report recovery after a difficult period marked by the screwworm outbreak and the closure of the US market for calves. The gradual reopening of the border is easing pressure on domestic producers, while higher supply and cattle costs affect fattening operations.
Reopening US access for Mexican feeder cattle supports demand for feeder cattle and would tighten the feeder cattle supply in the US, which is mildly bullish for feeder cattle prices. Higher costs for fatteners could weigh on feedlot margins.
After 47 past bullish trade events, Feeder Cattle moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% 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.