Cattle futures and cash markets are correcting as USDA begins reopening the Mexican border to cattle imports in stages starting July 7. An analyst estimates 600,000 to 700,000 cattle were held back in Mexico and may return as heavier feeders.
Returning Mexican feeder cattle add supply to the feeder market, which is bearish for feeder and live cattle prices and may weigh on corn and feed demand sentiment.
Na 87 eerdere neerwaarts handel-gebeurtenissen bewoog Mestvee (feeder) zich mediaan +0,4% over 5 sessies (54% hoger; middelste helft -3,2% tot +1,9%), en +1,1% over 20.
Na 121 eerdere neerwaarts handel-gebeurtenissen bewoog Slachtvee (levend) zich mediaan -0,6% over 5 sessies (40% hoger; middelste helft -1,6% tot +0,8%), en -0,3% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
It describes the staged border reopening (from July 7) and 600-700k head potentially returning, a supply-side driver of the correction, though published two days after the move and so more confirming than causal.
It describes a futures and cash correction on the Mexican border reopening, with 600-700k held-back head potentially returning, though it is dated just after the window.