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Feeder cattle futures gapped lower and quickly hit limit-down after reports that Mexico's agriculture minister would discuss reopening the US border to Mexican feeder cattle. Grains were slightly lower on profit taking as China talks were called off.
Reopening the border would add large Mexican feeder supply, the most bearish factor for cattle prices, while the cancelled China talks weigh on grain demand expectations.
agweb.comMichelle Rook2025年10月24日在过去 87 次看跌的贸易事件之后，架子牛 在 5 个交易日内中位数变动 +0.4%（54% 上涨；中间一半区间为 -3.2% 至 +1.9%），20 个交易日内为 +1.1%。
在过去 121 次看跌的贸易事件之后，活牛 在 5 个交易日内中位数变动 -0.6%（40% 上涨；中间一半区间为 -1.6% 至 +0.8%），20 个交易日内为 -0.3%。
在过去 683 次看跌的贸易事件之后，玉米 在 5 个交易日内中位数变动 -0.2%（47% 上涨；中间一半区间为 -1.7% 至 +1.6%），20 个交易日内为 +0.3%。
在过去 803 次看跌的贸易事件之后，大豆 在 5 个交易日内中位数变动 +0.0%（51% 上涨；中间一半区间为 -1.7% 至 +1.7%），20 个交易日内为 +0.9%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
On Oct 24 feeder futures gapped to limit-down on reports Mexico would discuss reopening the border to feeder cattle, which would add supply and directly drove the weekly decline.
Feeder cattle gapped to limit-down on Oct 24 after reports of border reopening talks, adding supply-expectation pressure that spilled into live cattle.
Reports that Mexico's border might reopen to feeder cattle raised supply fears and sent futures limit-down on Oct 24.
