Cattle futures surge over US halt to Mexican cattle imports

MEXICO CITY/CHICAGO (Reuters) -U.S. cattle futures soared to record highs on Monday after Washington suspended cattle imports from Mexico over a flesh-eating parasite, which Mexican President Claudia Sheinbaum denounced as unfair. All cattle futures contracts, traded in Chicago, hit lifetime highs following the halt. The parasite was detected in cattle herds in southern Mexico in November, prompting the USDA to temporarily stop imports.