Organisers of the Hawick event say they believe it is the "responsible decision" to cancel it again.
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Video caption: Swan rescued after hours on frozen loch Rescuers have come the aid of a swan trapped for hours on a frozen Scottish loch.
Borders cases increase 'concerning'
Copyright: Walter BaxterHealth experts in the Borders have urged the public to be "extremely cautious" over the festive period after a sharp rise in Covid cases.
The region moved to level one restrictions last week and was confirmed in that tier on Tuesday.
However, NHS Borders said an increase in cases in recent days in the area was "concerning".
It asked people to resist the temptation to socialise more in the run up to Christmas.
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By Giancarlo Rinaldi
South Scotland reporter, BBC Scotland news website
By Katie Hunter
BBC Scotland reporter
By Paul O'Hare
BBC Scotland