Feeder steer prices remain at historic highs across all major regions, averaging 22.9 percent higher year-over- year, and 58 percent higher than the five-year average. Some of the biggest gains have been in the Southern Plains, most affected by the imports of Mexican feeder cattle which are prohibited due to the New World screwworm (NSW).
Following the ongoing efforts to eradicate NWS and the USDA’s suspension of Mexican cattle (as well as horse and bison imports) on 11 May, Secretary of Agriculture Brooke Rollins provided an update last week. The USDA will be investing $21 million to renovate an existing fruit fly production facility in Metapa, Mexico, to produce 60 million-100 million additional sterile NWS flies per we...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
