High cattle and beef prices are supporting imports. First, cattle imports through July are up 22.6 percent compared to last year. Imports from Canada are up 18.1 percent and imports from Mexico have increased 25.2 percent over the same period. This trend of increased imports certainly has played some role in maintaining on-feed inventories and placements throughout this year. Mexico is still experiencing drought conditions that have likely catalyzed more shipments of feeders to the U.S., especially with current feeder cattle prices. Feeder calf prices softened some in August but still remain above year-ago levels.
Beef imports are up 20.1 percent through July compared to the 2023 January through July period. Most notably, b...
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...
