USDA released monthly trade data today, including live animal trade in North America. Feeder calves from Mexico through May, at 372,342 head are down 31 percent; feeder calves from Canada at 119,071 head are up more than 200 percent.
Feed shortages, drought, and rail problems transporting feed have impacted the Canadian shipments to the U.S. For Mexican feeders, the five-year 2016-2020 average has been about 548,538 head for the January through May period; last year imports were down slightly from that average, but this year have dropped more than 40 percent. There are likely a few things going on affecting imports of Mexican feeder calves. Typically, more than a third of those cattle imported are 400 pounds or less and go t...
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...
