While the effects of the Brazilian meat scandal are still unfolding, following are some perspectives on its impacts.While the effects of the Brazilian meat scandal are still unfolding, following are some perspectives on its impacts.Scope: Brazil has 5,000 meat facilities, including 1,400 packing plants. A total of 21 of those plants are under inspection, and six have been shut down. The other 15 are not allowed to export under Brazilian authority. To date, the EU (Brazil’s largest overall customer) has only banned all meat from any plant that is implicated in the case. Meanwhile, China (its second-largest customer), Chile and Egypt have lifted their initial blanket bans on meat imports and, like the EU, have limited the embargoes to only th...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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