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...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
