What You Need to Know Today:

It was just one of those days where seemingly everything was in the red as part of a broader risk-off economic sentiment amid de-escalation headlines in the Middle East. Other key fundamentals were also bearish, including the resumption of Mexican cattle imports and an improving weather outlook. The USDA announced it will resume imports of Mexican cattle through an Arizona port within 30 days, with additional border crossings planned later, after a more than one-year restriction aimed at preventing the spread of New World screwworm. The reopening could help alleviate historically tight U.S. cattle supplies and record-high beef prices, as Mexican cattle typically account for about 5 percent of U.S. cattle slaugh...