Ranchers hope Trump's tariffs boost demand for cattle but some fear market uncertaintyRancher Brett Kenzy hopes President Donald Trump's tariffs will make imported beef expensive enough that Americans will turn to cattle raised at home for all of their hamburgers and steaks. That might raise prices enough to give Kenzy and others the incentive they need to expand their herds for the...
Fed cattle prices fall as heifer slaughter surges and China export concerns growFed cattle on the cash-negotiated market traded $204 per hundredweight in the South last week, $4 lower than the week prior. In the North, cattle traded $208 per hundredweight, down $2 to $5. Dressed trade was $7 per hundredweight lower at $335 in the North. The estimated slaughter for the week wa...
Brazil Aims To Replace U.S. In Meat Exports To ChinaDuring the BRICS meeting, Brazil's agriculture minister highlights the country's capacity to expand production for global markets. In a significant development for global agriculture, Brazilian Minister of Agriculture Carlos Fávaro announced during the recent BRICS Ministerial Meeting that Brazil is...
Tariffs fail to slow Brazil’s beef boom in US marketHigher US tariffs will not hurt Brazil's sales to its second biggest beef export destination after China, Reuters reported, citing analysts and industry groups. Brazilian beef imports exceeding a pre-determined quota pay a 26.4% tariff, but an additional 10% levy has been placed, raising the total ...
Boosting Exports: U.S. Red Meat Builds Markets In AfricaIn an effort to focus on U.S. exports to Africa, U.S. Meat Export Federation (USMEF) hosted a trade seminar in Accra, Ghana. Twelve African countries and 30 exporters were represented at the first-time event. USMEF President and CEO Dan Halstrom says Africa is critical to the U.S. industry’s efforts...
Cattle See Higher Week in Cash and Futures: So Do New Crop Corn and SoybeansCattle and hogs both end higher on Thursday, with grains mostly lower except HRW wheat. Scott Varilek, Kooima Kooima Varilek, says live and feeder cattle futures closed strong on Thursday and for the week, pushed by cash. Cash developed in Nebraska at $312 live, with dressed deals at $332 to $335,...
Cattle placements rise above year ago levelsThe USDA says market ready cattle supplies should rise over the next few months. 1.841 million cattle entered U.S. feedlots during March, 5% above a year ago, because of a combination of factors, including strong demand for feeder cattle and the ongoing drought situation in many major feeding areas...
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Angus Groups Join Global Initiative to Improve Livestock EfficiencyThe Angus Foundation and Angus Genetics Inc. (AGI) are set to join a global effort to improve livestock efficiency following the receipt of a $4.85 million research grant. The grant is part of a $27.4 million global initiative, backed by the Bezos Earth Fund and Global Methane Hub, to reduce energy ...
Midday cash livestock marketsDirect cash cattle trade activity has been relatively quiet through the week. Bids haven’t resurfaced. Asking prices are at $208 to $210 live in the South, but still haven’t been established in the North. Look for significant trade volume to develop before the end of the day Friday. At the Hub City...
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Senator Mike Rounds reintroduces anti-competitive legislation in meatpacking industryUS Senators Mike Rounds (R-SD), Chuck Grassley (R-Iowa), Ron Wyden (D-Ore.) and Peter Welch (D-Vt.) have reintroduced bipartisan legislation in a continuing effort to address anticompetitive practices in the meat and poultry industries. The group of senators believe the anti-competitive practices th...
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