Trump, Cattle ranchers and ground beef
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Live cattle futures are down $1 to $1.20 across the front months. Cash trade has been near $220 to $345 this week. The Friday morning Fed Cattle Exchange online auction showed dressed sales of $342 on 40 head,
The U.S. is reopening a border crossing in Arizona to cattle from Mexico as part of a broader effort by the Trump administration to reduce near-record-high beef prices.
Mexico renews cattle exports to United States amidst shortages, high prices and screwworm threat. But these cattle face intense inspections.
Live cattle futures posted gains of $1.82 to $3.52 cents across the board on Thursday. Cash trade picked up to $220 Wednesday, firming $2 from Tuesday, with a few dressed sales of $345 in the north. The Thursday morning Fed Cattle Exchange online auction showed dressed sales of $340-341
The U.S. has once again started importing cattle from Mexico after the Trump administration paused imports. The key Santa Teresa port is next to reopen.
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Live cattle futures saw weakness across the board on Monday, down $1.87 to $4.32 at the close. Open interest was up 1,226 contracts on Monday, mainly in the deferreds, as October dropped 1,449 contracts.