As summer demand for beef is upon us, fed cattle hit $233 per cwt yesterday, having moved above $200 per cwt in April on tight supplies. The cattle herd as of 1 January was the smallest in more than 50 years, imports of feeder cattle from Mexico have been suspended due to the New World Screwworm (NWS), and beef demand remains stubbornly high.
U.S. Secretary of Agriculture Brooke Rollins yesterday announced a new protocol for risk-based port re-openings for cattle from Mexico beginning as early 7 July 2025. The USDA, along with APHIS and their counterparts in Mexico, from the National Department of Health, Food Safety and Food Quality (SENASICA), have increased NWS surveillance, detection, and eradication efforts. This will begi...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...