Mexico
Joe Kooima, Kooima Kooima Varilek says live cattle futures held key support on Friday and are higher Monday but can the market retest the record highs?
Grains initially saw pressure in tandem with the plunge in the energy markets on Friday on optimism about the reopening of the Strait of Hormuz but ended well off session lows says Matt Bennett with AgMarket.Net.
Scott Varilek with Kooima Kooima Varilek says cattle plunged late week after contract highs due to fears of the border reopening to Mexican imports.
Kansas State Veterinarian Dr. Justin Smith outlines a coordinated plan built on surveillance, targeted treatment and movement controls to protect cattle operations while preserving business stability.
Texas producers need to remain on alert as NWS continues to move north. The newest detection is in the state of Tamaulipas.
South Texas farmer Brian Jones says years of missed water deliveries from Mexico have cut his planted acres in half, forcing tough planting decisions as a new agreement brings both hope and skepticism.
Cattle market fundamentals remain unchanged while psychology shifts the market due to the President’s comments and industry interference.
Scott Varilek with Kooima Kooima Varilek says the funds continue to liquidate their long positions on the fear of the Mexican border reopening but lower fed cash is also a negative.
Arlan Suderman, with StoneX, Inc., says soybeans are rallying on the White House interpretation of the deal which assumes China will buy 12 MMT in the next couple of months on top of the nearly 6 MMT it purchased earlier in 2025. However, he says China has not confirmed that.
Brad Kooima of Kooima Kooima Varilek says while the cattle futures are distancing themselves from last week’s lows he isn’t sure if all of the bearish news is factored into the market yet. Meanwhile, soybeans make new highs as the White House clarifies China will buy 12 MMT in the last two months of 2025.
Shawn Hackett with Hackett Financial Advisors says with China potentially buying 441 million bushels of U.S. soybeans in the next two months prices need to move a lot higher.
After an ugly pullback in the cattle market futures are trying to recover according to Scott Varilek of Kooima Kooima Varilek as cash strength is returning in the feeder cattle market.
Mark Schultz with Northstar Commodity says in response to the China deal the soybean market pushed into new highs for the move with January finally closing above the $11 mark.
Alan Bruger says USDA was assuming some sales to China in the September WASDE but he thinks the agency will need to make some revisions in their 300 million bushel ending stocks with this deal.
Allison Thompson says soybeans paused on Wednesday with January down 3/4 cent as the market faded news of China purchases as it was already priced into the market.
Lane Akre, economist with Pro Farmer, says soybeans have priced in the optimism about a China trade deal and had muted reaction to news of the first China soybean purchases of the 2025-26 marketing year.
Brian Grete with Commstock Investments thinks the China deal is nearly priced into the soybean market and so it will need confirmation of what “significant purchases” means before moving higher.
DuWayne Bosse with Bolt Marketing says soybeans made new highs for the move and January futures are closing in on $11, while March made fresh highs for the year.
With New World screwworm within 70 miles of the U.S.-Mexico border, the livestock industry is on high alert. USDA continues to fight the northward spread of the parasite while debate continues on the border closure.
Hear from farm equipment manufacturing leaders and find out how companies are managing the additional costs and keeping products flowing to farmer-customers.
On Saturday, President Trump threatened to impose 30% tariffs on Mexico and the European Union starting on August 1. The announcement came after a string of new tariff threats last week.
Secretary Rollins takes decisive action and shuts down cattle, bison and equine trade due to further northward spread of the devastating pest in Mexico.
Following a New World screwworm assessment by USDA staff in Mexico and ongoing conversations between Secretary Rollins and the Mexican Secretary of Agriculture, USDA will start reopening the ports for cattle, bison and equine.
Secretary of Agriculture Brooke Rollins announces plans to reopen Moore Air Base in Texas as a New World screwworm sterile fly distribution facility. Long-term production is anticipated to be 300 million sterile flies per week.
NCBA’s Woodall says the goal is complete eradication — not just from the U.S., but from Mexico and Central America, ultimately pushing the fly back to its original range in South America.
NCBA applauds Secretary of Agriculture Brooke Rollins’ aggressive efforts to suspend Mexican cattle, horse and bison imports, saying Mexico’s corruption and mismanagement has caused the pest to spread closer to the U.S.
U.S. officials and lawmakers have complained that Mexico’s failure to meet its obligations under the treaty is harming Texas farmers. Mexico has argued that it is under drought conditions that have strained the country’s water resources.