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.