Mexico
The reopening of the U.S.-Mexico border on Aug. 24 is expected to have a short-term impact on cattle markets, but analysts say the return of Mexican feeder cattle will not fundamentally change long-term supply.
Former US Trade Representative Bob Lighthizer says Mexico, not Canada, will be the biggest test in USMCA talks, citing trade deficits. That’s as agriculture leaders push to protect billions in North American trade.
Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
USDA to open the Douglas, Ariz., port first to restart U.S.-Mexico cattle trade after more than a year of New World screwworm-driven closures — if Mexico adheres to the Joint Action Plan.
After 60 years of successful eradication, NWS has been detected in Texas. Understand the history of this parasite, the science behind the Sterile Insect Technique and USDA and TAHC’s actions to protect the U.S. livestock industry.
Animal health officials respond to second detection of New World screwworm in a 1-month-old calf.
A quarantine order is in place; USDA officials say the La Pryor detection is the only confirmed case so far, stressing there is no food safety risk but calling on cattle producers and pet owners to monitor wounds closely and follow movement restrictions.
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.