Market reacts bullishly to 50% tariff on Brazilian beef imports into the U.S.

8 months ago 126

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The Hightower Report said, “Another sharply higher day in cattle and feeders yesterday as the market reacted bullishly to Pres. Trump’s 50% tariff on Brazilian beef imports into the U.S. Brazil beef processors are halting production on products specifically send to the U.S. Secretary of State Rubio and the Brazilian Foreign Minister did meet last night and there is still a chance to get a deal done.”

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Boxed beef cutout values fell for Choice and Select, the USDA said:

In weighted average negotiated prices for barrows and gilts, USDA reported;

“The semi-annual inventory report did not show a major surprise but indicated some herd expansion is ongoing,” the Hightower Report said. “The…

In weighted average negotiated prices for barrows and gilts, USDA reported:

In weighted average negotiated prices for barrows and gilts, USDA reported:

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