Tariffs on Brazil beef imports into the U.S. set to begin today

8 months ago 136

The Hightower Report said, “With tariffs on Brazil beef imports into the U.S. set to begin today, cattle and feeder prices shot higher yesterday. Retail demand has been resilient and the stock market has held up despite President Trump’s global trade rebalancing plan. Traders will be watching for cash trade in the South and whether this week’s futures rally will translate to higher cash prices.”

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

Boxed beef cutout values this afternoon were higher on Choice and higher on Select, the USDA said. 

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

Boxed beef cutout values this afternoon were up on Choice and up on Select, USDA said.

“Deals with Mexico and Canada are still up in the air, adding to market uncertainty,” the Hightower Report said. “Cash hog trade was not estab…

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