U.S. cattlemen and women have not been hurting for news here lately. Just one week after the Argentina import drama, U.S. Secretary of Agriculture Brooke Rollins met with Mexican president, Claudia Sheinbaum, to discuss reopening the border to live cattle. The shear announcement of the meeting fanned volatility in the futures market. Markets ultimately settled and found some footing when the meeting, which took place the last week of October, ultimately ended with the decision to keep the border closed for now.
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Could keeping the southern border closed change market dynamics?
U.S. Secretary of Agriculture Brooke Rollins has made it clear the U.S. is not ready to open its southern border to Mexican cattle. Could this prolonged closure create a shift in market exchanges between the two countries?
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