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Austin Schroeder at Barchart.com said, “Live cattle futures posted slight gains on the Thursday session, with contracts up 40 to 65 cents. Cash trade has been quiet this week with a few light sales of $200 in Kansas on Wednesday.” “Brazil dropped their import tax on boneless beef and part of the reason may be to help China and other countries avoid U.S. tariffs by importing beef products to Brazil, which can then be redirected to other countries tariff free.”
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“Yesterday’s light cash trade in Texas, steady with last week, kept live cattle from selling off further as the nearby month held up better th…
“The friendly cold storage report added support as March beef stocks were the lowest in 12 years,” the Hightower Report said. “The market may …
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