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Cattle markets are weighing news that the federal government could be working to reduce beef prices. “Details are sketchy but coming right after the Argentine president was at the White House, the deal could be a loosening of quotas for the import of Argentine beef,” the Hightower Report said. “In addition, Trump is expected to talk with Brazilian president Lula in the coming days, and tariffs on Brazilian beef imports could be discussed.”
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“Yesterday, the Florida agriculture commissioner issued a ruling placing temporary restrictions on livestock entering Florida from South Texas…
“Packer profit margins have dropped sharply this week,” the Hightower Report said. “Top buyers on yesterday’s weekly export sales report were …
Boxed beef cutout values this afternoon were lower on Choice and lower on Select, the USDA said.
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