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“Brazil’s ag minister yesterday afternoon said they will be announcing new ag agreements with China, which are expected to include additional approved Brazilian meatpackers for beef exports to China,” the Hightower Report said. “No doubt Brazil is planning to step in to improve export market share if Trump follows through with tariffs.”
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On boxed beef cutout values, the USDA said:
“The market action has been bullish this week, and yesterday’s breakout to new 30-day highs suggests a new leg higher is ongoing,” the Hightow…
Boxed beef cutout values this afternoon were higher on Choice and lower on Select, the USDA said.
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