The ag sector is keeping a close eye on Brazil trade developments, with a sweeping 50 percent tariff set to take effect next month. And with the US being a main beef market for the country, many are speculating over the potential impact.
Steve Sothmann with DTB AgriTrade joined us on “Market Day Report” for a closer look.
Related Stories
Border closures tied to the threat of New World Screwworm continue to stall Mexican fed cattle imports, tightening U.S. feeder cattle supplies over time — triggering feedlot closures that hinder herd rebuilding efforts, threaten the beef supply chain, and shrink production while consumer prices stay elevated.
Agriculture avoided major disruptions, but trade uncertainty remains elevated.
The debate now matters as much as the policy — market rules and regulatory clarity depend on whether Congress can finish the bill this year.
Domestic beef demand remains solid, with the strongest growth occurring through retail channels, according to consumers surveyed in the latest K-State Meat Demand Monitor.
The U.S. Supreme Court ruled on Friday that imposing duties without Congressional authorization exceeds presidential powers. RealAg Radio host Shaun Haney joins us to discuss the potential trade and agriculture implications of the recent ruling.
The global rice surplus outweighs tighter U.S. supplies, pressuring prices.