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.
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One trader said the products entering the U.S. are primarily grind and trim, noting that the volume and type of beef, on its own, should not cause a major disruption. However, he says fund traders are reacting heavily to headlines rather than market realities.
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