Trade
Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
“We’re going to have 360 million pounds of cheese that do not have a home.”
“We’re exporting nearly everything we grow”
Imports
Herd rebuilding looks slow, keeping cattle prices supported; beef-on-dairy crosses help fill feedlots, while imports temper—but don’t erase—tightness.
Lamb prices have seen a surprising surge driven by a tight supply and increasing demand in non-traditional markets.
USMEF CEO Dan Halstrom joined us on Monday’s Market Day Report for his analysis on the U.S.-Taiwan trade agreement, which includes big bucks for U.S. Beef.
Exports
In a post to social media, Trump said Venezuela will buy American agriculture products and will use the money from oil sales to make it happen.
Rail strength is helping stabilize grain movement, but river and export slowdowns continue to limit overall logistics momentum.
China continues to buy U.S. soybeans toward its 12 MMT commitment, as analysts cite data gaps, delivery timing questions, and muted market reaction.