The U.S. cattle industry is applauding President Trump’s recent trade deal with the United Kingdom, calling it a win for ranchers.
Kent Bacus with the National Cattlemen’s Beef Association joined RFD-TV’s Tammi Arender to discuss what it means for the industry, how big of a market it is for U.S. beef, and their “Battle of the Beef” last year.
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Corn exports remain strong, while soybeans and wheat shift week to week on river conditions and global demand.
Tyson’s Nebraska plant closure and falling Cattle on Feed numbers send cattle markets tumbling. Analysts warn of tighter supplies, weak margins, and rising global competition.
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.
