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Tyson Foods' CFO said US cattle producers are making only spotty efforts to rebuild the herd, and supplies will stay tight through 2026 and into 2027. Ranchers have been slaughtering animals to take advantage of high prices and dry-weather worries.
The Trump administration is considering actions to cut beef import tariffs.
Slow heifer retention keeps cattle supply constrained for longer, supporting cattle prices, while possible tariff cuts on beef imports could add some supply.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.