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The US Cattlemen's Association strongly opposes a USDA APHIS proposal to allow fresh chilled or frozen beef imports from Paraguay. The association cites animal health concerns, its estimate of $12 million to $23 million in annual producer losses, and a nearly ten-year gap since APHIS last visited Paraguay.
If the rule is adopted, added Paraguayan beef supply could modestly pressure US cattle and beef prices, though the proposal is not yet final.
en.mercopress.comJun 2, 2023After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
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.
