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U.S. beef and veal imports reached 567.2 million pounds in September 2026, up 49.7% from a year earlier, while exports were 0.3% higher year over year. Year-to-date imports rose 17.5% and exports fell 11.5%; wholesale prices for both 90% and 50% lean beef trimmings were down from their 2026 peaks.
Higher imports add competition for domestic processing beef and can weigh on cull-cow values and lean-trimming prices. The expanded tariff-rate quota may support additional import flows, though imported trimmings require further processing before reaching consumers.
u.osu.eduSmith atNov 11, 2026After 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.
