
Brazilian exports to the United States rose 0.2% in January to October 2026 to US$31.7 billion, the first cumulative gain this year. October sales rose 87% year on year, led by crude oil, fuel oil and beef, while sales of goods hit by 25% or 37.5% surcharges fell 23.7%.
Higher beef exports and tariff-driven declines in beef tallow shipments change flows of animal fats and beef trade, with modest price implications for tallow and cattle.
After 65 past neutral trade events, Live Cattle moved a median +0.3% over 5 sessions (57% higher; middle half -0.5% to +1.4%), and +2.5% 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.