Cattle market prices fell sharply over the weekend after reports surfaced that Mexico’s agricultural minister plans to meet with U.S. Agriculture Secretary Brooke Rollins about reopening the border for live cattle imports. The news followed a debate filled week in the industry over Argentine beef imports, high consumer prices, and President Trump’s social media comments.
Experts also said market confidence dropped further when traders learned of the upcoming talks with Mexico, causing both live and feeder cattle contracts to plummet — with feeder cattle falling the maximum daily limit of $9.25. Analysts warn that prices could face more pressure next week after contracts closed below key moving averages.
The meeting comes as the U.S. and Mexico continue battling the New World screwworm (NWS) outbreak that led to a shutdown of live cattle imports in May. Although Mexico has reported containment of recent cases, U.S. officials remain cautious, calling NWS prevention a “national security priority.”
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