At the time of writing this article, the implementations of U.S. tariffs and Canadian retaliatory measures were delayed for 30 days. However, the threat remains. This is the wild card moving forward.
For the week ending March 7, there were two distinct price structures. On Monday, March 3, feeder cattle prices were relatively unchanged from the previous week. However, once the U.S. implemented tariffs for Canadian cattle on March 4 , feeder cattle markets dropped by $10-$15/cwt on average.
Cattle and hog prices at the Chicago Mercantile Exchange on Friday showed increases of varying degrees. United States President Donald Trump announced on Thursday that certain imports from Mexico which fall under the Canada-U.S.-Mexico Trade Agreement will see tariffs delayed until April 2. Canada was also included in the official amendment after the markets closed. […] Read more
Glacier FarmMedia | MarketsFarm – Cattle prices showed small declines while hog prices sharply rose at the Chicago Mercantile Exchange on Thursday. United States President Donald Trump announced that certain imports from Mexico which fall under the Canada-U.S.-Mexico Trade Agreement will see tariffs delayed until April 2. Canada was also included in the official amendment […] Read more