Both live and feeder cattle futures made healthy gains to start the trading week at the Chicago Mercantile Exchange, and boxed beef continued to climb on strong consumer demand.
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.
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
The United States cattle and hog markets were two of many that rebounded on Wednesday one day after U.S. President Donald Trump imposed tariffs on Canadian, Mexican and Chinese imports. Canada and China have already enacted retaliatory tariffs while Mexico will announce its plans by March 9. The April live cattle contract rose 1.900 U.S.
Cattle and hog futures at the Chicago Mercantile Exchange went in opposite directions on Tuesday as United States President Donald Trump imposed tariffs on Canadian, Mexican and Chinese goods.