Export beef trade starts to react to Trump’s surprise Brazil tariff decision
Export beef trade starts to react to Trump’s surprise Brazil tariff decision
THERE is likely to be an almost immediate injection of significant quantities of Brazilian beef into the US market, following Friday’s surprise announcement by president Donald Trump that the steep 40 percent tariff on Brazilian imported beef would cease.
While the weekend has gotten in the way of clearer trade signals since Friday’s announcement, US live cattle and feeder cattle futures reacted almost immediately, falling to their lowest level since July. By Saturday, the February live cattle c
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