The Cattle on Feed report has been laying the groundwork for months now
that fed cash cattle prices could be pressured as front-end supplies grow and
favor packers' position.
=^Call the Market
For the fifth consecutive week, prices for five of the eight major
fertilizers are lower compared to last month, with the remaining three
nutrients being slightly higher. DTN designates a significant move as anything
5% or more. UAN28 is the only nutrient with a significant price move compared
to a month earlier.
BDTN Retail Fertilizer Trends
The U.S.-Mexico border reopened to cattle imports at Douglas, Arizona,
following a USDA phased plan with safeguards against New World screwworm.
Experts estimate 150,000--250,000 head may cross by year's end.
BArizona Port Reopens to Mexican Cattle
The Canadian tariffs, ranging from 15% to 50%, are set to take effect
Sept. 8 in retaliation for U.S. tariffs on roughly $20 billion in Canadian
products that took effect after trade talks collapsed late last week.
BCanada Slaps New Tariffs on US Goods
Reports the Trump administration may double the volume of small-refinery
exemptions from the Renewable Fuel Standard have alarmed farm and biofuel
groups.
BBiofuels, Ag Fear RFS Exemption Surge
