Even a 10% reduction in U.S. beef exports and imports would cause a significant disruption to prices and quantities of both feeder cattle and fed cattle, according to a new economic analysis.
Cattlemen are constantly searching for more information on shrinkage of cattle through the marketing channels. Generally, the amount of shrink varies with the type of feed cattle are on before penning and transport.
A U.S. Department of Agriculture employee was paid to allow tick infested and diseased cattle to enter the country, according to an indictment filed in a Laredo federal court last week.
Cattle markets were hit hard Thursday on news of Russia's invasion of Ukraine. Higher grain prices drove feeder cattle prices as much as $5 lower on CME feeder cattle futures and more than $2 lower for CME Live cattle.