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Barchart
Austin Schroeder

Cattle Look to Friday Trade as President Trump Lifts Import Tariffs for 90 Days

Donald Trump Live Cattle Fed Cattle Exchange Feeder Cattle United States USDA

Live cattle futures posted gains of 77 cents to $1.125 at the Thursday close, with August 7 cents lower. Open interest suggested modest new buying, up 3,076 contracts. Cash trade has picked up a few at $355-360 dressed and $226. The Thursday morning Fed Cattle Exchange online auction showed no sales on the 1,520 head offered, with bids of $223 to 225. Feeder cattle futures were down $1.55 to $2.12 higher across the board. The CME Feeder Cattle Index was down another 51 cents on August 19 to $341.85.

Early this morning President Trump stated the US “will allow up to 300,000 metric tons of product for ground beef to be imported with no out of quota tariffs” for 90 days.

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