Live Cattle futures and Feeder Cattle futures markets have reached multi-year highs to start the week, with high uncertainty driven by potential changes in cattle imports. Volatility remains high. Market participants are closely watching headline risk surrounding a plan to potentially reopen the southern border to Mexican cattle imports, which have been halted due to screw worm. Trade negotiations with Brazil, which saw beef tariffs implemented earlier in the year, are also a key focus. Wholesale boxed beef reports were mixed, with Choice cuts up $0.40 and select cuts down $0.29. Yesterday's five-area average price for live cash cattle was $229.79, and the daily slaughter volume was 114,000 head.
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