Mexican Feeder Cattle Imports Increase, Prices Strengthen at Border Crossings
What happened
Mexican feeder cattle movement into the United States increased on October 13. Douglas, Arizona, handled 1,400 head, while Santa Teresa, New Mexico, accounted for 1,150 head. Prices strengthened for steer calves and yearlings at both locations, with steers at Santa Teresa bringing $4 to $5 per hundredweight more than the previous week.
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Why it matters
The combination of higher cattle arrivals and stronger prices suggests that buyers remain willing to absorb additional Mexican feeder supplies. This indicates firm demand within the market for these types of cattle.
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Who's involved
- MichiganState of the United States of America
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MichiganSpeculative
Cattle suppliers might see increased revenue due to stronger prices and higher demand for feeder supplies.
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The entities involved
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Michigan
state of the United States of America