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Bill Watts and Lane Akre discuss last week’s Trump-Xi summit; Spencer Langford breaks down the WASDE report.
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Fragile U.S.-Iran ceasefire gets even shakier
After more than a year of waiting, China granted 5-year registration extensions to 425 U.S. beef plants and added new approvals. The move follows Trump–Xi talks in China this week, signaling a trade breakthrough.
With Select supplies shrinking and consumer demand locked on higher-quality beef, the traditional Choice-Select spread no longer tells the real market story.