Pro Farmer
The proclamation authorizes an 80,000 metric ton increase in in-quota lean beef trimmings imports in 2026. Economists say retail beef prices are unlikely to drop without impacting producers.
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Tight cattle supplies, delayed herd rebuilding and resilient beef demand point to continued market strength, with economists saying higher cattle price highs in 2026 are still on the table.
Soybeans continue to lead strength and pushed to fresh highs overnight.
Direct government payments projected to rise 45%