LIVESTOCK MARKETS: Live feeder cattle imports decrease

LIVESTOCK MARKETS: Live feeder cattle imports decrease

"Cattle on Feed" pre-report estimates suggest increase in inventory.

U.S. feeder cattle imports from Mexico were rather small in May and June this year compared to historical levels, according to the Livestock Marketing Information Center (LMIC). In fact, feeder cattle imports from Mexico during the first half of 2016 were down 98,000 head, 16% lower than 2015. LMIC said this could indicate that herd rebuilding is occurring in Mexico but noted that it definitely reflects lower U.S. cattle prices.

“Lower imports compared to a year ago are expected to

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