Mexico historically has been an important source of feeder cattle for U.S. cattlemen, with feeder calf imports of approximately 1 million head a year since the mid-1980s.
Significantly higher volumes of Mexican imported feeder cattle were noted the last two weeks of May and throughout June which offset the lower volumes recorded through the first 4.5 months of the year.
Drought conditions have had a significant effect on feeder cattle supplies.
The summer slide continues for beef and cattle.
This Friday should have been the publication of USDA’s January Cattle on Feed report. The report will not be released due to the government shutdown.
One unknown hanging over all meat markets is the impact of rising tariffs on meat exports.
The Mexican government is in the process of making regulatory changes that allow for import of U.S. beef and beef products derived from cattle of any age.
It is unlikely the NASS Cattle on Feed publication will be released even if the government opens next week. Those reports take time to survey, collect, compile and release and the backlog is mounting.