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Feeder Cattle futures for November 2025 through Oct of 2026 closed limit lower on Friday – down $9.25 per cwt.
Although no specific details were shared immediately, there were rumors on Friday that some sort of a beef deal could have been struck with Argentina, as President Trump just met with that country’s President at the White House this week. Brazilian President Luiz Inacio Lula da Silva also said on Wednesday that Brazil and the U.S. would hold negotiation talks on tariffs on Thursday, according to Reuters.
President Trump talked about inflation and beef prices in comments to reporters at the White House late on Thursday.
“We are working on beef. And I think we have a deal on beef that’s going to bring the price of beef – that would be the one…one product that we would say is, uh, a little bit higher than we want it. Maybe higher than we want it, and that’s going to be coming down pretty soon, too. We did something, we worked our magic.”
This week’s fed cattle cash market was trading anywhere from $5.00 to $9.00 higher for the week, which was a supportive feature for the market.
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