Morning Ag Markets – Matt Hines
Date: July 14, 2025 Cattle futures rallied the majority of last week and finished out the week sharply higher. Beef prices did pull back lower to end the week, but USDA closed down the southern border yet again for live cattle imports from Mexico. AZ had opened up for just a couple days before being closed yet again as New World screwworm has moved further north in Mexico than previously reported. $6 to $10 higher cash fed cattle trade also supportive last week with TX and KS trade reported from $228 to $230 live and trade in the North mostly $240 live and $380 on a dressed basis. USDA on Friday updated multiple years of balance sheet items for the meats. The most significant changes…