Cattle Futures Drop After Trump Calls for More Beef Imports -- Market Talk
Dow Jones2026/08/21 14:181018 ET - Live cattle futures on the CME are down 2.1% to $2.136 a pound after President Trump calls for an increase in the amount of beef being imported into the U.S. On Truth Social, Trump says that the U.S. will allow up to 300,000 metric tons of ground beef to be imported into the country without any "out of quota tariff," to be sold "at 25 percent below current market prices," which is pressing on the futures contract. Most-active cattle futures are closing in on their lowest level since November, according to FactSet data. The drop comes ahead of the USDA's Cattle on Feed report this afternoon. Lean hogs fall 0.1%. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
August 21, 2026 10:18 ET (14:18 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. stocks volatility | Lithium mining stocks generally rise, Lithium Argentina (LAR.US) surges over 11%
On Friday, lithium mining stocks generally rose, with Lithium Argentina (LAR.US) surging over 11%.
FLR crypto breaks key resistance as volume surges—Can it reach $0.0083?
Gentoo Media schedules Q2 interim report webcast and live Q&A session
US Stock Moves | Bilibili (BILI.US) rises nearly 3%, market expects Q2 earnings per share to increase by about 59% year-on-year
On Friday, Bilibili (BILI.US) rose nearly 3%, closing at $17.13.
Crypto prices
More
