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U.S. Prices Bring In More Mexican Cattle

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High U.S. cattle prices and a drought have had a record number of Mexican cattle coming into the U.S., according to analysts and USDA data. Government data show 412,252 Mexican feeder cattle have been imported year to date, up 38 per cent from 299,192 a year earlier. The latest total is the most in at least six years, which is as far back as USDA has data. The imports in March alone were up 23 per cent from a year earlier. “Normally they would go to pastures but because of the drought a larger percentage are going to feedlots,” said Jim Robb, economist with the Livestock Marketing Information Center. – Reuters



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