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Daily Market Briefing - November 21, 2025

Published: Friday, November 21, 2025
Here's your consolidated daily cattle market briefing for November 21, 2025:

DAILY CATTLE MARKET BRIEFING

1. Market Sentiment: BEARISH (3/10)
- Sharp declines in cash cattle prices across regions
- Growing concerns over Mexican border reopening and Brazilian beef imports
- Futures markets showing significant volatility and downward pressure

2. Key Price Trends:
- Cash cattle: North $225/cwt (-$2-5), South $228/cwt (-$4)
- Choice boxed beef: $375.06/cwt (-0.7%)
- Live cattle futures (Dec): $219.15 (-1.0% week-over-week)
- Feeder cattle futures mixed: Nov up 3.8%, but most 2026 contracts lower

3. Top 3 NEW Developments:
- Mexican border reopening to feeder cattle imports putting pressure on prices
- Administration reducing/removing tariffs on Brazilian beef imports
- USDA reporting largest weekly slaughter volume since mid-summer at 576,000 head (+16,000 from previous week)

4. Brief Outlook:
Ranchers should prepare for continued price pressure in the near term as markets adjust to increased supply channels from Mexico and Brazil. While fundamentals remain supportive with tight domestic supplies, external factors and policy changes are creating headwinds. The upcoming USDA Cattle on Feed report (Friday) will be crucial for price direction. Consider risk management strategies given the heightened market volatility.

For more detailed information or specific market data, please contact your local extension office or market analyst.

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