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South Korea Halts Some U.S. Beef Imports over Found Traces of Zilmax

South Korea Halts Some U.S. Beef Imports over Found Traces of Zilmax

By Amanda Brodhagen, Farms.com

South Korea has suspended U.S. beef imports from a unit of JBS USA after detecting traces of the feed additive Zilmax in the meat. The feed additive, Zilmax is banned in South Korea. The meat tested positive in a shipment of beef on Sept. 24. South Korea has asked the U.S. to investigate the Zilmax case.

Merck & Co, the company which makes Zilmax, suspended sales of the additive while it conducts an audit into the drug’s effects on cattle. Zilmax was in the spotlight a few months ago after a video surfaced showing animals having trouble walking when arriving at the slaughter plant. The initial observations prompted Tyson Foods Inc. and Cargill to stop buying cattle fed with the drug.

South Korea is the third largest buyer of U.S. beef. From January to September, the country imported 75,426 tonnes of U.S. beef with 4,697 tonnes coming from the unit which the additive was traced back to. The country agreed to phase out tariffs on beef over the next 15 years after a free-trade deal was struck last year.
 


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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
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A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
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Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.