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While it has taken longer than expected to turn the corner on tighter feedlot supplies, the change may be relatively sudden as the dynamics of fall placement weights should result in a rapidly changing inventory.
Packers were willing to take a little lower grading animal last week, but cattle feeders may have a limited window to get those undesirable cattle market before larger supplies appear on showlists.
Market-ready cattle numbers decline with little affect on prices, signaling supplies remain ample compared to slaughter capacity. Cattle on feed numbers were lower versus year-ago for the first time in 16 months.
The House Agriculture Committee passed the Chronic Wasting Disease Research and Management Act with a unanimous vote, allotting $70 million annually to chronic wasting disease (CWD) control.
Ag Secretary Tom Vilsack announced a significant expansion of access to high-speed internet, health care and educational services for millions of rural Americans nationwide.
A new Alltech white paper focuses on organic trace minerals (OTMs) as a more bioavailable mineral source for cattle than their inorganic counterparts and other inferior organic products.