COVID-19 outbreaks are increasing governments’ food-security concerns, and importers need U.S. corn and soybeans for the first time in a long time to meet demand.

Both CME cattle futures and cash prices were lower for the second consecutive week. USDA’s cattle on feed report found a record October 1 inventory as September placements were called 6% higher.

The process of generating beef demand is like a well-primed pump. It provides the beef industry with the means to push our great product into the hands of hungry consumers the world over.

The past 30 days have been the driest on record in parts of Oklahoma, adding to the seasonal price pressure on feeder cattle and cull cows.

Proposition 12, the 2018 ballot initiative that bans the sale of meat and eggs derived from producers that don’t meet California standards, was upheld by a panel of judges in the Ninth Circuit Court of Appeals.

Cash cattle and futures traded lower for cattle most of the week, while grain markets experienced a harvest rally.