Ranchers southeast of Carlsbad, NM, are claiming victory in a legal battle over water rights along the Pecos River after a judge’s ruling last week stopped “illegal” permits.

Cash cattle prices were under pressure as packer demand was soft in both the North and South last week. Numbers of ready cattle will grow in the coming weeks.

Consumers are willing to pay a high price for beef if it’s worth it every time.

In troubled times, the comfort of food and good beef in the freezer keeps many Americans content and healthy at home. Hopefully, we will all soon be back in our favorite steakhouse.

Cattle prices were in full retreat, giving back all the previous week’s gains. The magnitude of the decline was on full display at feeder cattle auctions with the rollback accelerating throughout the week.

The unprecedented events surrounding the COVID-19 pandemic have led to a severe economic downturn and will impact livestock markets going forward.