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Chris Swift says the beef industry is in a tiger trap it can’t get out of with a wide basis spread — the cash market is trading considerably higher than the futures.
Evaluating the factors that help producers make decisions that have significant impact on a cow-calf operation’s bottom line.
Check out Sterling Marketing’s Profit Tracker for week of June 28.
Scott Varilek of Kooima Kooima Varilek says cattle futures are trading higher building on Wednesday’s big reversal which was initially triggered by trade news but then better than expected cash trade added to the rally. Grains are also higher on hopes of an announced deal with China.
This holiday weekend fire up the grills and enjoy America’s favorite protein — beef.
The deal, according to President Trump, allows the U.S. “total access” to Vietnam’s markets with a zero tariff on U.S. products exported to Vietnam.
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