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Brad Kooima of Kooima Kooima Varilek says cattle futures started the day higher in recovery mode after a poor technical close on Friday and a bearish reversal lower for the week. Soybeans continue to rally on the heels of the surge in bean oil on EPA’s surprise biofuels news.
Meat Institute’s Julie Anna Potts says President Trump has an opportunity to solve the agriculture labor crisis that has challenged farmers and ranchers for decades.
Cattle producers are holding on to a younger cow herd and retaining fewer heifers.
Scott Varilek, Kooima Kooima Varilek, says cattle are seeing risk off selling tied to the news overnight of escalating war between Iran and Israel which has the financial markets sharply lower. Bean oil is limit up on news of higher blending levels for biomass based diesel.
It’s not too early to start planning. In fact, Tiffany Lashmet advises Beef Improvement Federation Young Producer Conference attendees it’s time to think about an estate plan once you’re 18.