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Check out the Sterling Marketing Profit Tracker for week of April 25.
Ag Secretary Brooke Rollins says a multi-agency Trump administration effort will target fertilizer costs and boost U.S. production, with a major announcement expected yet this week.
CattleFax’s Holden Ramey says grass plus profitability equals more cattle — but ongoing drought and volatility are slowing herd rebuilding despite strong price signals.
Oklahoma State’s Peel says as U.S. cow slaughter hits historic lows, the industry is turning to international markets to fill a massive “lean deficit” and keep up with record-high consumer demand for ground beef.
Brad Kooima with Kooima Kooima Varilek says some of the recovery is technical in nature as the June live cattle bounce off of key support and the 38% retracement level around $243.00 last Thursday. However, there are also fundamental reasons for bounce.
Scott Varilek with Kooima Kooima Varilek says $243 was the line in the sand for the June live cattle or funds would liquidate and it held after Brooke Rollins canceled her trip to Arizona which alleviated fears of a border reopening.