“If you can work through some of these bigger weights, later on down the road, some of the replacement numbers we saw in there in the springtime and early summer timeframe would end up coming to pass,” says Bennett.
Cattle futures closed mostly higher for the third consecutive trading session Friday. According to Pro Farmer, August live cattle settled unchanged, while deferred contracts posted modest price gains Friday.
Today on Farm Journal Live: Environmental expert Dr. Frank Mitloehner takes issue with Burger King's latest commercial and Tom Downs of WeatherBell will have a look at the return of hot weather.
A cattle group is floating the idea of a set-aside program for the cattle industry. Pro Farmer's Jim Wiesemeyer and Greg Henderson of Drovers will have the details on today's Farm Journal Live.
The latest shock to the industry is the daily boxed beef price. On Thursday, it hit a record of $364.62. That is a jump of $30 over Wednesday, a two-thirds increase from the lows in February.
Today on Farm Journal Live, Paul Neiffer will have tips on how to quickly apply for the latest round of pandemic aid. We'll also talk with Casey Bradshaw of Consolidated Beef Producers about tightening packer capacity.
