A rally in cash cattle prices lifted cattle feeding margins more than $100 per head and left packers mired in red ink. Pork margins have held firm in the mid-$40s for six weeks.
The largest feedyard north of the Rio Grande is under construction allowing Blackshirt Feeders to combine data, technology and innovation in a closed loop aligning dairies and semen providers with the feedyard.
Cash cattle trade was called light with prices rallying near, but not reaching, the $2 summit. USDA’s Cattle on Feed report found larger-than-expected May placements.
Farmers and ranchers are battling a “vegan mandate” as new anti-agriculture ballot initiatives go before voters in Denver and California this November.
Cash prices in the North surged higher on active trade volumes while the South posted modest gains on light to moderate volume. Feeder cattle and calf prices were mixed.
A trial date has been set for Arizona rancher George Kelly who is charged with murder following the shooting death of a Mexican migrant in January of last year.
Little change was found for livestock feeders last week as near identical week-to-week market prices held margins solidly in the black. Beef packers saw modest improvement with higher wholesale beef prices.
