Cash cattle prices turned sharply higher last week as supplies continue to tighten. Moderate to active trade pushed cash prices to new highs for the year with some eyeing another surge next week.
Northern feeders have experienced considerably more adverse weather and muddy pen conditions than southern yards, contributing to the tightening supply of well-finished cattle.
Cybercriminals, cholesterol spiking ice crème flavors or just plain silly lawsuits? It’s becoming harder to distinguish which activities should cause our alarm.
A federal judge in Texas put WOTUS on hold in two states over the weekend but denied a concentrated effort by industry groups to stop the rule nationwide.
The positive basis created by weaker futures prices enticed hedged feeders to accept lower bids early in week. Friday’s cattle on feed report further confirms a shrinking supply and will lend price support.
Cash fed cattle traded at steady money in all areas after futures markets moved lower Friday. Feeder cattle and calves posted significant weekly gains.
The 2023 bull market entered March with modest gains for fed cattle and some impressive gains for feeder cattle and calves. The spring seasonal rally is likely to extend well into April.
Attorneys on Wednesday argued conflicting accounts of how a Mexican national came to be killed on an Arizona borderlands ranch. The rancher is due back in court on Friday.
Legislation was introduced in both the U.S. House and Senate on Tuesday that seeks to reform the Beef Checkoff program the industry self-funds for promotional and educational use.
