Cash cattle prices trade higher for a fifth consecutive week and on feed inventories continue to shrink seasonally. Cattle on feed numbers matched pre-report estimates.
Entrepreneur decided to “be that guy,” to open Utah’s new packing facility. With 323,000 beef cows in the state, this new facility is primed to fill a big need for additional processing.
A solid rally for cash fed cattle coupled with declining total feeding costs helped boost cattle feeding margins nearly $85 per head above the previous week. Pork margins now over $40 for the fourth consecutive week.
Texas-based company accused of deceiving thousands of customers across 14 states, soliciting customer funds under false pretenses and using those funds to pay other customers in a Ponzi-like manner.
U.S. beef trade is a complex issue involving significant imports of lean trim and valuable exports of high-quality cuts. Without imported lean trimmings for the hamburger market, U.S. cow slaughter would need to double.
Cash markets found their footing following some positive news when HPAI testing of ground beef found no sign of the virus. Futures turned positive and cash cattle traded higher for the second consecutive week.
