The highest fed cattle prices since the spring of 2019 has feedyard managers searching for additional gains this week. Calf prices at auction last week traded uneven.
Four U.S. Senators announced they’ve reached a compromise on measures they see as improvements to the cattle market, combining components of previous bills into a new Cattle Price Discovery and Transparency Act.
A Ukrainian man suspected of collecting $2.3 million in ransom after using REvil ransomware to attack about 2,500 targets, including the June JBS SA cyberattack, has been arrested, according to Europol.
Cattle feeders found willing packer buyers even as they priced cattle higher throughout the week. Higher prices were supported by solid gains in the futures markets.
Prosecutors said Robert Blom altered purchasing agreements, misled investors and sold the same groups of cattle to multiple buyers using the money to pay back previous investors.
McDonald’s Canada announced the first representative for the McDonald’s Flagship Farmer Program, a global initiative to amplify stories of exceptional rancher who exemplify best practices in beef production.
COVID-19 has temporarily placed a restriction on the number of cattle that can be harvested in a given week. That scenario is usually a recipe for lower prices, but this week’s extremely light fed trade was steady.
