Negotiated cash cattle prices traded higher in all regions while many feeder cattle auctions were cancelled due to winter snow and brutal cold temperatures. Cattle on Feed 1% higher on Feb 1 compared to last year.
Tyson Foods announced additional incentives for frontline workers to receive vaccinations for COVID-19, including compensation for workers vaccinated outside of their normal shift or through an external source.
A winter storm and the coldest temperatures in decades has created another crisis for cattle feeders and beef packers. Rolling power outages and natural gas shortages at feedyards has hampered efforts to feed cattle.