The U.S. Fish and Wildlife Service plans to reinstate rules protecting endangered plants and animals, action that would reverse changes made during the Trump Administration that weakened the Endangered Species Act.
A federal judge in Minnesota dismissed the claims filed by a putative class of cattle ranchers in a long-running case that alleged an industry-wide scheme to fix prices.
Fed cattle trade was called moderate to active in all regions with lower prices. Friday's cattle on feed report saw significant reductions in feedyard placements.
Cattle inventories simply are not large enough for the packer to build any market leverage. Reluctantly, packers bought cattle at steady to higher money and cowboys will seek more this week.
Less than a month before an Arizona rancher is set to stand trial in the shooting death of an illegal immigrant, prosecutors will ask the court to dismiss one of the two charges.
Cash cattle trade was sluggish as feeders and packers dig in their heels. Feeder cattle and calf prices continue marching higher even as drought sends some early-weaned calves to market.
Cattle feeders continue to gain market leverage as packers see pressure from declining wholesale beef prices. Pork producer margins remain solidly in the black.
President Joe Biden on Tuesday designated his fifth national monument in Arizona, an action embraced by Native American tribes in the area and opposed by mining companies and cattlemen.
Packers are picking around the edges and dragging their feet when looking at higher asking prices, but the bull market remains in place with the cattle feeder gaining leverage each week.
The state's key witness in the trial of an Arizona rancher accused of killing a Mexican citizen trespassing on his property last January had previously served time in a federal prison for drug smuggling.
Packers have reduced harvest and employed other tactics in an effort to regain positive margins. Pork producer margins took another step higher as lean carcass prices advance.
What should you expect to pay for custom baling or silage chopping? A new report from the University of Nebraska may offer guidelines. A webinar covering the livestock-specific report will be held at noon on Thursday.
Cattle feeders held firm to higher asking prices and packers continued to wave lower bids with only a few cattle trading hands. Leverage remains in the feeder’s hand as packers must begin filling Labor Day orders soon.
The spread between cattle feeding margins and beef packer margins has now reached $500 per head as packing losses increase. Pork producer margins are the highest of the year.
Packers and cattle feeders spent the week in a standoff ahead of USDA's dual July reports that were bullish as expected, suggesting a 3% decline in cattle inventories and a 2% decline in cattle on feed inventories.
There’s a $400 spread between cattle feeding margins and packer margins – now in the cowboy’s favor. Cattle harvest is lower as packers reduce hours, a signal their margins are in the red.
Generally, a good week for agriculture with cattle steady to stronger despite a significant rally in the corn market. Packers try to hide their hand, but without inventory they must pay up to keep plants running.
Last week produced the lowest feed costs and lowest break evens for pigs placed in the finish barns since December 2021. Cattle feeders also saw declining feeding costs.
If there was an industry-wide BOLO system (be on the lookout), packers would have used it this week as they seek to build an inventory of market-ready cattle to fill their post-July 4th needs.
If a seasonal price decline develops as anticipated, this year’s starting point for cattle feeders is the best in a decade. Pork producers notch their second week of modest profits.
After pleading guilty in January to mail fraud in connection with misrepresenting and underreporting cattle he grazed on Bureau of Land Management range, a Montana man receives probation and ordered to pay restitution.
Wholesale beef prices continue to support packer margins even as negotiated cash cattle trade well-above the five-year average. Pork producers enjoy a market rally that has lifted margins out of the red.
Negotiated cattle traded lower for the second consecutive week and the Cattle on Feed report surprised with a placement total significantly higher than expected.
Many similarities exist between today's cattle market and that of a decade ago. But this year’s market is not, as Yogi Berra once said, “déjà vu all over again.”
Cattle feeders saw their margins shrink $70 per head last week as a modest increase in market-ready supplies led packers to sharply cut their negotiated purchases.
Cash cattle prices retreated from the previous week's historic highs and a seasonal decline was to be expected. Analysts, however, believe another rally is brewing later in the season.
The Food and Drug Administration would have authority to inspect large feedlots linked to salmonella outbreaks and other foodborne illnesses under the Expanded Food Safety Investigation Act.
A significant rally in fed cattle over the past three weeks confirms the front-end supply of cattle remains extremely current and cattle feeders have been willing sellers driven by good profits and a strong basis.
Profit margins for cattle feeders and packers continue pacing in opposite directions as shrinking supplies of market-ready cattle drive negotiated cash prices higher.
While serving as an inspector at the southern U.S. border, a Laredo, Tex., man accepted bribes from Mexican cattle brokers to allow cattle to enter the country without proper quarantine or inspection.
Packers were aggressive bidders in all regions as cash fed cattle markets made historic late-season moves higher in the holiday-shortened trading week.
Packers unexpectedly found themselves chasing a limited supply of higher-grading cattle last week and the result was sharply higher prices in the North.
U.S. House Agriculture's Subcommittee hearing on Wednesday provided an opportunity for animal agriculture stakeholders to detail their priorities they hope to achieve from lawmakers actions.
After Tyson Foods reports anemic first quarter sales and downgrades its forecast, The Wall Street Journal editors wrote, “This doesn’t look like an antitrust conspiracy or market oligopoly.”
Grilling season set to kick off as both packers and cattle feeders operating with profitable margins. Pork producers continue the struggle to reach profitability.
Negotiated cash cattle prices declined for the third consecutive week in a moderate to active trade. Wholesale beef prices also declined yet remain above seasonal averages.
A fraudulent cattle scheme allegedly orchestrated by a Kentucky cattleman has left investors and a financial institution reeling under a $100 million loss.
Packers have navigated through the tightest supplies of the season while maintaining profitability. Now, supplies are anticipated to increase seasonally which could swing more leverage in their favor.
Wholesale beef prices hit a recent low the end of March at $280.51 per cwt., but the steady march higher since then put Friday’s close as the highest Choice cutout value for that week on data available back to 2004.
Cash cattle traded lower in all regions while feeder cattle and calves were mostly higher. Many analysts remain optimistic that the spring highs are yet to be seen.