After a mostly sluggish April, market-ready fed cattle saw a solid rally in the North and steady money in the South. Futures markets began to look past the psychologically bearish H5N1 virus news.
Consumer interest in beef this summer has been the driver supporting the beef cutout price, and the market is building some positives headed toward Labor Day.
As cattle markets wrestle with supply generated from the largest feedlot inventory since 1996, demand is relatively strong and has partially offset the downward pressure on prices.
A Wichita Falls, Tex., man has been arrested in a case that encompasses more than 10 counties in Texas and Oklahoma, 8,000 head of cattle and outstanding loans of more than $5.8 million.
New tensions have arisen in the Mexican Wolf Recovery Program after a New Mexico rancher pleaded guilty in federal court in May to knowingly taking threatened wildlife.
America’s illegal lemonade stand industry operates under-the-radar of local authorities, popping up one day and gone the next. Prices are unregulated and authorities have mostly given up trying to collect sales taxes.