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.
Packers resisted paying higher money last week right up to happy hour on Friday. The feet-dragging suggested their profit margins would look bleak when the dust settled.
While petting the family dog is nice, Americans—obviously, with too much time and disposable income on their hands—say there is something curiously satisfying to petting on a chicken.
Prices were higher for all classes of cattle for the week ended Oct. 13, with cash fed cattle trading at $111 per cwt., $2 higher. Cattle sold on a dressed basis at $175 per cwt., $2 to $3 higher.
Disagree with Uma Valeti, CEO of Memphis Meats, a tech startup making meat from self-reproducing animal cells, if you want. Just don’t dismiss his efforts to bring “real meat—without the animal—to the table.”
America’s cattle feeders earned an average of $323 on a cash basis for every steer and heifer they sent to market during the first eight months of 2017.
America’s cattlemen are among those hoping the North American Free Trade Agreement remains firmly in place, and that any modifications to the agreement are minor.
The ag community rallied around those impacted by the devastating March wildfires, but rebuilding will take years—and significant financial support. That’s why Farm Journal is proud to announce the Million Dollar Wildfire Relief Challenge, launching today, which enables you to help ranching families rebuild by doubling your donation.
