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.
Minnie Lou Bradley, president of the American Angus Association in 2004, often reminded the board of directors of decisions other breeds made. "I asked them, ‘Are we gonna stay on top, or do something foolish?’"
The cash-led bull market continues, with both fed cattle and feeder cattle posting sharp gains. Live cattle and feeder cattle futures also recorded advances, but still trail cash bids.
Profit margins for both beef and pork producers moved slightly higher last week, ending a month-long downward trend. Both sectors remain solidly profitable.
In a letter sent to the board of directors at the American Angus Association last month, 15 employees expressed concerns over the organization’s management and called for the removal of CEO Bryce Schumann.
Stocker and feeder cattle were called unevenly steady to $3 per cwt. higher for the week, though prices on popular weights leveled off after last week’s rally.
Industry analysts expected cattle herds to decline by about 1.5%, but USDA’s total came in about 250,000 head lower than pre-report estimates--a 2% decline.
You’ll want to watch the first quarter of Sunday’s Super Bowl when Chevrolet debuts its 60-second commercial. But we have a sneak peak if you just can't wait.
The nation’s largest livestock groups have vowed to oppose final passage of the farm bill if Congress fails to change current country-of-origin labeling laws.
Feed and forage represents your largest annual production costs, and they provide the greatest opportunity for you to make significant changes in a short period of time.