Latest News From Greg Henderson

Cattle and hogs prices both moved higher last week and both enterprises posted profits on closeouts for the first time in several months.

“Rules? In a knife fight?” Harvey Logan, in a scene from “Butch Cassidy and the Sundance Kid,” was incredulous at the suggestion.

This week's higher cash and futures prices have traders looking for additional gains next week. Packers gave up some leverage but their margins remain excellent.

R-CALF USA has filed a new lawsuit in the U.S. District Court for the District of Columbia challenging the Beef Checkoff over amendments made to the program by the U.S. Department of Agriculture.

R-CALF and the National Farmers Union ask the Federal Trade Commission to correct “substantive conflicts” seen between existing federal law and USDA’s “past, present and future meat labeling schemes.”

Wisconsin beef processor Strauss Brands is seeking approval to build a new 152,000 square-foot packing facility that will process between 250 and 500 head per day.

Cattle prices were softer across all regions last week despite cattle futures prices regaining some momentum. Wholesale beef prices also declined after the Labor Day holiday.

Another incidence of senseless killing of cattle has occurred, this time in Arkansas.