Livestock and Grain Markets, Prices & Futures

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Latest News from Markets
R-CALF USA has asked President Trump and House and Senate leaders to conduct a review the beef supply chain and consider “whether a physical and geographical restructuring of the meatpacking industry is required.”
“We need more small plants!”—-The tiny violin solo of the beef industry. To start: there are 853ish USDA beef kill plants in the US, the big four run 27 of them.
USDA’s monthly cattle on feed report estimated March placements to be the lowest since the data series began in 1996.
Cargill’s High River, Alta., beef harvest facility has slowed to one shift beginning this week to prioritize the health and safety of employees, reducing harvest to about 1,500 head per day.
Dozens of workers at Tyson’s Pasco, WA, beef plant have tested positive for COVID-19, but the plant will remain open under heightened health and safety procedures.
JBS USA says its Greeley, Colo., beef plant will be closed through Tuesday for “deep cleaning” in an attempt to stop the spread of COVID-19 among its thousands of employees. Two employee deaths have been reported.
Another steep decline in both fed cattle and feeder cattle was reported last week. Negotiated cash fed cattle sales were the second smallest since mandatory price reporting began in 2001.
The National Cattlemen’s Beef Association and Nebraska Senator Deb Fischer are asking President Donald Trump to investigate possible irregularities in the cattle markets over the past several weeks.
Officials in Weld County , Colo., and Hall County, Neb., are monitoring cases of COVID-19 that are linked to JBS USA beef packing facilities.
Unprecedented volatility in fed cattle markets during March produced a strong increase in negotiated cash sales from feedlots to packers the final two weeks of the month.
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