Beef packers could be moving into a period with smaller inventories, which may prompt them to push prices higher. CME futures prices will again have an impact on the cash trade.
NCBA released a statement highlighting federal programs that are available for cattle producers across the country who are being impacted by wildfires, hurricanes, drought, and other natural disasters.
China has suspended imports from an OK Foods poultry plant in Fort Smith, Arkansas, because of coronavirus cases among workers, the USA Poultry & Egg Export Council said on Tuesday.
"For too long, cow-calf producers across the nation have marketed our cattle with one hand tied behind our back. The culprit has been an ever-growing lack of price discovery."
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.
An increase in horses showing signs of equine asthma during crop harvest season is possible as horses pastured near fields may be exposed to dust when crops are harvested.
Packers took on more inventory last week, which allows them to sit out and leverage the extra volume to push the market lower with potential extended delivery periods.
