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.
As technology advances the range of sensor applications will continue to expand as will the duration of data collection.
Top Dollar Angus seeks a knowledgeable, passionate and hardworking leader to assist in further expanding its seedstock partnership and feeder cattle programs.
Stepping into a cattle pen, we naturally act the predator, manipulating where animals go. But good handling practices should turn us into leaders, says Kip Lukasiewicz.
Cash cattle trading started early last week as cattle feeders in Texas began on Monday by accepting cash bids a dollar lower.
Markets will no doubt evolve this fall and producers must continue to evaluate winter grazing potential under dynamic market conditions and profit potential may vary widely.
Cattle feeders are anticipating that the current run up in the cash market may have hit the peak and could plateau before long.
Friday's USDA cattle on feed report held a few surprises for cattlemen, and analysts are finding the available data a challenge after the turbulence witnessed the first half of 2020.
Cattle prices rallied for the seventh consecutive week, adding $12 per cwt. over that span. Cattle on feed numbers were up 2% Aug. 1, with July placements up 11%.