Information is so available it's unreal. This reality made it ironic to be in the NCBA's cattle marketing committee meeting at the Cattle Industry Convention debating transparency and the need for more information.
Fears of the coronavirus continue to haunt the stock market despite the Federal Reserve’s efforts to calm it. Live cattle prices have dropped to numbers producers and traders haven’t seen in nearly a decade.
Cattle producers continued to be in the crosshairs of the chaos in the global markets. In the south producers found $110 was the best trade they could get, with cattle trading as low as $105 by the end of last week.
The United States Cattlemen's Association (USCA) called on the U.S. Department of Agriculture to take immediate steps to address the impact the Coronavirus (COVID-19) is having on the U.S. cattle market.
The U.S. and global economy is in uncharted waters. There are many unknowns about the timing, severity and aftermath of the disease. For beef, there are longer-term questions about the overall impact on demand.
Cattle markets will continue to be influenced by uncertainties from coronavirus, and the sharp selloff in financial markets. The DOW closed the week with a 1,985-point gain (9.4%), the DOW’s largest ever one-day gain.
One of the most high-profile events in farm country affected by coronavirus concerns is the Houston Livestock show and Rodeo. Some producers had to pack up and leave for home while others didn’t even make the trip.
A New Zealand beef company launches an aggressive campaign designed to court American consumers. Touting the attributes many consumers say they desire, Silver Fern Farms provides a glimpse of your foreign competition.