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The fall feeder run is in full swing with calf prices moving counter-seasonally higher. It is typical for the middle two weeks of November to have the largest weekly auction totals for the year.

The cash fed cattle market found its way higher again last week, with four or more packers in the market all fighting for cattle every week for the first time in two years.

Tyson Foods Inc beat quarterly profit estimates on Monday and forecast fiscal 2022 revenue above market expectations on rising meat prices and improving demand from restaurants that reopened after COVID-19 restrictions.

The rally in cash fed cattle prices continued this week with packers searching for inventory and bidding higher money. Cattle feeders have some leverage for the first time in a long time.

Brazilian authorities said two reported cases of a neurodegenerative disorder in Rio de Janeiro were not related to BSE, but NCBA calls on Secretary Vilsack to immediately suspend all imports of fresh beef from Brazil.

Inflation levels are now at levels the U.S. hasn’t seen in three decades. The latest Consumer Price Index (CPI) showed a 6.2% spike over the past 12 months, the largest increase since 1990. Beef prices are up 20%.

The American Angus Association concluded its fiscal year which marked the seventh-consecutive year with more than 300,000 registrations, and the breed surpassed 20 million registrations overall.

Aurora Pharmaceutical Inc., headquartered in Northfield, Minnesota, is offering scholarships to five students in the inaugural class at the Texas Tech School of Veterinary Medicine in Amarillo.

Adding seaweed to animal feed to reduce methane gas released into the atmosphere by ruminants’ is a relatively new idea. Early laboratory research at IGFS has shown promising results using native Irish and UK seaweeds.