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Cash prices charged higher in feedyard country this week, leaving CME futures in the dust. Feeder cattle recovered most of the previous week’s losses.

The Beef Checkoff and fifteen state beef councils won a major court victory as the U. S. District Court of Montana ruled in favor of USDA and the Montana Beef Council in the matter of R-CALF vs. Sonny Perdue and USDA.

The current cattle market situation creates significant disparities between the current supply and demand situation and expectations for coming supply and demand conditions.

Cattle prices are on a historic ride. Producers are trying to make sense of it all, as well as industry insiders, as the COVID-19 story is far from over.

Texas congressman Mike Conaway told AgriTalk radio he believes an investigation into packer profits is likely, but encourages cattlemen and processors to continue working to feed Americans during the COVID-19 crisis.

Part 5: Industry Structure

Part 6: Labor

Bart and Wendy Morris run Oxbow Cattle Company in Missoula, Montana, with an innovative approach to community outreach—their f2m store.

USDA’s January 1, 2020 Cattle report estimated 94.4 million head in the U.S. cattle herd, slightly below last year’s total.

There was some hesitation among buyers this week as the CME futures had a downward turn and sell-off early in the trading period. Steers and heifers sold lower at auctions.