The beef market continues to chug along at a record pace.
Fed cattle traded steady to $1 higher, supported by gains in CME futures. Feeder cattle were steady to $4 higher.
The U.S. Department of Treasury withdraws proposed restrictions on estate, gift and generation-skipping transfer tax.
Chicago Mercantile Exchange live cattle futures settled mixed on Thursday after an up-and-down session, supported by futures' discounts to preliminary cash prices but pressured by profit-taking, traders said.
Last week’s $8.50 rally in the cash market was sorely needed, but closeouts remain $29.65 per cwt. short of break even.
Read and watch more about pilot ethanol plant in Vonore, Tenn., which will product cellulosic ethanol by using switchgrass.
Use the following Microsoft Excel spreadsheet, courtesy of Ken Rulon, to plug in your costs to compare conventional tillage and no-till.
Last week's fed cattle rally improved cattle feeding margins $100 per head.