The 5-Area Accumulated Average Cattle Price saw a little luck this week, jumping from $135.66 on March 7 to $137.88 on March 14.
The beef market continues to chug along at a record pace.
The U.S. Department of Treasury withdraws proposed restrictions on estate, gift and generation-skipping transfer tax.
U.S. live cattle futures declined for the third straight session on Thursday, pressured by technical selling linked to worries that rising wholesale beef prices were nearing a seasonal peak, traders and analysts said.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
There is ample capacity to rebuild the cowherd according to the demands of the market, but how it will be done is likely to be different.
The cash-led bull market continues, with both fed cattle and feeder cattle posting sharp gains. Live cattle and feeder cattle futures also recorded advances, but still trail cash bids.
Commentary from Jerry Gulke, Strategic Marketing Services, Chicago