Saudi Cash Is a Bonanza for Once-Distressed Beef Bonds in Brazil
The August 2017 Feeder Cattle futures contract increased by $7.66/cwt. during November.
Panic meat buying emptied shelves and drove the Choice beef cutouts nearly $48 per cwt. higher. Cash fed cattle were higher, but not at a proportionate level.
Beef cattle producers in Kentucky have voted to assess themselves an additional $1 per head on cattle marketed in the state.
Kentucky beef cattle producers voted to assess themselves an additional $1 per head on cattle marketed in Kentucky in a statewide referendum held in November.
The 5-Area Accumulated Average Cattle Price dropped yet again this week, moving from $101.12 on October 10 to $97.57 on October 17.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
Fed cattle prices set new record highs this week.