Nebraska Cattlemen (NC) has aggressively advocated for property tax relief and reform for Nebraska's livestock producers, and calls today's action by state policymakers a major victory.
The August 2017 Feeder Cattle futures contract increased by $7.66/cwt. during November.
Record-high cash fed cattle prices helped boost cattle feeding margins over $280 per head last week.
Chipotle continues to be a hot commodity on the stock market despite its lack of popularity in agriculture circles.
USDA’s monthly cattle on feed report, released Friday afternoon, provides some bearish news for summer futures contracts.
In addition to 200 cattle dying because of alleged livestock neglect and another 200 cattle that were still alive have been removed from the property.
Meaningful change isn’t accomplished overnight. More often, it happens slowly by chipping away piece by piece until something new suddenly takes shape.
Lower feeder steer prices were most apparent on the Southern Plains as farmer-feeders in the Northern Plains kept prices steady.