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Missouri Congresswoman Vicky Hartzler introduced the Optimizing the Cattle Market Act of 2021 in the U.S. House. If enacted, the bill would direct USDA to build a cattle formula contracts library.

USDA announced plans to invest more than $4 billion to strengthen critical supply chains through the Build Back Better initiative. Funding is provided by the American Rescue Plan Act and earlier pandemic assistance.

Lawmakers continue calling on the Department of Justice to complete their investigation into the meatpacking sector, and whether or not anticompetitive practices have contributed to an imbalance in the cattle markets.

Ranchers require access to an integrated solution that can link their knowledge and experience to data that combines the likes of soil management, forage capacity and rainfall.

Cash fed cattle traded at steady prices for the third consecutive week. Wholesale beef prices continued their advance, sparked by smaller than expect cattle slaughter early in the week due to the cyberattack at JBS.

The fed cattle trade last week continued down the same path that we have seen for several weeks. The upcoming weather forecast of hot weather will not be helpful for the backed-up cattle supply.

Black swan events are always possible, but with a little luck, cattle markets will settle back into more typical dynamics and we can get a break from the action-adventure roller coaster of the past two years.