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Modest packer participation in all regions led to another disappointing week for cattle feeders trying to push the market higher.

Lawmakers introduce a bill to send an energy rebate any month the national average gas price exceeds $4 per gallon for the remainder of 2022.

USDA now expects food price inflation in 2022 to be from 4.5% to 5.5%, compared with 2021, based on the all-food Consumer Price Index. No category shows a potential decline.

Fed cattle trades began the week at steady before finding higher bids late week. Cattle on feed numbers remain high as USDA reported a 9% increase in February placements over last year.

Under Secy. Moffitt says her objective is to ensure producers have access to USDA dollars: “We see there’s a need for qualified technical expertise to capture the projects for producers and MPPTA will address that.”

The North American Meat Institute issued a statement regarding House Agriculture Committee Chairman David Scott’s announcement of an upcoming hearing on the beef industry and food prices.

While inflation has become a focus of many recent news reports, there is much confusion about how inflation affects farm and ranch income.

Science suggests “Tornado Alley” may be expanding

U.S. and Japanese officials announced an agreement allowing American producers to meet Japan’s growing demand for U.S. beef while lowering the risk of Japan imposing higher tariffs in the future.