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Approximately 90 million continue living under a form of lockdown orders in Hong Kong and surrounding areas, resulting in decreased meat consumption and import issues.

Feeder cattle markets have been in transition for several months and more transition is ahead. A strong uptrend in feeder prices is now reflected in Feeder futures prices, which may offset typical seasonal patterns.

Cattle feeders began last week optimistic that the market trend would be higher, but those ideas were quickly squashed as futures prices began trending lower.

The U.S. House of Representatives’ Agriculture Committee will hold a hearing on April 27, 2022, on anti-competitive behavior by the nation’s largest beef packers.

The Northwest Seaport Alliance is partnering the USDA to bring the Port of Seattle a 49-acre pop-up site that will accept both dry and refrigerated agricultural products for temporary storage.

Cash fed cattle prices traded mostly steady in what most describe as a disappointing market. Cattle feeders began the week asking higher prices but cash bids of $138 bought most cattle in the South.

The fundamentals in both the grain and livestock markets didn’t change this week. So, why did prices see such a volatile trading week? Joe Vaclavik and Don Close break down this week’s market action on U.S. Farm Report.

The owner of a Kansas City barbeque joint says he’s “embarrassed” by brisket prices. He wants customers to “order anything besides the brisket and burnt ends.” Have the Biden folks read the history of the Nixon debacle?

A foreign leader addressing a joint session of Congress this week was a rarity. Not to be outdone, the partisan and often cantankerous members of the U.S. Senate passed legislation unanimously on a voice vote!

Even with Russia removed from the global fertilizer market, it still doesn’t create worst-case scenario. StoneX Group says China could make the situation worse, as China and Russia account for 40% of global phosphate.