Cattle Futures Plummet
On Friday, the cattle market faced significant challenges, closing at the day’s lowest prices. This downturn was largely due to ongoing sell-offs as rumors circulated about workers at the JBS plant in Greeley, Colorado, planning a strike. They’ve indicated that they plan to notify JBS of their intentions next week. While I haven’t seen an […]
Cattle Futures Decline Ahead of Cattle on Feed
The cattle market experienced a notable downturn on Friday, largely influenced by the impending ‘Cattle on Feed’ report. Traders seemed more anxious about a potential strike at the JBS Greeley plant in Colorado than the strong spot market where JBS continues to buy slaughter cattle. While negotiations are ongoing, there’s a flood of negative commentary […]
Cattle Futures Decline as Cattle on Feed Rise
The cattle market experienced a significant decline on Friday, reacting strongly to the upcoming ‘Cattle on Feed’ report. Many traders seem more worried about a potential strike at the JBS Greeley plant in Colorado rather than the current strength of the spot market, where JBS is still actively buying slaughter cattle. While negotiations are ongoing […]
Mike Tobin delves into cowboy heritage in ‘Cattle Drive: American Cowboy’
The Life of America’s Cowboys Even in this modern age filled with digital conveniences, many of America’s cowboys rise long before dawn to do the crucial, often unrecognized work of putting steak on our tables. While most of us rush around trying to catch flights, meet deadlines, or grab dinner reservations, these dedicated individuals are […]
Grains Decline Alongside Macro Markets, Year-End Adjustments: Mixed Results for Cattle
Grain prices wrapped up Monday with some mixed downturns in livestock futures. Grains decline as year-end adjustments take holdThe grain markets saw a drop on Monday, largely due to low trading volume as hedge funds and money managers engaged in year-end adjustments. Kevin Duering from KD Investors noted that algorithmic trading influenced the market even […]
Texas cattle rancher is pleased with Trump’s renewed attention to profit margins.
Challenges in the Texas Cattle Industry LA GRANGE, TEXAS — As you drive along the winding Highway 71, you can see the towns tucked away amidst the expansive meadows. This area feels down-to-earth—most folks work hard, dirt on their boots and smiles as constant companions, even under the Texas sun. In this softer corner of […]
Cattle Futures Surge on Significant Cash Increase, but Will the Momentum Continue? Grains Remain Steady
Cattle and hog futures experienced an increase early on Friday, while grain prices showed a mixed pattern. Cattle futures surge due to significant rise in cash Live and feed cattle futures saw a spike on Thursday, with buying momentum carrying into Friday morning. This surge was largely attributed to a notable uptick in cash sales […]
Cattle Finish Monday at Maximum Loss
Live Cattle Market Update Live cattle futures saw a significant drop on Monday, with most contracts losing a limit of $7.25. An extended limit of $10.25 has been set for Tuesday. There was a brief cash transaction in the Western Corn Belt reported by the Department of Agriculture at $208. Last week, spot trading prices […]
The smallest cattle herd in decades is contributing to higher beef prices.
U.S. Cattle Herds at Record Low American ranchers are currently dealing with the smallest cattle herds seen in 70 years. A combination of years of drought, escalating costs, and an aging workforce has severely impacted cattle numbers nationwide. Ranchers and agricultural economists seem to agree that rebuilding these herds will take quite a while, and […]
Tyson Foods will shut down a beef plant in Nebraska due to a decrease in cattle supply.
Tyson Foods to Close Nebraska Beef Plant Amid Declining Cattle Supplies Rep. Troy Downing from Montana appeared on “Morning with Maria” to talk about the economic impact of a government shutdown, surging beef prices, and the president’s $2,000 relief proposal as inflation and national debt concerns rise. In a recent announcement, Tyson Foods stated it […]