Sens. Elizabeth Warren (D-MA) and Cory Booker (D-NJ) released the responses to their investigation of whether the Big Four meatpackers used the COVID-19 pandemic to increase exports and domestic prices, while failing to maintain worker safety.
It’s ironic that a new live cattle marketing program to test the cash market was announced just days after NCBA’s live cattle marketing meeting. Out comes a new, but old concept.
To my fellow public land ranchers,
In any typical year, you would be celebrating your new calf or lamb crop, having your first round of branding, or worrying about when it is going to rain. Instead, this year you are monitoring the markets and questioning what the industry will look like in the future.
Cattle markets are slowly recovering; fed cattle are trading between $115-120 live and $180-190 dressed. Feed costs are also dropping, which will certainly cheapen up these cattle. We may even see some positive breakevens.