Heifers catching up
Indicators held steady this week, posting only slight declines as feeders and restockers competed for the top lightweight cattle in the south. Indicators this week tracked sideways as yardings inched a little bit higher this week to 68k head. National cattle slaughter continues to hover at the peak with last week’s count eclipsing 156k head. […]
Poor quality puts prices under pressure
Sheep and lamb indicators lost significant ground across the board this week, with all national prices closing the week lower. This looks to be on the back of deteriorating quality as the market gets to the tail end of old lambs and waits for a larger influx of new season stock. Also, despite total slaughter […]
Politics, the USDA, and a big wet blanket
If you ever needed proof that politics can steer commodity markets, this week offered two textbook examples. First, President Trump posted on Truth Social that “China would likely quadruple its U.S. soybean imports.” The comment, more hopeful than factual, was enough to send the soybean market sharply higher. The very next day, China slapped a […]