The beef sector received some anticipated data on Friday with the release of the Cattle On Feed report and the recently reinstated biannual inventory report, which both show some downward trends for the market.
Dr. Derrell Peel with the Oklahoma State University joined RFD-TV’s Suzanne Alexander to talk about the data highlights, what is contributing to the numbers, and the impact of New World Screwworm.
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Dr. Derrell Peel says the longer the border remains closed to Mexican cattle imports, the more likely some industry changes could become permanent.
The state-level focus is split between labeling and sales restrictions.
Farm CPA Paul Neiffer says producers forced to sell livestock due to drought may have several tax options available.
Ted Odle discussed buyer demand, current pricing trends and upcoming summer and fall cattle offerings.
