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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Corn exports remained active the week of May 7, but weak soybean, cotton, and sorghum sales kept attention on China and late-year demand.
Higher food costs are showing up beyond the grocery aisle, with some major restaurant chains shrinking their U.S. footprint.
USDA officials are increasing surveillance and sterile fly dispersal efforts as New World screwworm cases continue growing in Mexico near the Texas border.
Firefighters continue battling multiple wildfires across southwest Kansas as drought conditions fuel fire danger and raise concerns about additional cattle herd liquidation.
