The cattle economy has seen a strong few weeks in the market. Western Livestock Auction, which has been in business for three decades, says they’ve never seen as many cattle as they did last week at the Oklahoma National Stockyards – and yet prices remain strong. This puts producers in a bit of a tricky situation, as they weigh the cost-benefits of holding onto cattle or selling them.
And those green pastures are prevalent across a large portion of the country: the latest USDA crop progress report rated national pastures at 46 percent good-to-excellent.
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What can these facilities do to protect themselves? I wrote about this issue last spring, and since that time, the U.S. Court of Appeals for the Eighth Circuit has issued a significant opinion. That makes an update in order.
RanchHER is gearing up for a season on RFD-TV, and host FarmHER TV Kirbe Schnoor is helping spread the news from NCBA Cattle Con!