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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The USDA NASS report also confirms lower August placements.
Chad Collin, founder of The Quack Pack USA, joined us on Friday’s Market Day Report to share his expertise in training Border Collies to serve as indispensable farm and ranch dogs.
Lawmakers and ag industry groups welcomed the confirmations, citing the direct impact of these leaders on western ranchers, water and land management, conservation programs, and regulatory reform.
All eyes will be on today’s Cattle on Feed Report, which analysts say could give a clearer picture of where the market goes next.
Now the Senate must pass a version of the spending bill before the Sept. 30 deadline.
