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.
Related Stories
After devastating wildfires swept through Nebraska, Sen. Deb Fischer is championing a bill to expedite the relief process for farmers and ranchers. She joins us with updates on recovery efforts, conditions on the ground, and how the ag community has stepped up to help.
Policy clarity will determine the trajectory of soybean crush demand, but producers in Kansas have shown that expanding local crush capacity strengthens basis and marketing options.
Growing milk supply may pressure prices ahead.
Tight supplies are driving stronger early-year cattle prices.