The Cattle Business Weekly
For cattlemen, by cattlemen is this podcast bringing you the latest in cattle industry headlines straight from the news desk of The Cattle Business Weekly in South Dakota. It's a dose of what's happening in markets, on the ranch and in Washington, D.C. It's news about everything that impacts a cattle operation's bottomline (aka profit). Listen to us in the feed truck, on the way to a cattle sale or on the porch with a beer! We promise you won't go away without having learned something.
The Cattle Business Weekly
Market Mayhem
Over the last several weeks, we have seen a lot of mayhem in our cattle market. The recent announcement that Tyson Foods will be closing the processing plant in Lexington, Neb., sent traders into a frenzy, pushing the futures market down, down, and further down. Adding fuel to the fire, on Nov. 13, our government lifted the 40 percent tariff on Brazilian beef. This goes to show how volatile our current market is. We have reached new record cattle prices, and any slight negative news shifts the markets drastically. The downturn in the market did not reflect the current USDA...