Ed Czerwien, market analyst based in Amarillo, Texas, offers a concise summary of last week's beef cutout trade -- and a crazy week it's been with panic buying happening at grocery stores around the country.
Plenty of unknowns surround the COVID-19 impact on cattle markets.
“You may wind up having to sell into a down market, so think about how you can keep this a bad year rather than the last year.”
Saudi Arabia and Russia are fighting each other over oil prices and production, but both have their sights set on damaging America’s oil industry.
Prices should improve noticeably compared to last year.
USDA recently lifted its ban on Brazilian beef imports. What are the implications? That and more awaits you in this week’s Trending Headlines.
It was a busy week at test auctions with nearly 9,000 more head at test auctions than the week prior. Prices rebounded as well on the prospects of a solid pasture grazing season.
While it’s a multi-faceted issue, the far-reaching effects of the coronavirus outbreak could affect U.S. beef markets.
Why import beef? Because it complements the beef we produce.