In my opinion, the Mexican border issue with the New World Screw Fly is a moot point.

An over 3 to 1 gain of feeder prices over fats today continues to increase negative margins.

Futures traders are showing more reserve today.

Cattlemen are anticipated to use the cheaper feed stuffs to increase weights, simply because they sell cattle by the pound and at the price spreads between weight classes, they will need all the pounds...

A part of the rationing of cattle, to maintain an adequate beef supply, has been to grow cattle bigger and increase imports of lean trimmings.

Comments read this week of a 200,000 head increase in the dairy herd in 2025, the biggest increase in 40 years, caught me by surprise.

I would anticipate some reflection to take place this weekend when volume of sales and prices are tallied.

It appears no one is left that doesn't know how difficult of a profit margin position the cattle feeder, and producers as a whole, have placed themselves into.

Only $6.47 in the spread between March feeders and August fats to the previous historical spread width of $136.67.

With the higher price action of '25, and losses incurred,  rationing has begun to contract processing capacity.  I anticipate the same in production capacity as noted by other analyst's that some states...