Farmers and ranchers in the area continue responding to last week’s hurricane and tropical storm, making sure the cattle have plenty of feed and clean water. A lot of water, of course, around, but making sure it’s not contaminated, analysts say is as important as having feed, but clean water is also important. We watched the cattle trade, December live cattle.
222 is a key number to watch here the rest of the week. It again, December gained over five and a half dollars overall last week, but a lot of that came late week. This is the bottom-line report.
Analysts looking at box beef prices and load counts and telling a tale in their view, perceived as declining consumer demand once and for all. There’s a lot of humming in the grapevine. One analyst wrote about beef backing up.
We’ll keep an eye on that as well. That’s our bottom-line at midweek.
Audio Reporting by Mark Oppold for Southeast AgNet.