The fed cattle market propelled higher this week. In Texas and Oklahoma cattle were selling from $118-119.50. Most were still asking $125.
Due to the virus situation, there were sales held but were not reported by USDA. New Holland, Pennsylvania, did not report the sheep and goat sale that was held on Monday and San Angelo’s USDA market report for Tuesday was not available by presstime, most likely due to receipts of 6856 head for the sheep and goat sale.
Slaughter meat goats above and below steady. Goldthwaite light kids $15-20 higher, slaughter kids $10-20 higher, slaughter nannies $10-15 higher. San Angelo kids traded $10-15 lower. At Pawnee, Oklahoma last Thursday, slaughter kids sold $4-10 higher, slaughter nannies $10-20 higher.
Last week American Farm Bureau president, Zippy Duvall, addressed the media via teleconference to update them on ongoing efforts within the agriculture community to manage through COVID-19 crisis.
Last week Ethan Lane, vice president of government affairs for the National Cattlemen’s Beef Association, shared with media the impacts to the U.S. cattle industry and what the association is doing to try and protect the cattle industry during the COVID-19 crisis.
On March 19, Mountain States Rosen filed for protection under Chapter 11 Bankruptcy in Wyoming.
Like so many others, Sam Dove is a transplant to the Big Bend country. College brought him there, and he’s never wanted to leave. All Dove has ever wanted to be is a cowboy. Word is that he’s a good one, too, but he has also over his career managed three large cattle operations. He has roped mavericks but also spoken in corporate boardrooms.
The world is a different place from just a short few weeks ago or so it seems. Since COVID-19 has taken control of the world economy, markets have been incredibly volatile, and the cattle market is no exception.