Where a recent comparison could be made, sheep markets were higher on all classes. New Holland, Pennsylvania, and Billings, Montana did not offer a comparison, but San Angelo was $10-15 higher on feeders and $15-25 higher on slaughter lambs. Goldthwaite was sharply higher. Hamilton sold steady to $10 higher.
The fed cattle market seems to be stuck in place. Saturday’s kill was record large and the hope is that will continue for another few weeks in order to get the backlog of cattle cleaned up. As of presstime few trades had occurred. The asking price was largely $120. Last week’s going rate was $119.75.
San Angelo kids $20-30 lower, slaughter nannies firm to $10 higher. Hamilton slaughter kids and nannies steady, feeders sold higher. Goldthwaite light kids $5-10 lower, slaughter kids steady to $5 lower, slaughter nannies $10 higher, replacement nannies steady. New Holland, Pennsylvania showed no trend due to pre-holiday week. Fredericksburg kids remain steady.
Global economies are on the rebound as the COVID-19 pandemic begins to wane. One of the big beneficiaries of that rebound is beef and pork exports for which demand is extremely strong.
Animal welfare, sustainability and other related issues are topics that animal rights activists continue to take to the court of public opinion.
Move over oil, green energy is moving on up.
Kaycee Feild can add another line to his decorated ProRodeo resume.
Today, we will kick off Talking Taxes. We are going to focus on three federal taxes that arise frequently for farm and ranch families when it comes to estate planning: the estate tax, the gift tax, and the capital gains tax.