The cattle markets continue to move at unimaginable levels. Cash cattle are at record highs, up $10 to $12 from the previous week. From week-to-week, June live cattle futures increased $10.83 and August feeder cattle gained more than $11. “The inventory of cattle was extremely tight and than we stopped bringing cattle in from Mexico (due to New World Screwworm), that didn’t help,” said Tommy Grisafi, Nesvick Trading Company. “Not to mention, demand is good. Stores are buying beef and pork today to get ready for the 4th of July, they have to place those orders to get that meat in the store; it is a wild ride.” This entire interview includes RRFN’s Don Wick and can be found on the Ag Bull Media YouTube channel.
