Oh, grandpa 😂

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It's been discussed the past several years that eventually there'd be a time to "sell livestock and buy grains." This week felt like we'd begun that time. If we take a breathe and look big picture, we have to understand there's a lot of fear around the possible strike in Greeley. We should also consider the "month-end" factor, and that some traders might have wanted to balance up going into the weekend. Will a new month bring new money next week? Will the JBS workers actually go on strike? Well feeders in the barns get any softer to follow the board? Will cash stabilize once these packers get worked through their contracts and start buying for the middle-end of March? Will the consumer force the packers to fight for inventory in March, or April, or May?

A thought I had today, which I believe has been a factor in this bull market, would be you producers working together to use leverage for higher cash. New marketing groups have formed over the last 5 years, giving many the information on current cash bids that they might not have been getting. Beyond the marketing groups, social media played it's part for a while, watching people post bids and trades on Twitter back in the day. I also think technology has played a big part in that. As of recent, there's a new cash cattle app I think is gaining popularity by giving real time Cash Bids and Trades. If you go to your app store, search for the app called CattleBoard, you'll find a really cool tool that has been very helpful to many producers. The emblem looks like the one shown above, check it out.

I will say some of those questions could find answers in the next two weeks. Until then, all you can do is manage your risk, eat a steak, eat a pork chop, and eat a double bacon cheeseburger this weekend. Enjoy the weather and say your prayers for a turn around next week.

-Fat cattle kill at 86,000 vs 89,000 a week ago and 107,000 a year ago

-Choice boxes up 1.95 to $379.84 and select up 3.52 to $374.31 for a spread of 5.53 on 74 loads

-CME feeder index(Feeder LRP Settlement) for 2/26 came in at $372.79

-Fed Cattle LRP’s ending last week settled at $246.62

-Hog kill at 477,000 vs 443,000 a week ago and 479,000 a year ago.

-Afternoon Pork reported up .39 at $97.77 on 269 loads

-CME lean hog index on 2/25 reported at 89.12

-CME pork cutout index on 2/26 reported at 97.02

-LRP’s ending 2/27 settled at approximately $89.43

5”-10” of rain is possible from eastern sections of OK/TX to northwest OH. These heavy totals can still shift east or west by 100-300 miles. But, regardless they will occur over some big drought areas. The rest of the WCB (Western Corn Belt) will see 2”-4”. The Dakotas to west TX should see 0.10”-1” with some locations seeing 1”-2”

Above all else, farming is a life of hope.