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Farm Bill Showdown, Cattle Breakout & Hormuz Pressure | Friggin' Farm & Ranch Report | 04/27/26
Description
Monday’s show covered the live farm bill fight, a cattle market that keeps firming, and why the Strait of Hormuz still matters to ranchers.
June live cattle closed at 244.875 for a third straight session above Matt’s 242.875 floor call, while USDA’s April Cattle on Feed report confirmed 11.6 million head on feed, placements down 7%, and marketings down 6%. Boxed beef flipped back with Choice at 387.00 and Select at 386.07, and Joplin’s 4-weight steers were sharply higher even as heavier cattle stayed under pressure.
The show also hit SCOTUS arguments in Monsanto v. Durnell, SDRP payment changes from USDA, rural hospital pressure from UnitedHealthcare, and the crude/diesel risk tied to continued Hormuz escalation.
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