The cyber attack on JBS sent a shock through the markets, but JBS was already re-opening plants on Wednesday. Today’s estimated slaughter was back up where it was previously – if not at the level to move sufficient cattle through.
The actual slaughter data for the week ending 22 May were released today; total weekly kill was 672,197 including 537,750-plus head of fed cattle. That is the highest since June 2020. Seasonally, the market typically moves into higher slaughter volumes and lighter weights in the month of June. We’ll see where things shake out next week – the first full week of the month. Slaughter and carcass weights are down from last year, but last year was even more interrupted; weights are still heav...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
