Latest / CattleUSA Daily / 323: Drought Is Catching Up to the Cattle Market — Just Like We Expected with Samantha Cozza-Wright

Transcript

323: Drought Is Catching Up to the Cattle Market — Just Like We Expected with Samantha Cozza-Wright · CattleUSA Daily

• 0:00
  In today's episode of the Cattle USA Daily podcast, we are once
• 0:03
  again welcoming back Samantha Koza, right, to come on and
• 0:06
  share about the cattle market. Everything that we have seen
• 0:09
  over the past week as far as commodities go, as far as what
• 0:13
  we're seeing on the board as far as the live cattle market.
• 0:16
  She touches on everything today. And we're also talking quite a
• 0:19
  bit about macroeconomics. We're talking about all of the
• 0:23
  hot topics in the world right now, right?
• 0:25
  Like we're talking oil, we're talking gas, we're talking beef
• 0:28
  demand, we're talking about everything that's kind of being
• 0:31
  thrown at this cattle market. And then we also have a really
• 0:33
  candid conversation about the drought that's in our Western
• 0:35
  plains right now as well and across cattle country and what
• 0:39
  that kind of looks like going forward.
• 0:40
  We have seen a market correction this week, and Samantha talks a
• 0:44
  little bit about that as well and what we can kind of
• 0:47
  anticipate going forward as we continue to go throughout the
• 0:50
  rest of this week and into our spring months as well.
• 0:54
  Before we hop into today's podcast episode, Samantha, if
• 0:57
  you're watching on YouTube, make sure you take a second to hit
• 0:59
  that subscribe button and like this episode.
• 1:01
  If you're watching on any of our other podcast platforms, make
• 1:04
  sure you take a second to go follow the show and go to our
• 1:06
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• 1:09
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• 1:11
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• 1:13
  go and do that. That continues to help us reach
• 1:15
  new audience members, grow this podcast, and make a wider impact
• 1:18
  across the entire cattle industry.
• 1:20
  Thanks so much for being here. Without further ado, let's go
• 1:22
  ahead and hear from Samantha Kozar, right?
• 1:28
  Welcome to the Cattle USA Daily podcast, your go to source for
• 1:32
  the latest livestock markets, industry insights and the update
• 1:35
  shaping agriculture today. I'm your host, Lauren Moylan, a
• 1:38
  passionate advocate for agriculture, here to keep you
• 1:41
  informed and connected. Now let's dive into today's
• 1:44
  episode. Samantha, welcome back to the
• 1:51
  podcast once again. How is life in Northwest Kansas
• 1:55
  been over the past week? Better than it was last week.
• 1:58
  We're getting some rain. As I I told you before, we hit
• 2:00
  the record button. And so far we're at 60 points.
• 2:03
  Sounds like we have a high chance today.
• 2:05
  So northwest Kansas, yeah, finally getting some rain.
• 2:08
  Hopefully you guys are getting some of that and everybody else
• 2:11
  in cattle country is getting some of that. 3045 miles West of
• 2:14
  us is getting well, expected to get 8 inches of snow.
• 2:17
  We'll see if that pulls through. Eastern Colorado there in winter
• 2:21
  weather watch and freezes across the country.
• 2:24
  So pretty, pretty crazy stuff for May when back in February we
• 2:28
  were super hot temperatures, mid 70s, mid 80s, Crazy stuff.
• 2:33
  Wish I could say I'm surprised but I'm really not.
• 2:36
  Like we know Kansas weather and when we saw that like good one
• 2:40
  was supposed to get 8 inches of snow, I was like, well that's
• 2:44
  unfortunate. I wouldn't really want snow
• 2:46
  right now. But they need the moisture, so
• 2:48
  I'm sure they're not going to complain in about whatever form
• 2:51
  it decides to come in. Yeah, I think you're poison.
• 2:54
  Yeah. Precisely.
• 2:55
  Well, I love to hear. It's such a blessing that you
• 2:57
  guys are getting some rain and that we're getting some relief
• 3:00
  from the major, major drought that you guys have been kind of
• 3:03
  battling over the past few months.
• 3:05
  But what are we seeing as far as markets go this week?
• 3:08
  Samantha, give us the rundown. Kind of been all over the place.
• 3:11
  Last week. We saw some record high numbers
• 3:13
  for April. All of April honestly was super
• 3:15
  impressive in the cattle market. If you talk to producers, they
• 3:18
  were either in the opinion that we were due for technical
• 3:21
  correction or this thing was going to just keep going up
• 3:24
  based on seasonality because of beef demand.
• 3:27
  Last week we saw record highs, maybe we passed that this week.
• 3:31
  The April live kettle futures contract left the board at all
• 3:34
  time highs 258 and some on. Since then we transitioned to
• 3:38
  that June contract month and that set us back some Friday
• 3:42
  after we transitioned that may you know May 1, we transitioned
• 3:45
  to that June contract month. Like I said it set us back some.
• 3:48
  We were pretty much up in the session and all day and then we
• 3:51
  closed lower and everybody was kind of, you know, turning,
• 3:53
  turning their heads wondering what the heck happened.
• 3:56
  And then that just kind of started a bearish tone out for
• 3:58
  this week. On Monday we were down quite a
• 4:00
  bit. Monday weakness kind of turned
• 4:02
  into Tuesday's strength. We regained everything and then
• 4:05
  some on your futures months. We started that.
• 4:07
  We saw some light cash trade out of the five area negotiated
• 4:10
  feeding region that are on Monday, Tuesday at 2:55, steady
• 4:15
  with last week, but just not, not a whole lot of volume.
• 4:19
  Everybody's kind of still waiting for the trade to be
• 4:20
  established this week. Dress trade last week was
• 4:23
  sitting in an average of $4.00. We saw 405 highs.
• 4:26
  Crazy. So yeah, I mean, realistically
• 4:29
  we're seeing some pretty big numbers.
• 4:31
  The technical correction isn't super surprising I guess, but
• 4:36
  just a little bit of turbulence there and then hopefully we see
• 4:39
  to some strength just continuing past Tuesday.
• 4:42
  You know, like I said, the the producers you talk to, they're
• 4:45
  either in the opinion of steady cash this week or we're breaking
• 4:49
  new highs and going to 60 plus and there's really, really no in
• 4:52
  between. I think like I said, the
• 4:53
  seasonality standpoint of it is really going to work for us.
• 4:57
  We're seeing beef demand show face.
• 4:59
  We're seeing consumer behavior actually pulling people to the
• 5:02
  meat counter, especially going into major grilling season.
• 5:05
  We've got Mother's Day this weekend, we've got Memorial Day.
• 5:08
  4th of July is probably not, you know, not far behind that June's
• 5:13
  going to come up or July's going to come up really fast.
• 5:16
  All these different, you know, seasonal holidays that we see
• 5:18
  people pull out their grills. That's really going to be the
• 5:21
  foundation of this cattle market.
• 5:22
  And beef has become such a staple in the American diet.
• 5:26
  When you see a lot of that demand pull from those middle
• 5:29
  consume, those middle income people, you know, those type of
• 5:32
  consumers and realistically that isn't going to be the first
• 5:34
  thing they cut out of their budget.
• 5:35
  If times get tough and discretionary spending pulls
• 5:38
  that dollar somewhere else, even your lower income class, they're
• 5:41
  going to go through the drive through, grab a burger.
• 5:43
  You know, convenience is also such a staple.
• 5:45
  So, you know, I think we go either way.
• 5:48
  If the board supports cash going forward this week, I could see
• 5:51
  260, but I wouldn't see much less than steady cash just
• 5:54
  because the Packers are very current in cattle right now.
• 5:57
  They need to get some cattle bought, especially going into
• 6:00
  grilling season. Water levels have been great.
• 6:04
  Efficiency levels have surpassed what they've been for months.
• 6:07
  I mean, efficiency levels at the Packers are huge right now,
• 6:10
  better than they've seen in a really, really long time.
• 6:13
  And it works out better for them.
• 6:14
  When you're ramping up all this equipment and you know your
• 6:18
  input costs are spread out over on a per head basis.
• 6:22
  When you're spending more money for less head to run those
• 6:25
  through the kill floor, you know, that's obviously not not
• 6:28
  great on input costs. I think we'll likely see them
• 6:31
  start to prop up box beef past that or past or at that $4.00
• 6:35
  mark to try and catch up with that $4.00 dress trade.
• 6:38
  So I think that's what we need to be kind of preparing for as
• 6:40
  we move into the end of the week.
• 6:42
  Yeah, absolutely. And this was something that
• 6:45
  we've been talking about for weeks of when is the natural
• 6:48
  market correction going to come and what is that going to look
• 6:51
  like and what kind of effect are we going to see on the market
• 6:54
  when that inevitably comes. And so now that it is kind of
• 6:57
  been here this week, it's encouraging to see that it has
• 7:00
  disrupted the market a little bit.
• 7:02
  But at the same time, it's not taking us out, it's not sweeping
• 7:05
  our feet out from underneath us. It is still a really great
• 7:09
  market that we are working in right now.
• 7:12
  We're talking about this on Wednesday morning.
• 7:14
  And so I mean it's halfway through the week and we've seen
• 7:18
  some encouraging signs as we go throughout the week as far as
• 7:22
  the market is concerned and how people are deciding to show up
• 7:25
  on the board and what those numbers are continuing to look
• 7:28
  like. So I mean as we go into the rest
• 7:30
  of the week, that's some encouraging signs that we might
• 7:32
  not surpass those numbers like you were talking about and some
• 7:36
  producers are hoping for. But at the same time, as long as
• 7:39
  we're staying steady, that's that's a win in and of itself at
• 7:43
  the numbers and the highs that we're seeing right now.
• 7:45
  Yeah, absolutely. And I think we keep it pretty
• 7:47
  close in mind that it's a typical thing that we see from
• 7:50
  the Packers where they want to prop up box beef, cut out
• 7:52
  values, they want to offer a little bit more on cash.
• 7:55
  But I think they're really in a position where they're short
• 7:58
  bought this week. We know they don't have a lot of
• 8:00
  inventory on hand readily available.
• 8:02
  We're going to see them show up in the in the cash market.
• 8:04
  It's just a matter of how much. And I mean it could be quite a
• 8:07
  bit. We've seen a lot of volume in
• 8:08
  the last few weeks, but and kind of just waiting to, like I said,
• 8:11
  establish that trade and kind of get that baseline futures, you
• 8:15
  know, they've kind of given us a hard area to pay where we're
• 8:19
  going to see cash trade because we've cash has been trading over
• 8:21
  futures for the last two weeks. So cash is almost trying to play
• 8:25
  catch up, which is why I'm a little more optimistic on the
• 8:28
  futures board this week because they're trying to play catch up,
• 8:30
  catch up. The feeder cattle index right
• 8:33
  now is as of Monday, with that one day lagging average is $9
• 8:37
  over feeder cattle futures from the little bit of trade that we
• 8:39
  did see the five very feeding region that's $3 over where
• 8:43
  futures are trading right now in that June contract month.
• 8:45
  So it's kind of, you know, we're all we're all paying attention
• 8:49
  to cash, we're all paying attention to beef demand
• 8:51
  seasonality. And realistically, you know,
• 8:53
  I've kind of had my doubts about a beef demand just more so
• 8:57
  coming off that that $4.00 surge mid March at such an unseasonal
• 9:01
  time frame because everybody was saying, you know, do we did we
• 9:04
  peek early? Are we going to continue to
• 9:05
  climb off of this? And then box beef fell back 10
• 9:08
  to $15.00. So that's, I don't know where my
• 9:10
  hesitants came in, but realistically, like I said, beef
• 9:13
  has become such a staple and the American diet, it's not usually
• 9:16
  the first thing to cut out. It's been put to the test
• 9:19
  throughout 2025 and come out stronger.
• 9:22
  Realistically, beef per capita consumption has surged.
• 9:26
  You know, all great things. And realistically, I, to be
• 9:30
  honest, never really heard people talk about beef being
• 9:33
  high until it became such a talking point in the media.
• 9:36
  So everybody's kind of wondering with gas prices the way they
• 9:39
  are, if people are going to start showing up or keep showing
• 9:42
  up to the meat count. And my opinion personally, I do
• 9:45
  think that happens. And and, you know, I do think
• 9:48
  that once we do get this war settled, gas prices will start
• 9:51
  to come back pretty quickly. Even oil, we got some support on
• 9:54
  futures yesterday just from oil. I mean, oil was down in terms of
• 9:58
  equities. The NASDAQ reached all time
• 10:00
  highs and corn was down. Corn was down big, which I don't
• 10:04
  think was something we expected because of drought and just a
• 10:08
  different things going on with energy.
• 10:10
  But it was down big and we saw a push from that.
• 10:12
  So, you know, volatility is definitely very, very still
• 10:15
  alive and well. And we have to be very, very
• 10:18
  cautious of that. Yeah.
• 10:20
  Absolutely. And I mean, we talked just a
• 10:22
  couple weeks ago and you had shared your hesitations around
• 10:25
  beef demand and what the consumers were actually
• 10:27
  purchasing and what those numbers were looking like in the
• 10:30
  real day-to-day. And I think now that we've had
• 10:33
  some time to really start to see the spring pushing the demand
• 10:37
  come around and start to see some follow up numbers on it.
• 10:40
  We are still seeing our consumers show up at the beef
• 10:43
  counter, which is really encouraging.
• 10:44
  And I, I am kind of of the party to that.
• 10:47
  It has become such a staple in our diet.
• 10:48
  The people are still going to show up to the beef counter, but
• 10:51
  they might be purchasing something different instead of
• 10:53
  purchasing a rib eye. They're going to be going for
• 10:55
  the ground or they're going to be going for your off cuts or
• 10:58
  your chucks, your roasts, your different things like that.
• 11:01
  They can maybe get a little bit of a discount on or a bigger
• 11:03
  bang for their buck as far as poundage goes and just do some
• 11:07
  different creative meals with as numbers continue to get tight, I
• 11:11
  think that we're really seeing a nutritional shift towards
• 11:15
  prioritizing high quality proteins.
• 11:17
  And I mean, that's it's a great day to be a beef producer when
• 11:19
  the United States is really pushing that in their
• 11:22
  conversation. And then also towards our
• 11:25
  consumers, I'm really continuing to push them that like, hey, gas
• 11:28
  prices might be high right now. Discretionary spending might be
• 11:31
  low, but like you still need to prioritize a high protein diet.
• 11:35
  This is what that looks like. Maybe let's cut out this and
• 11:38
  some of our processed foods or some of our snacks or different
• 11:41
  things like that rather than cutting out some of our major
• 11:45
  food groups. So that's really encouraging.
• 11:46
  And then I mean the war and oil prices and gas prices are the
• 11:51
  thing that's on the top of everyone's head right now,
• 11:53
  right? Like you can't walk, not walk.
• 11:55
  You can't drive down the Interstate right now.
• 11:57
  And cans is at least without seeing gas at 399 and diesel
• 12:01
  over $5. Like it's it's pricey out here
• 12:04
  right now. Gosh, I would hate to be on the
• 12:06
  east or West Coast right now where they're seeing much higher
• 12:10
  numbers than that as well. But it is it's at the top of
• 12:13
  everyone's mind because I think that it is one of those things
• 12:16
  that is a fact. I will be completely honest,
• 12:19
  Samantha, I am the person that does not pay attention to gas
• 12:22
  prices because I need gas no matter what.
• 12:24
  Like what am I going to do? Roll up to the local Casey's and
• 12:27
  be like, oh, gas is over $4.00. I don't think I'll be guess this
• 12:31
  week, right. Like no, I'm I'm going to get it
• 12:33
  no matter what. Like, and now I'm at the point
• 12:36
  where like people talk about it so much that a drive by and I'm
• 12:39
  like, oh, they're still sitting at 399 right.
• 12:42
  Like everyone's talking about it, everyone's concerned about
• 12:45
  it. But I think that it is one of
• 12:47
  those things too, that hopefully as we go into higher travel
• 12:51
  seasons, higher grilling season, different things like that, that
• 12:54
  as far as the world macroeconomics go, we start to
• 12:58
  kind of figure some of these things out.
• 13:00
  Because the reality of it is, is we can deal with this as a
• 13:04
  market for a short period of time.
• 13:06
  But if this is going to be an extended drawn out hit on our
• 13:10
  market, then that's where it starts to actually get some
• 13:13
  concern thrown in. Especially when we look into
• 13:16
  freight and trucking and other things that go into the prices
• 13:19
  of our cattle and what our actual take home dollar is as
• 13:22
  producers. It's definitely something we
• 13:24
  want to keep our eye on. But at the same time, hopefully
• 13:27
  there is a light at this end of the tunnel coming up soon as
• 13:31
  well, yeah. For sure, And I think it depends
• 13:33
  on your opinion of the war as well from an economic
• 13:36
  standpoint, because a lot of people, like I said, depending
• 13:38
  on your political opinion, don't really bat an eye on at grass
• 13:42
  prices because greater good, right?
• 13:44
  Right. We talked about this before.
• 13:46
  We never wanted Iran to have nuclear capabilities.
• 13:49
  And that's the vote I'm in. I'm all happily pay more for gas
• 13:52
  if it means good things for our national security, right?
• 13:55
  So that's the opinion I'm of and I do.
• 13:58
  I am still a lot of trust in Trump.
• 14:00
  He's came through for us a lot of times and I think, you know,
• 14:04
  his statements just coming out that gas prices are going to be
• 14:06
  finding some relief following the end of this war and quickly.
• 14:10
  That's put a lot of Peace of Mind in the producers mind.
• 14:12
  But also something that we talked about, like I talked
• 14:15
  about with my parents, is that the actual supply for gas or the
• 14:19
  demand, excuse me, the demand for gas has went up so
• 14:21
  drastically. Everybody drives, a lot of
• 14:23
  people drive an hour one way to work, 2 hours round trip.
• 14:27
  Everybody's traveling. I mean it makes a little bit
• 14:30
  more events because the demand is there and we have to also
• 14:34
  acknowledge that as well. But then as far as consumer
• 14:37
  spending, we like you said, we are seeing the demand for beef
• 14:40
  specifically ground beef getting a little more creative for those
• 14:43
  those meals and ideas and whatnot.
• 14:46
  And that's where I've almost kind of not even batten an eye
• 14:49
  at that. That choice select spread that
• 14:51
  we often see in boxed beef become inverted because these
• 14:56
  the amount of select product that we have domestically isn't
• 14:59
  as much as it was years ago, right?
• 15:01
  We're down to 7 to 10% of select product out of total US beef
• 15:06
  production. There's a lot less of it and
• 15:08
  there's a lot more demand for it.
• 15:10
  We're actually going to see imports surge a little bit here
• 15:13
  in 2026. They're talking 3 to 4% more
• 15:16
  over 2025 to make up for that gap in select product because
• 15:20
  our quality is so good in the United States.
• 15:22
  Just kind of looking at that as well.
• 15:24
  But I've been very impressed the last three sessions with just
• 15:27
  the uptrend in beef prices. And like I said, we're really
• 15:30
  going to start to see the Packers really push for that
• 15:33
  $4.00 mark, $4.00 a pound to try and keep up with with dress
• 15:36
  prices. So I think that's the next mark
• 15:38
  that we look towards a realistically, it may start to
• 15:41
  make a little bit more sense going into prime grilling
• 15:44
  seasons, something to be watching out for.
• 15:47
  But I think also when we look at the actual technicals and the
• 15:52
  overall state of the market going into this week, possibly
• 15:55
  next week, we have to acknowledge all the rumors
• 15:58
  around the industry, you know, and different I want to say in
• 16:02
  different states of the market. You know, if we weren't in May,
• 16:06
  June, July for that, that prime beef demand, would those rumors
• 16:11
  been more effective on the market?
• 16:13
  Would those rumors been more volatile on the market?
• 16:17
  And I think they absolutely would have been.
• 16:19
  Like I said, the Packers are so short bought this week, they've
• 16:21
  been slaughtering as quick as they can get inventory in.
• 16:24
  So they're going to have to show up in cash trade weather futures
• 16:27
  are supportive of that because of these rumors.
• 16:29
  We'll see. And based on what they're
• 16:31
  offering up. But I've heard of a lot of
• 16:32
  Packers that that won't accept anything under 260.
• 16:35
  So like I said, we'll see kind of of technicals and cash align
• 16:39
  this week, but something to be watching for sure.
• 16:42
  And then just kind of continuing to monitor the supply story.
• 16:46
  You know, we got a little bit of rain today, like I said today,
• 16:49
  yesterday sounds like portions of cattle country also did, but
• 16:53
  we're still a long way from being where we need to be.
• 16:57
  So we're just kind of seeing if that persists going further into
• 17:00
  the summer. If you follow weather patterns,
• 17:02
  I'm no weatherman, but I do follow that.
• 17:05
  Brian Bledsoe and he's talked a lot about the Super El Nino and
• 17:08
  kind of the effect that it'll have throughout the country in
• 17:11
  the summer months and specifically probably more
• 17:14
  drastically affecting the Southern Plains.
• 17:16
  So we'll see kind of how that affects.
• 17:18
  He did make a comment that we likely see it affect in very
• 17:23
  spotty areas where as a county, Rawlins County may be getting,
• 17:28
  you know, an inch of rain and the border and county may still
• 17:31
  be blowing dust. So it's going to be very spotty.
• 17:34
  Uncertainty is for sure a factor going into the summer months.
• 17:38
  Yeah, it absolutely is. And I think a lot of people all
• 17:41
  throughout cattle country, we've talked about this drought
• 17:43
  multiple times and how it's going to continue to affect the
• 17:47
  market. And that is a reality of a
• 17:50
  uncontrollable circumstance that's hitting our markets right
• 17:53
  now. And we're just really praying
• 17:54
  for rain across cattle country as we continue to go into a lot
• 17:57
  of those really vital months. It's supposed to be a pretty hot
• 18:00
  summer as well, but so far as from what we're hearing, so
• 18:03
  really need some relief for our crops, for our cattle, for our
• 18:07
  grazing lands, all of the things like that as we continue to look
• 18:10
  at how it's going to affect the market in the long run.
• 18:12
  Well, Samantha, any other things that we did not hit on today as
• 18:16
  far as the market is concerned? I think people are just looking
• 18:19
  for a lot of, I guess, incentive as we go into the summer months.
• 18:23
  So I kind of just want to touch on that a little bit seasonally,
• 18:26
  like I said, prime grilling season.
• 18:27
  We're also coming up on a time where we see a gap in cattle
• 18:31
  numbers as we go into June, July.
• 18:33
  If you wanted to pull like this, it's this statistics of it,
• 18:37
  you're looking at maybe 27 percent of people are fall
• 18:39
  cavers versus like 70% spring cavers.
• 18:42
  You know, however that pans out to make 100%.
• 18:45
  But realistically those are the numbers kind of that we're
• 18:48
  looking at. So we don't typically see as big
• 18:50
  of a a CAF run, especially not a yearling run as we go into these
• 18:55
  summer months, we're kind of in a transition period before we
• 18:57
  see that big fall CAF run, that big full yearling run come
• 19:01
  primarily September, October, you know that time frame.
• 19:04
  So we're kind of going to be in limbo a little bit.
• 19:07
  And like I said, expansions also going to have a huge play on
• 19:10
  that. Can we continue to sustain
• 19:12
  heifer retention? A lot of people, like I said,
• 19:14
  they're holding back heifers or they're buying them at the sale
• 19:17
  barn to breed. And so if we do start to see
• 19:19
  liquidation, I would think that we really, really start to see
• 19:22
  it when the next 15 to 20 days people are looking to start
• 19:26
  turning bulls out, start turning cattle out to summer pasture.
• 19:29
  So really I think the bulk of that liquidation we're probably
• 19:32
  going to start to see more sooner rather than later if that
• 19:35
  was to happen. Like I said, retention has
• 19:38
  actually been surprisingly strong given the circumstances.
• 19:41
  And I know everyone's kind of in neutral on it and in limbo to
• 19:44
  see exactly if this is sustainable going forward.
• 19:47
  So something to be watching and as well as if those fall
• 19:50
  calvers, you know that we typically see their calves hit
• 19:54
  the market in that summer time frame.
• 19:57
  Are they going to be coming to the market a little bit early?
• 19:59
  Are we going to see spring cavers?
• 20:01
  Are we going to see their calves hit the market a little bit
• 20:03
  early because of drought and lack of hay?
• 20:05
  You know, a people around here, like I said, we did get some
• 20:09
  rain. Hopefully that persists, but
• 20:10
  people around here are having a really, really hard time finding
• 20:12
  hay. My brother, he's a, he's a hay
• 20:15
  broker. He hauls a lot of hay.
• 20:16
  We put up a lot of hay personally and he's got a lot of
• 20:19
  calls recently just people looking for hay.
• 20:21
  And the people that have the hay are actually holding on to it
• 20:24
  like it's life support because it kind of.
• 20:26
  It is like in the level that we're in right now.
• 20:28
  So just kind of one of those things you have to be mindful
• 20:31
  of. And disease also has been
• 20:35
  horrible across the cattle, cattle industry.
• 20:37
  It sounds, I can't remember the name of it now, drawn a blank,
• 20:40
  but it seems to have really sparked up in the cattle market
• 20:43
  or in the cattle industry as a whole and kind of picked off
• 20:45
  cattle numbers as well and some potential liquidation from those
• 20:48
  fires as well. Those people cannot support
• 20:50
  those cattle. So supply stories looking pretty
• 20:52
  iffy. But like I said, we're going to
• 20:54
  really get a good gist of if we're going to be able to
• 20:58
  sustain these levels realistically within the next 15
• 21:01
  to 20 days. Absolutely.
• 21:03
  And I think that that's a song and dance that we've all kind of
• 21:05
  been waiting to hear a little bit more on and see what happens
• 21:10
  because I mean, we're blessed where we're at to not be in that
• 21:14
  scenario of having to make those decisions.
• 21:16
  But I know we've really been keeping our eyes on the western
• 21:19
  part of Kansas, the eastern part of Colorado, up into the
• 21:22
  mountains in Colorado and kind of all across the western plains
• 21:25
  and seeing what our fellow ranchers are deciding to do.
• 21:28
  And then how that is going to continue to affect the market,
• 21:31
  affect cattle country and affect the next few years of cattle
• 21:35
  production as well. So definitely something we're
• 21:37
  keeping our eye on. And prayers go out to all of
• 21:40
  those people that if you're listening to this and having to
• 21:41
  make those decisions, I know that's not easy by any means,
• 21:44
  but definitely something that to keep, we're keeping, we're
• 21:49
  keeping you in our prayers for sure on all of that.
• 21:51
  So, Samantha, thank you so much for coming on today once again
• 21:55
  to share your insights, your thoughts, your opinions about
• 21:58
  the cattle market and everything that we are seeing right now.
• 22:02
  We appreciate it. As always to all of you
• 22:04
  listeners out there, thank you for tuning into another episode
• 22:06
  of the Cattle USA Daily Podcast. We will see you all next time.