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USDA's improved Class III outlook partly offsets a lower all-milk price forecast, leaving producer margins weaker. Cash cattle averaged $228.52 last week, down from $235.21, and futures traded mixed with a bearish chart.
JBS proposed acquiring the Pilgrim's Pride shares it does not own in a stock deal valued near $1.2 billion.
Weaker all-milk and cash cattle prices reduce feed buying power for dairy and beef operators, while the JBS consolidation affects chicken processing structure rather than feed demand directly.
thedairysite.comPhoenix MintusAug 21, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
