Daunting is one way to describe estate planning, said Heather Gessner, SDSU Extension Livestock Business Management Field Specialist. "This is one reason farm families have avoided implementing a plan for their farms and families," said Gessner.
Live cattle prices saw an increase after a steady fall this week, jumping from $142.43 on Wednesday to $144.65 on Thursday. The 2.22 increase brought the 27-day average price to $146.38. Feeder cattle prices saw a huge fall of $9.93 on Thursday to hit $200.35. The 27-day average price of feeder cattle now rests at $212.10.
Lean hogs saw a very small increase of only five cents, hitting $67.05.
Corn jumped two cents, while wheat dropped from $4.90 on Wednesday to $4.84 on Thursday.
A U.S. court on Thursday blocked a federal clean water rule from going into effect in certain states until a legal challenge has been resolved, handing a victory to states and business groups that have strongly opposed the regulation.
Prices vary slightly, but flat in many market locations. At the start of the report week, temperatures were generally above average in the East, South, and West, though below average in the Midwest and Rockies.