Episode
Diesel Knife Fight, Cattle Hammered & USDA Misses Delaware: Friggin' Farm & Ranch Report — 5/11/26
- Podcast
- Burnin’ Daylight
- Published
- May 12, 2026
- Duration seconds
- 3801
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Summary
Matt McKinley, coming at you out of Yerington, Nevada — Monday, May 11, 2026, post-close edition of the Friggin' Farm & Ranch Report. Split-personality tape today: grains ripped ahead of tomorrow's noon-Eastern WASDE, cattle got hammered on Trump-admin tariff-suspension headlines, and diesel is sitting 15 cents from an all-time national record. Engine's calling it WATCH at 51% medium confidence — market at an inflection point, wait for confirmation before acting. ON THE TAPE • Corn $4.74¼ (+21¾¢, +4.80%) · Beans $12.11 (+32¢, +2.71%) · KC Wheat $6.87¼ (+11½¢) • June Live Cattle $249.65 (-$3.83, -1.51%) · Aug Feeders $362.45 (-$9.95, -2.67%) • EIA On-Highway Diesel $5.64 (+29¢/wk) · AAA Diesel $5.636 · AAA Regular $4.520 (highest since June '22) • Choice/Select INVERTED AGAIN — Choice $391.22, Select $391.49 (Select OVER Choice = demand is real) • WTI $98.25 (+3.33%) · Silver +13.01% · Copper +5.79% · DAP $682/T · Urea $549/T SALE BARN PULSE OKC West 787-lb $368.93 (10,138 head) · Clovis NM 600-lb $654.25 · Producers San Angelo 614-lb $476.89 · Torrington WY 1,313-lb $212.52 (probably cull stock off the Nebraska fires) · Billings MT 1,031-lb $365.73 · Producers Salina UT — light cattle firing, heavies softening across the board DEEP DIVE — Two Beef Magazine pieces dissected and named for what they are: Neville Speer's "Packers, Politics and Theater" (pro-packer/pro-market-flexibility bias acknowledged on air) and Dennis Smith's "When will the bull market end?" (drought + 60-year-old average cow-calf operator + high rates + screwworm) — Box beef inversion is BACK — Select trading OVER Choice tells you demand is very, very real — Screwworm inching toward Texas, Mexican border closed two years running. Bill Bullard's happy; South Texas and California grass guys are not — F…