Cattle markets weakened Thursday as August live cattle fell $2.60 and feeders dropped $3.53, while boxed beef lost another $4.19, bringing the two-day Choice decline to $6.09. Cash cattle traded mostly $255/cwt. Despite the pullback, 2025 cow prices remain at a record $149/cwt, up 18% from 2024 and 247% since 2003.
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When Jace Thompson first began his auctioneering career, he quietly set a lofty goal. He didn’t publicize it, but he wanted to prove to himself that he could stick to something, refine his craft and ultimately become the best in the world.
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Joe Goggins, a lifelong livestock marketer and rancher, will soon take the helm as president of the Livestock Marketing Association. He will assume the role during the association’s annual convention in June.
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