Live Cattle Hit $250, Iran Blockade Spikes Crude, JBS Strike Over | FFRRR 4/13/26

About this episode

The episode discusses record prices in the cattle market, the impact of the Iranian blockade on crude oil, and various agricultural and energy market updates.

Live cattle just printed an all-time record — $251.77 on the continuous chart. Cash cattle in Iowa hit $250. And crude oil ripped above $104 after the U.S. Navy blockaded Iranian ports. Diesel's north of $5.60 and headed to $6. Urea is up 46% year-over-year. It's a record-revenue, record-cost market — and the guys who keep their head are the ones who'll still be ranching next year. Today's show: • Livestock — June live cattle $249.20 (contract high), feeders $374.82, hogs $103.72 (4th straight down), cash cattle $250 in Iowa• Grains — Corn flat at $4.40¼ (faded the rally), beans down 13½¢, wheat up double digits on the war bid• Energy & Inputs — WTI $99.08, diesel $5.64/gal, urea $838/ton, DAP $863/ton, fertilizer supply at 75% of normal• Rates & Metals — Fed funds 3.50–3.75%, prime 6.75%, gold $4,742/oz• Cattle Deep Dive — JBS Greeley strike resolved (93% ratification, 3,800 workers back), boxed beef inverted (Select above Choice), Cattle on Feed report Friday• War Reel — U.S. naval blockade operational, Hormuz exports down 76%, 400+ tankers stranded, Houthi threat to Bab el-Mandeb, fertilizer crisis• Policy — Farm Bill stalled, new federal grazing MOU, Colorado River water…

Topics covered

• live cattle
• crude oil
• Iran blockade
• JBS strike
• agriculture market
• fertilizer crisis

Keywords

• livestock
• grains
• energy
• inputs
• rates
• metals
• policy

Sponsors

Lone Star Stockyards

Mentioned in this episode

Products: diesel, urea, DAP, fertilizer

Places: Iran, Iowa, U.S., Hormuz, Bab el-Mandeb, Colorado River, Sacramento

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