$47M Beef Settlement, 180-Day Feedyard Record & FTC Pulls the Subpoenas | Friggin' Farm & Ranch Report 5-28-26

In today’s Friggin’ Farm & Ranch Report for Thursday, May 28, 2026, I’m coming to you out of Yerington, Nevada with a full plate of cattle, policy, and bullshit to sort through. We talk: June live cattle 10 under cash while the 5‑Area cash price holds 260.45 and packers slow the chain. USDA’s May Cattle on Feed report showing a record 1.99 million head on feed 180 days or more. Tyson’s new 47 million‑dollar civil settlement on beef price‑fixing for commercial buyers — with the DOJ criminal probe still hanging out there. Trump’s Argentina quota expansion and the 200‑day beef TRQ suspension that swing the foreign beef door wide open during a historically tight U.S. herd. The FTC’s fresh investigation into fertilizer pricing — on top of DOJ — while anhydrous, DAP, MAP, UAN, and urea all sit more than 150% above 2020. Base acre elections, CRP emergency grazing, Nebraska wheat damage, and what that means if you run cows or farm ground. Tigers hurting, Brewers rolling, A’s hanging around in the AL West, and an “On This Day” that runs from the Indian Removal Act to the Sierra Club and cloned horses. If this show is worth something to your operation, the best thing you can do is tell one neighbor who runs cows or farms ground and send them my way. Read the write‑up, get the transcript, and support the show over on Substack: 👉 https://burningdaylight.substack.com Learn more about your ad choices. Visit megaphone.fm/adchoices