Good morning, Daylight Burners. This is the Friggin’ Farm & Ranch Report for Thursday, June 11, 2026.

Live cattle are firming back up, feeders love the cheaper corn, hogs are soft, and the grain complex is still weak – but the real world is loading for bear. We’ve got:

– A board that wants to drag cash cattle down while the barns keep paying mid‑4s on five‑weights and the five‑area cash fats hang in the mid‑250s. The board lies; the barn doesn’t.
– Screwworm risk still real but not “all screwworm all the time” – five confirmed U.S. cases, control zones and sterile flies in place, and the real job for producers is checking wounds, drying navels, and calling it in when you see something ugly.
– A big update on the Cargill Fort Morgan situation: 1,700+ Teamsters locked out, unfair labor practice charges, and what it means when a 5,000–6,000 head‑per‑day plant goes dark in a market with the smallest cow herd since Truman.
– BLM’s new “modernizing” grazing rule – streamlined for them, more rangeland‑health hooks for your permits, plus a June 11 virtual meeting where they’ll tell you it’s all for your own good.
– USDA’s sudden “Farmer and Rancher Freedom Framework” and why I’m not calling it a win until we see actual regs, projects, or enforcement actions die because of it.
– A heavy war reel: Apache down near Hormuz, U.S. “self‑defense” strikes into Iran, Iranian shots at our bases in Jordan, Kuwait, and Bahrain, Houthis threatening the Red Sea/Bab el‑Mandeb, and how all that war risk turns diesel, fertilizer, and freight into hostages again.
– On This Day, June 10: National Milk Month kicks off as a chain‑store promo, and Farm Credit finally pays Uncle Sam back for the ’80s bailout – two reminders that ag has been “managed” from the outside for a long damn time.

If you run cows or ground and you’re trying to make sense of the board, the bugs, the packers, the alphabet agencies, and two different Middle East chokepoints all at once, this one’s for you.

Full immersive transcript, charts, and link pack over on Substack: burnindaylight.substack.com

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