Slaughter cows and bulls basically steady with last week. The US cull market has bottomed and is starting to rally slightly so maybe we’ll start to see that too. Calf prices continue to improve on declining numbers and more buyers entering the market. Lots of people have asked us what the effects of the US election will be on the cattle markets. There is no one on the planet that knows the answer to that. However, the financial markets may be giving us a clue. The stock market has rallied significantly based on expectations of increased government spending and deregulation. Interest rate futures have increased as well, based on much higher deficits due to decreased tax revenue and high government spending. Inflation is expected to increase based on tariffs on most imported goods. We just do not know what to expect on agricultural products as it seems like they will exempted but no one knows. So I think we can summarize the impact by saying we can expect a higher interest rate and higher inflation rate environment for longer. However, I believe that the fundamentals of the beef market are so strong that any negative effects from a US administration will be minor and mostly annoying, but I don’t think it changes our extremely positive outlook for the beef industry. We shall see. I’m guided by the fact that what political parties say to get elected is usually different than what they have to do once they’re in government. Ian