Weekly Wrap 5/8/26 — DOJ Comes for the Big Four, Cash Cracks, Nevada Water on the Clock

Matt McKinley wraps May 4-8, 2026 from Yerington, Nevada. Cash cattle printed an all-time record midweek and gave back into Friday — June live $248.90, August feeders $364.22. Boxed beef cracked Thursday and partially recovered Friday (Choice $389.02 / Select $385.17). EIA on-highway diesel $5.640, up 29¢ WoW. AAA national regular $4.546 / diesel $5.663 — pump up 25¢ two weeks running, $1.40…