War Premium, BLM Backpedal & $950M Oil Bets – Friggin’ Farm & Ranch Report (5/26/26)

In this episode of the Friggin’ Farm & Ranch Report I’m pulling a lot of threads together: cattle on feed, beef imports, BLM’s backpedal on public lands, $5.60 diesel, and some very suspicious trades in oil and prediction markets. Here’s what I walk through: – May 1 Cattle on Feed: 11.6M on feed (+2% y/y), placements +6%, marketings –10% – first y/y increase in 18 months. dtnpf +1 – Beef cows…