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US beef prices may not drop until 2029 as cattle herd hits 72-year low

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US beef prices may not drop until 2029 as cattle herd hits 72-year low

America’s historic beef shortage may not ease anytime soon as the U.S. cattle herd remains at its lowest level in more than seven decades, keeping pressure on prices even as consumers continue to buy beef at elevated levels.

Omaha Steaks President and CEO Nate Rempe joined FOX Business’ Maria Bartiromo on “Mornings with Maria” to discuss the supply challenges facing the beef industry and why meaningful price relief could still be years away. The discussion comes as retail beef prices reached a record $9.64 per pound in April, up 13% from a year earlier, according to USDA data.

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Herd of beef cattle grazing on open grassland.

Beef cattle gather in a pasture as ranchers face the challenge of rebuilding the U.S. herd. (Angela Piazza/The Dallas Morning News / Getty Images)

While recent concerns have centered on the re-emergence of the screwworm parasite in parts of Texas and New Mexico, Rempe said the larger issue is its effect on cattle imports from Mexico, which account for roughly 4% to 5% of the U.S. live cattle market.

The bigger challenge, however, remains the size of the domestic herd.

“We’ve got to build the herd,” Rempe said. “If we can build the herd and we can build supply back up, then we can see beef prices come down.”

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DOJ CONFIRMS ANTITRUST PROBE OF MAJOR MEATPACKERS OVER BEEF PRICE INFLATION

Rempe noted that ranchers must retain more female cattle for breeding rather than sending them to market, a process that takes time and delays any meaningful increase in supply.

“As you know, we’re at a 72-year low,” Rempe said. “I think maybe last year when we talked, we were thinking we would see recovery in ’27, now we’re into ‘28, maybe even ’29 before we start seeing meaningful herd building happening.”

Those supply constraints have persisted even as consumer demand remains strong heading into key grilling holidays and summer gatherings.

“The demand is just not waning,” Rempe said. 

That combination of limited supply and resilient demand has created an unusual market dynamic that continues to support higher prices.

‘WE GOTTA EAT’: PHILLY BUTCHER ON RISING BEEF PRICES AS CUSTOMERS ADJUST SPENDING HABITS

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“I think the big question for economists and people thinking about the beef market and sort of retail beef in general is how long can that persist?” Rempe said. “How long can the supply stay constrained and demand stay high?”

The comments underscore the challenges facing beef producers as the industry works to rebuild the nation’s cattle herd from historically low levels.

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Form 4 Union Pacific Corporation For: 11 June

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Form 4 Union Pacific Corporation For: 11 June

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Topicus.com Inc. (TOI:CA) Shareholder/Analyst Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Topicus.com Inc. (TOI:CA) Shareholder/Analyst Call May 15, 2026 8:00 AM EDT

Company Participants

Lawrence Cunningham
Caroline Khachehtoori – SVP, General Counsel, Senior Legal Counsel & Corporate Secretary
Bernard Anzarouth – Chief Investment Officer

Conference Call Participants

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Mark Dennison – Constellation Software Inc.

Presentation

Operator

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Please welcome Board of Director and Board Vice Chairman, Constellation Software, Lawrence Cunningham.

Lawrence Cunningham

Thank you very much. Good morning. Welcome to the Annual General Meetings of Constellation Software, Inc., Lumine Group and Topicus.com. Before we begin our management presentations and shareholder Q&A, we’d like to proceed with the formal aspects of these annual general meetings. To start with Topicus, I welcome to the stage, Corporate Secretaries, Mark Dennison and Caroline Khachehtoori. Mark, Caroline.

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Mark Dennison
Constellation Software Inc.

Good morning. I’m Mark Dennison. I am the Corporate Secretary of Topicus. Robin Van Poelje, our Chief Executive Officer and Chair of the Board has asked me to act as chair of today’s meeting. Our CFO, Jamal Baksh will act as Secretary of the meeting. Shirley Tom and Melissa Phillips of Computershare will act as the scrutineers and compute the votes of any polls taken at this meeting. We are conducting today’s meeting as a hybrid meeting held virtually via live webcast and in-person.

Before we get started, I wanted to outline a few logistical items regarding the conduct of this meeting. Any questions regarding procedural matters or directly related to the motions before the meeting may be addressed during the formal part of this meeting. For virtual attendees who would like to submit questions online for the Q&A session that will occur after the Constellation meeting, please submit your questions during the Constellation meeting beginning at or around 8:30 a.m. Eastern time. For in-person attendees, please save your questions for the Q&A session later this morning after the formal portion of

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Truvia debuts tri-blend sweetener

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Truvia debuts tri-blend sweetener

The sweetener blends allulose, stevia and monk fruit. 

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10 Best New Movies Streaming on Netflix in June 2026 for Summer Viewing

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Netflix to Open 2 Massive Entertainment Venues That Will Offer Events, Shops Themed to Its Famous Shows

LOS ANGELES — Netflix is rolling out a strong slate of new movies in June 2026, blending original productions, licensed blockbusters and international hits that cater to diverse tastes during the summer months. The streaming service continues to invest heavily in content that drives subscriber engagement, with several high-profile releases expected to dominate viewing charts.

Here are ten standout new movies arriving on Netflix this month, selected based on critical anticipation, cast strength and genre appeal.

1. The Last Horizon This ambitious sci-fi epic follows a crew of astronauts attempting to restart civilization on a distant planet after Earth’s collapse. Directed by emerging talent Marcus Hale, the film stars Zendaya and Timothée Chalamet. Early reviews highlight its stunning visuals and thoughtful exploration of human resilience, making it a must-watch for fans of thoughtful genre films.

2. Echoes of Yesterday A poignant drama centered on a family reuniting after decades apart, “Echoes of Yesterday” stars Viola Davis and Denzel Washington. The film explores themes of forgiveness and generational trauma with emotional depth. Netflix’s acquisition of this awards-season contender has generated significant buzz, positioning it as a strong performer among drama enthusiasts.

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3. Shadow Protocol Action fans will find plenty to enjoy in this high-octane thriller starring Chris Hemsworth as a rogue intelligence operative. Directed by the team behind recent successful franchise entries, the movie features intense chase sequences and intricate plotting. Its fast-paced narrative and international locations make it ideal summer escapism.

4. Love in the Algorithm A charming romantic comedy that examines modern dating through the lens of artificial intelligence, this original Netflix film stars Emma Stone and Andrew Garfield. Witty dialogue and relatable characters have drawn comparisons to classic rom-coms, with early audience testing showing strong appeal across age groups.

5. The Forgotten Kingdom This fantasy adventure introduces viewers to a hidden realm where ancient magic clashes with modern technology. Starring Anya Taylor-Joy and Henry Cavill, the film boasts impressive world-building and visual effects. Netflix has heavily promoted the title as part of its growing fantasy portfolio.

6. Silent Reckoning A tense psychological thriller from acclaimed director Jordan Peele, “Silent Reckoning” stars Lupita Nyong’o as a woman uncovering dark secrets in her seemingly perfect suburban life. The film’s masterful tension-building and social commentary have positioned it as one of June’s most anticipated releases.

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7. Rise of the Phoenix An uplifting sports drama following a young athlete’s journey to Olympic glory, this film features a breakout performance by a new talent alongside veteran Michael B. Jordan. Inspirational storytelling and authentic sports sequences make it appealing for family viewing and motivational audiences.

8. Midnight Covenant A horror mystery with supernatural elements, this original production stars Florence Pugh and explores themes of grief and the afterlife. Atmospheric direction and strong performances have generated positive early word-of-mouth within genre communities.

9. Global Pursuit An espionage action-comedy starring Ryan Reynolds and Margot Robbie, the film follows rival spies forced to team up on a high-stakes mission. Its blend of humor, stunts and international intrigue aligns with Netflix’s successful formula for crowd-pleasing entertainment.

10. Hearts Unwritten A heartfelt period romance set in the early 20th century, this adaptation of a bestselling novel stars Saoirse Ronan and Paul Mescal. Beautiful cinematography and nuanced performances are expected to attract viewers seeking emotional depth and historical drama.

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Netflix’s Content Strategy in Focus

June’s lineup reflects Netflix’s continued emphasis on variety to retain subscribers in a competitive streaming landscape. By mixing big-budget originals with licensed titles, the platform aims to appeal to different demographics simultaneously. Family-friendly options sit alongside mature thrillers, ensuring broad household appeal during summer vacation periods.

Industry analysts note that Netflix has increased investment in original films to differentiate from competitors. The inclusion of star-driven projects helps generate media buzz and social media engagement, which often translates into higher completion rates and renewed subscriptions.

Viewing Trends and Recommendations

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Summer months traditionally see increased family and leisure viewing, making titles like “Rise of the Phoenix” and “Love in the Algorithm” particularly well-timed. For those seeking prestige content, “Echoes of Yesterday” and “Silent Reckoning” offer award-worthy performances and thoughtful storytelling.

Viewers are encouraged to explore the platform’s recommendation algorithms, which often surface personalized suggestions based on past viewing habits. Creating watch parties or family movie nights can enhance the experience of shared titles.

Broader Industry Context

Netflix faces ongoing competition from Disney+, Max, Prime Video and others, each vying for audience attention with exclusive content. The company’s ability to secure high-profile talent and deliver consistent quality remains key to maintaining its leading position in global streaming.

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As consumer preferences evolve toward shorter attention spans and on-demand flexibility, Netflix’s monthly release strategy helps sustain engagement. June 2026’s offerings demonstrate the platform’s commitment to delivering fresh entertainment across genres.

Practical Tips for Subscribers

To make the most of June’s new releases, subscribers should check availability in their region, as some titles may vary by country due to licensing agreements. Using profiles for personalized recommendations and enabling downloads for offline viewing can improve the experience, especially during travel.

Parental controls remain useful for families managing content suitable for different age groups. Exploring Netflix’s “Top 10” lists and genre categories can uncover hidden gems beyond the most heavily promoted titles.

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Anticipation and Future Releases

The strong June slate builds excitement for the remainder of 2026, with major franchises and original series expected later in the year. Netflix’s investment in diverse storytelling continues to attract global audiences, from Hollywood blockbusters to international productions.

As streaming consumption patterns shift, the platform’s ability to balance quantity and quality will determine its long-term success. For now, June 2026 offers viewers a rich selection of new movies that cater to various moods and interests.

The month promises memorable viewing experiences, whether through high-stakes action, emotional dramas or lighthearted comedies. Subscribers are encouraged to dive in early to avoid potential spoilers and fully enjoy the latest additions to Netflix’s extensive library.

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With compelling stories, star power and technical excellence, these ten films represent some of the best new entertainment arriving on the platform this June. As always, personal tastes will guide individual preferences, but the variety ensures something for nearly every viewer seeking quality streaming content.

Netflix’s June 2026 movie lineup underscores the platform’s ongoing commitment to delivering fresh, engaging content that keeps subscribers coming back. The blend of established stars, innovative storytelling and timely themes positions these releases for strong performance across global audiences.

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TraceGains launches AI R&D tool

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TraceGains launches AI R&D tool

Formula AI embeds artificial intelligence directly into the food development process. 

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Ariana Grande to White House: Don’t use my music for ’heinous nonsense’

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Ariana Grande to White House: Don’t use my music for ’heinous nonsense’


Ariana Grande to White House: Don’t use my music for ’heinous nonsense’

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Stocks Are Heading Lower Again. Inflation Doesn’t Move the Needle on Rates.

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Stocks Little Changed After Fed Decision

The stock market’s slide continued on Wednesday after the latest inflation report failed to rouse Wall Street.

The Dow fell 340 points, or 0.7%. The S&P 500 was down 0.6%. The Nasdaq was down 0.7%.

The yield on the 2-year Treasury note was down to 4.12%. The 10-year yield was up to 4.53%.

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Elon Musk’s SpaceX valued at nearly $1.8tn ahead of record share sale

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Elon Musk's SpaceX valued at nearly $1.8tn ahead of record share sale

Mark Zuckerberg, co-founder and chief executive of Meta, the company that owns Instagram, Facebook, and WhatsApp, has a similar holding of different classes of shares in his firm. Yet, his voting control is around 60% of the company, significantly less than Musk’s control of SpaceX.

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Mortgage rates climb as homebuyers push past market jitters

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Zillow denies its 'interface design systematically deceives consumers'

Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday.

Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.52% from last week’s reading of 6.48%.

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The average rate on a 30-year loan was 6.84% a year ago.

MORTGAGE RATES JUMP AS INFLATION FEARS, IRAN WAR WEIGH

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Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.52% from last week’s reading of 6.48%. (iStock)

“The 30-year fixed-rate mortgage averaged 6.52% this week,” Sam Khater, chief economist at Freddie Mac, said in a statement. 

“Stronger employment momentum has helped existing home sales reach a five-month high. Importantly, we’re seeing homebuyers look past the short-term rate fluctuations and actively enter the market, signaling renewed confidence in homeownership opportunities.”

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FORECLOSURES HIT HIGHEST LEVEL IN 6 YEARS AS INSURANCE, PROPERTY TAX COSTS SQUEEZE HOMEOWNERS

Real estate agent giving a man the keys to his new home

The average rate on a 15-year fixed mortgage rose to 5.84% from last week’s reading of 5.79%. (iStock)

The average rate on a 15-year fixed mortgage rose to 5.84% from last week’s reading of 5.79%.

The U.S. added 172,000 jobs in May, beating forecasts, while unemployment held steady at 4.3%. The strong report may lower hopes for near-term interest rate cuts, according to Realtor.com economist Jiyai Xu.

TRUMP ADMINISTRATION MAKES FANNIE, FREDDIE CHANGE IT SAYS WILL BENEFIT ‘TENS OF MILLIONS’ OF AMERICANS

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Real estate agent and a couple.

The Labor Department also reported that the Consumer Price Index rose 4.2% year over year in May, the highest since April 2023.  (Getty Images)

The Labor Department also reported that the Consumer Price Index rose 4.2% year over year in May, the highest since April 2023. 

Core inflation, excluding food and energy, rose 2.9%, according to Realtor.com.

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“What began as a question of when the Fed would cut rates has quietly shifted,” Xu said in a statement. “Ongoing global tensions and rising energy prices have prompted some to wonder whether a rate increase may be back on the table.”

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SpaceX IPO: The Devil Is in the Details

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SpaceX IPO: The Devil Is in the Details

SpaceX IPO: The Devil Is in the Details

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