Your consumers receive hundreds of messages daily through social media, the nightly news, and even your local newspaper. Headlines like, “Protein is making a comeback” or “Human nutrition benefits from beef,” are some of the positive messages you might have seen in the past few months.
B ec o mi n g Beef Quality Assurance (BQA)-certified allows us to share our story and ensure consumers that we are responsibly raising a safe, wholesome, and healthy beef supply. The checkoff’s BQA practices show us the best management practices for handling cattle, tending to their health, and taking care of the environment.
“This week will witness a classic standoff with cattle feeders attempting to regain some leverage from the packer, buoyed by futures and declining numbers in March and April,” projected Cassie Fish of The Beef Report.
He did it again. President Barack Obama locked up another 1.8 million acres in Southern California under the Antiquities Act, and this president has given monument designations to a staggering 260 million acres of land and water— that’s 406,250 square miles.
Unlike the prior week, last week saw cash fed cattle trade get underway and done decently early. By Thursday afternoon, almost 75,000 head had been confirmed sold, with most of the trade occurring on Thursday. Prices paid for live cattle were down $2-8 at $128- 134.
According to the most recent World Agricultural Supply and Demand Estimate report, estimated beef production for 2015 was lowered by 10 million pounds (mp) to 23.76 billion pounds (bp). This number is likely to shift slightly for the next few months as 2015 data is completed and assessed, but large changes are not likely.
U.S. beef exports were below year-ago levels in December 2015 (most
recent data) and posted the first full-year value decline since 2009,
according to data released by USDA and compiled by the U.S. Meat Export
Net cash farm income and net farm income are two popular, but distinct, measures of farm sector profitability. The first measure tracks cash receipts and cash expenses, while the second also includes noncash transactions, including implicit rents, changes in inventories, capital replacement costs, and others.
“The IRS is requesting that people file their tax returns as soon as possible to avoid a logjam on the April 15 deadline,” said Nancy Granovsky, AgriLife Extension Family Economics Specialist, College Station, TX.
• The 179 expense election for 2015 is $500,000. Generally, the 179 expense election allows producers to deduct up to $500,000 of machinery or equipment purchases for the year of the purchase. There is a dollarfor-dollar phase-out for purchases of more than $2 million.
Last Tuesday, the CME Group announced it will be reducing the trading hours of the live and feeder cattle contracts. Starting Monday, Feb. 29, the trading hours for the Globex futures will return to 8:30 a.m. to 1:05 p.m., CT, Monday through Friday. The open outcry options will range from 8:30 a.
Trade representatives from the 12 countries representing the Trans-Pacific Partnership (TPP) agreement met Feb. 4 to formally sign the agreement that would open trade and reduce tariffs on a number of U.S. products including beef. U.S. Trade Representative Michael Froman was in Auckland, New Zealand, for the signing ceremony.
They say everything’s bigger in Texas; the sky, the land, and life in general. It should come as no surprise then that Texas contains one of the country’s—and even the continent’s—biggest ranches. At almost 800 square miles, the W.T. Waggoner Ranch is roughly half the size of the State of Rhode Island and has remained under one family for 167 years.
Last fall’s moderate weather allowed alfalfa plants to harden well for winter, leaving them with a high concentration of nutrients in their roots and adequate soil moisture. This winterized condition enables alfalfa crowns and roots to withstand temperatures down as low as 5 degrees above zero.
The annual Cattle (inventory) report estimated that total cattle inventories in the U.S. were up 3.2 percent year-over-year at 92.0 million head. From various inventory categories we can calculate an estimated supply of feeder cattle outside of feedlots. For Jan.