A recent Cow/Calf Corner newsletter discussed cull cow grades. Remember cull cows that are destined to go to the packing house are graded by their fleshiness. The fattest cows are called “Breakers.” Moderately fleshed cows are “Boners.” Thin cows are called “Leans” or “Lights,” depending upon the weight of the cow.
For many years, cattle producers experienced a somewhat predictable cattle cycle approximately 10 years in length. However, during the last 15 years, an abnormal number of outside events have caused the cycle to be less predictable and left producers wondering if the cattle cycle is relevant for planning purposes.
The economy hit the skids about the time we formed the partnership, and for most years the Schedule K-1 allocations were insignificant. There really was not any profit until 2015. This year the company made a large sale, and my share of the profit is in excess of $300,000.
Because land is a critical input to farming and farm real estate represents such a large portion of the value of farm sector assets (around 80 percent), the ownership of agricultural land is a topic of interest to farmers, lenders, policymakers and others concerned with the farm sector.
Some culling of beef cows occurs in most herds every year. A few cows will become reproductively unsound, broken-mouths, bad udders, open, and/or just plain old. If feed resources are available, some producers may wish to market the culls after the first of the year for tax purposes.
About 222,000 women are principal farm operators, or the person most responsible for making day-to-day decisions about the farm; 1.5 million women are spouses of principal operators. About one-third of these women spouses are secondary operators who work on the farm and participate in day-to-day decisions with their husband.
U.S. beef imports were up 32.5 percent in the first seven months of 2015. This follows a beef import increase of 31 percent year over year in 2014. The 2014 beef import total was the highest level since 2007 and, at the current pace, total 2015 beef imports could be a new record high.
August beef exports totaled 84,167 metric tons (mt), down 18 percent from a year ago. Beef export value was down 24 percent to $498 million, the lowest in 18 months. For the first eight months of 2015, exports were down 11 percent in volume to 703,231 mt and dropped 5 percent in value to $4.
At Hall and Hall, a fullservice real estate company based in the Rocky Mountain West, providing loan, appraisal, management, and brokerage services throughout the United States, Partner Tim Murphy and Appraiser Mike McDonnell of the Bozeman, MT, office talked with WLJ.
According to the USDA Agricultural Land Values report, average farm and ranch real estate, which includes both land and structures, in the Intermountain Region rose 2.8 percent from August 2014 to August 2015. This increase was slightly higher than the whole -See Real estate on page 17.
As quickly as it fell, things popped back up last week. Near-term futures contracts gained back almost all of their losses seen the week before and even cash cattle showed some upward movement following a headlong rush to the bottom.
Although 2015 fed steer supplies remain historically small, prices have recently fallen from the record high levels reached during the first and second quarters of 2015. Prices have been trending lower since April 2015, and in July and August fell below the levels of the same time a year ago.
The USDA Economic Research Service (ERS) projected growth in agricultural productivity (measured as total factor productivity, or TFP) under alternative public R&D assumptions starting in 2010: a 1 percent increase in annual public research funding...
Fed cattle prices dropped over $9/cwt. last week to about $125/cwt. Prices for pens over 80 percent Choice made up most of the volume and had a lower average price than lower grading pens of cattle. This has been the situation for several days and reflects the large supply of extremely heavy fed cattle.
The USDA Economic Research Service livestock and meat trade data released in September showed an increase in beef imports of 32 percent coupled with a decrease of 10 percent in beef exports. Given current trade expectations, approximately 14 percent of the U.
“We have some of the best vaccines and technology available to us, but the mortality number has continued to rise,” said Dr. Ted McCollum, AgriLife Extension Beef Cattle Specialist in Amarillo. “Health is the first management challenge faced by stocker cattle producers.
“Fed cattle prices continued their collapse as producers try to alleviate their backlog,” announced Andrew Gottschalk of Hedger’s Edge last week. He additionally said there was little point in rehashing the prior week’s cash fed prices as they were “clearly imprinted in everyone’s mind.