It was announced last week that the Commodity Futures Trading Commission (CFTC) will move ahead with limits on position size in the commodity markets. CFTC Chairman Gary Gensler said that the limits will help to protect the markets, both in times of clear skies and when there is a storm on
We still are pondering the future of the beef cow and visiting and revisiting old and new thoughts. If one references the world production of beef, our beef production is just one piece of a very big picture.
The proposal will limit spot-month positions to 25 percent of the deliverable supply of any single commodity. Non-spot-month positions are set at a maximum of 10 percent of open interest up to 25,000 contracts and 2.5 percent beyond that threshold.
Its becoming very apparent that the livestock business is going to have to learn to live with $5 corn. Many already have because corn prices dropping back below $3 just isnt going to happen. The cattle industry has developed itself around cheap corn for the past 50 years. The corn rally in 2008 made you think a bit, but it seemed
Most market analysts are expecting 2011 to be a good year for the cattle industry. The USDA forecast is calling for a 2 percent reduction in beef output next year which should shore up the supply side of the market. The supply side of live cattle markets is in a positive situation for the year ahead and for
It was the afternoon of Dec. 23, 2003, when the call came in from USDA. Beef industry leadership at the national and state levels had practiced for this moment, but it was still a shock to learn that a cow of Canadian origin in Washington state had tested positive for bovine spongiform encephalopathy.
The article titled Economics of Animal Agriculture Production, Processing and Marketing (Volume 21, No. 3, 2006), authored by Michael Boehlje, focused on issues we in the beef industry need to understand. Perhaps that understanding is the source of the continued discussion.
Cattle markets have gone wild over the past couple weeks, with nice advances in last weeks markets for all classes of cattle. It appears that the managed money funds are back in the game and pushing both fed and feeder cattle contracts to new highs. Even though the cattle are the highest they have ever
If the future of beef is a concern, and it certainly seems to be based on the numerous reports on the decreasing cow herd, then who really is concerned? Having been to many meetings and then repeats of these meetings and actually repeats of the...
The USDA Grain Inspection Packers and Stockyards Administration’s congressional mandate to make changes to the Packers and Stockyards Act appeared to hit a big stalling point last week. Secretary of Agriculture Tom Vilsack announced last week that the agency will perform
Cattle markets have been a nice surprise the past few weeks. Market advances have exceeded what most analysts were expecting. Maintaining fed prices in the $1 per pound area for an extended period of time is remarkable. Cattle supplies remain low in North America and you have to wonder if we’ll see
What do cell phone promotions, credit card solicitations, and the administration’s sales patter about its "new approach" to public lands management all have in common? Each one of them is tricked out with feel-good language to conceal the facts buried in that fine print they’d rather you didn’t read.
The continued strength of the feeder and fed cattle markets makes a mockery of claims that the market is broken. Just a month or so ago, some analysts were forecasting that fed cattle prices would fall to $90 per cwt. or go even lower. Yet cash prices topped $100 again the week before last and went even higher last week.
The Dickinson Research Extension Center utilizes many bulls and always evaluates bulls at the time of purchase and periodically throughout their life span. Perhaps the most challenging evaluation is to ask if the bulls meet the current objectives of the breeding program or expected market for the calves.
A recent survey showed the Humane Society of the United States is now the go-to source of information for consumers looking into the humane treatment of food animals and industry production practices. That study, conducted by the Center for Food Integrity and released last month, ought to be giving the industry a little heartburn.
I’m constantly amazed at how we do business in the livestock industry. Millions of dollars trade hands in the country on a word and a hand-shake. There has seldom been a problem and, if there was, it was dealt with and we moved on. There’s been a lot of talk about Eastern Livestock Company’s recent
Somewhere along the trail, this situation with Grain Inspection, Packers and Stockyards Administration’s proposed changes to the Packers and Stockyards Act went from an economic issue to a social issue. One thing for certain is you can’t have a good social policy in this country without a
Ben and April Nichols were cleaning up the Buzzard Allotmentwith around a hundred bullson the Grand Mesa National Forest just before hunting season. The highways were full of hunters headed to the hills, eager to point a rifle at something with hair.