Cattle futures took a beating the day after Secretary of Agriculture Tom Vilsack announced he was going to ask the packing industry to voluntarily tighten up the regulations on Country of Origin Labeling (COOL).
I suppose big problems require big solutions, at least that?s what the political world seems to think. Seven hundred eighty-nine billion dollars for an economic stimulus bill that is built on a hope and a prayer is pretty amazing. This piece of wisdom passed in less than a week without any real debate.
CBB assigned a subcommittee the responsibility of coming up with a plan to streamline the organization and come up with a strategy for passing a new referendum which would increase the assessment to $2 and allow it to be increased later to $3. The task force asked nearly all producer groups to make comment on better ways for CBB to function.
Participating in the uppertieredmarkets requires information-driven decisions. When considering different strategies in todays rapidly changing industry, it is important to look at economic indicators of other sectors of the beef industry.
Perhaps I spoke too soon regarding Country-of-Origin Labeling (COOL). The Obama administration decided to suspend any final rulemaking decisions and implementation of rules that have not been implemented.
Cattle processing has been a bit short of expectations so far this year. Two weeks ago, packers processed only 608,000 head and last week, it looked like it would be somewhere around 620,000 head. The reduced production is almost always an effort to raise boxed beef values and improve margins and it generally works.
These are penny-pinching times. Thermostats and consumer spending are down. People are traveling less and doing without frills. Cattlemen often embrace this conservative spirit, even in the good years. We know that the cattle cycle turns, and favorable prices can only last so long.
Last week, the report card on bull S48 was to keep him for the 2009 breeding season. This periodic review is used on all bulls at the time of purchase and periodically throughout a bulls life. The first evaluation of older bulls is for soundness, because putting resources into a bull that has limited breeding capacity is impractical.
Last week, the final rule was published for mandatory Country of Origin Labeling (COOL); the deed is done and packers are required to label product. Proponents of COOL won the war. Price differentials have been discovered with Canadian and Mexican cattle.
The holidays are over and 2009 lies ahead. Everywhere you look, prognosticators are predicting what the new year will hold for the world. The two predictions I can make for this year are that no prediction will be completely correct, and that the road ahead is likely to be volatile and unpredictable for the agriculture industry.
Farmers, ran ch ers and horse owners can get significant tax deductions by making noncash charitable contributions of farm property to qualified doneessuch as agricultural schools or government programs.
The commonsense process of buying bulls has not changed much. The requirements are simple. The bull needs four decent legs, a bit of appropriate muscle indicative of the product, and a functioning reproductive system. Cost usually determines which bull one brings home.
This is generally when we do the top 10 stories of the past year. I thought we might try and change that and look at what could be the top issues for the next year. Its clear that change is in the wind and I would expect the wind to start blowing Jan. 20 when President-elect Barack Obama is sworn in.
The Internal Revenue Service (IRS) raised a record of $48.7 billion in revenue in fiscal year 2006revenue generated from audits of individuals, small businesses and corporations. There are about 115,000 IRS employees. This translates into a significant net profit to the government.
Mr. Crow, While I am not totally certain of the readership base of this publication, I fully realize that my message needs to be directed to the members of Congress, specifically starting with those from the western United States. The issue of the health and welfare of our aging, ever-increasing horse population is most concerning.
For purebred breeders and commercial cattlemen who sold calves early, it has been a pretty good year. Looking ahead is filled with a lot of uncertainty, but one thing about the food business is that there is always a market. I dont know how many purebred breeders have asked me its been a lothow I thought the bull market was going to be this next year.
The report from the human side of the chute was not very good. We had 32 open heifers that were pastured together and exposed to one bull. The bull had passed the breeding soundness exam. He was at least interested in the heifers at the time of turnout. Once we had the news, the bull was brought in for a recheck.
Hello, I want to notify you that cattle grazing on public land is in jeopardy like never before. In Oregon, the BLM is conducting a public comment period on the John Day Basin Resource Management Plan. Comments are due by Jan. 29, 2009. One of the main issues is that the BLM wants to close public land to OHVs and ATVs.
It was announced last week that the new secretary of Interior will be Sen. Ken Salazar, D-CO. Prior to the announcement, it seemed that he wasnt even a candidate. On the surface, he seems okay for the cattle business, given his background. Salazar, former Colorado attorney general, grew up in the cattle and farming business.