The CME is a private marketplace with a board of directors and shareholders, who expect a return on their investments. They are in the business of conducting a trading platform for a variety of markets. As far as they’re concerned, the more contracts the better.
This concept is an outcome from the question, “When should I calve?” For the past four years, the center has calved on grass. Initially, the May- and June-born calves at the center were weaned at the traditional early November dates, held in confinement pens for up to a month and then put back out on winter paddocks and supplemented.
Small cow herds started up 10,000 years ago when the first farmers decided they would rather herd cattle than hunt them. Cows became second nature to farmers over the millennia and made the trip to America with Spanish expeditions more than 500 years ago.
World Trade Organization (WTO) allowed Mexico and Canada tariff relief over country-oforigin labeling (COOL) last week. The WTO ruled several times against the COOL law, which violated U.S. trade obligations and discriminates against Canadian and Mexican CROW.
Trend information on pasture conditions is valuable. Photos and transects data document the changes that have occurred in forage species, soil health, soil cover and woody over-head species over time. These changes reflect the results from your pasture management strategies.
After last week’s disappointing futures trade I’m sure that everyone is asking where the bottom is in this cattle market. The week after Thanksgiving usually produces a rally on live cattle as packers gear up for Christmas, one of the best demand times of the year.
I was talking with a California cattle feeder last week and asked him how he prices his cattle. “Off the Texas-Oklahoma-New Mexico market” was his reply. Then he added that the prior week, the price was based on cash or negotiated grid sales of less than 250 head.
With cooler weather evident, it is important to remember that what producers do and don’t do during the winter months can affect next year’s calving success, conception rates, and weaning rates. Colder weather means more energy is needed in the diet in order to maintain weight and increase a herds’ body condition score.
At the Dickinson Research Extension Center, cattle are worked quite frequently because we need to collect data for research projects. But, as the center has shifted from intensive cattle production to extensive cattle production, certain managerial questions arise.
An ideal beef steer is one you can profitably produce again and again, to earn premiums on a value-based grid. That’s the premise Paul Dykstra used in presenting “How to build the perfect steer” at the Angus Means Business National Convention Nov. 2-4..
By the time this issue reaches mailboxes, Thanksgiving and Black Friday will have taken place and the start of the harvest season for retail stores has begun. It has been a very interesting past few months for the cow/calf producer, especially for those who didn’t manage risk earlier in the year.
Paperwork and processes were developed to assure cattle verification by a unique animal identification number as cattle moved along the market chain. As the animal went further down the marketing chain, pressure mounted to assure compliance with the original intent of the animal purchase.
In 1999, prominent Purdue Economist Michael Boehlje said the “new agriculture” in the 21st century would include a focus on differentiated, branded production. At the time, most ag commodities were sold unbranded. Are we making progress? There’s evidence that says we are, especially in the beef sector.
The USDA’s Food Safety Inspection Service (FSIS) wants to add Namibia to the list of countries that can export to the U.S. The U.S. does represent one of the most robust markets for beef products in the world and it appears that every beef producing country wants a piece.
markets are on a terror and have sucked the life out of the cash cattle markets. Over the past six weeks we were down $20 on fed cattle, then we were up $20, and now we’re back down $20. I think we all expected some volatility in the market but this is CROW.
Sometimes I think I’m an average beef consumer. But then in the grocery store checkout line, as I put my items on the conveyer I realize my purchases rarely contain any meat. Not unlike many in the ag community, my family has a deepfreeze full of protein, so during normal weeks we’re dipping into that supply daily.
During the past 25 years, much of my research has been on the economics of water markets. Economists continue to emphasize that water is an economic good especially in the western U.S., where water is scarce and therefore valuable.
Through the first half of the 20th century, preventing nutritional deficiencies was the focus of nutrition guidance from public health groups and government agencies. But that changed 40 years ago, when publichealth policy shifted from what was not in the diet that should be, to what was in the diet that should not be.