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WLJ

Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
It looked like we were going to get some big news on reopening beef trade with Japan last week. Prime Minister Koizumi was in the U.S. attending the United Nations meetings in New York City, and took some time to visit with President Bush about getting beef trade restarted. Chandler Keys, lobbyist for NCBA said that Koizumi is taking this beef issue back to his
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
October 1, 2007 When trainer Ray Ariss went off pattern during the “horse course” of the Extreme Mustang Makeover, giving him a zero for that portion of the competition, his hopes for representing his hometown of Norco, CA, and displaying the talents of his American mustang Hail Yeah were dashed, or so he thought. That was until Hail Yeah was adopted for $50,000 during the Extreme Mustang Makeover adoption process, taking the high-adopted horse of the adoption and the highest-adopting mustang in the history of the Bureau of Land Management’s (BLM) adoption program. “It was totally my fault that I missed the
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
The judgment was entered by an Arizona Superior Court judge after a jury found that CBD had to pay $600,000 in actual and punitive damages to James K. Chilton and Chilton Ranch and Cattle Company for libeling the fifth-generation Arizona rancher and the Chilton family cattle ranch. The Supreme Court’s action had the effect of re-confirming the validity of a Tucson jury’s verdict delivered on Jan. 5, 2005, which found CBD guilty of making “false, unfair, libelous and defamatory statements” against Chilton, a southern Arizona cattle rancher. The jury awarded Chilton $100,000 in actual damages, and $500,000 in punitive damages,
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
— Much of the product likely consumed already. A New Jersey meat processor has voluntarily recalled an estimated 21.7 million pounds of ground beef after E. coli 0157:H7 contamination sickened at least 25 people in eight northeastern U.S. states. The recall, the fifth largest on record, came last week after an initial recall on just 331,582 pounds of meat three days earlier. Topps Meat Company LLC is the largest U.S. producer of frozen hamburger patties. “This is frozen product” and could still be in home freezers, said Richard Raymond, USDA’s undersecretary for food safety. He added that “consumers have a big role”
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
Farm Bill two-step It appears that the Senate Ag Committee led by Sen. Tom Harkin of Iowa is about ready to start their discussion. The House version of the Farm Bill appeared fairly harmless and was going to make a few mild improvements to the Country of Origin Labeling law set to go into effect next September. There hasn’t been any serious rumbling coming out of the Senate Ag Committee over the past few weeks. I imagine that is going to change in the next week or so. The Senate has a bunch of new ideas to bring to the Farm
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
The cash fed cattle market last week was at a standstill Thursday with trade expected to slide lower by as much as $4 when it finally got underway. There was light trade reported in Nebraska at mid-day Thursday at $144-145 dressed basis, which was $3-5 lower than the prior week. However, most feedlots were still holding out for better money in hopes of at least steady trade, although it appeared unlikely. Prior week trade occurred at $96-96.50 live in the south. Live sales in Nebraska and Colorado came in a range of $95 to $96.50 and dressed sales were at $150.  Iowa/Minnesota
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
By mid-week last week, the number of confirmed cases of bluetongue disease had risen to 24, up from just 11, four days earlier, officials with the British Department for Environment, Food and Rural Affairs said. A 20 kilometer control zone was imposed in Suffolk around affected farms and outside that, a 150 kilometer protection zone was put in place. Farmers within the 20 kilometer control zone are not permitted to transport livestock out of the area unless for slaughter within the wider protection zone. Livestock owners within the protection zone are allowed to move animals only within its boundaries. The
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
The economics of ethanol priced significantly below gasoline have caused fuel blenders to increase their “discretionary” use of ethanol, according to the latest reports from Bloomberg News. The business news service cites an increase of 7 percent in ethanol blending into gasoline over the past four weeks and explains that this continues a trend which has seen U.S. ethanol consumption rise 46 percent above 12 months ago. Including the 52-cent federal blender’s credit, ethanol was $1.02 cheaper to use than gasoline, based on contracts at the Chicago Board of Trade (CBOT), Bloomberg reported. On Sept. 26, CBOT saw its lowest
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
The Intermountain region is one of the hottest ranch real estate markets in the country. Featuring mountain, river and lake enhanced properties and productive ground, it is no wonder that buyers have flocked to the market over the past decade to snatch up prime real estate, driving appreciation to double-digit levels in recent years. However, according to ranch brokers, there are still incredible properties available, buyers in the market, and, surprisingly good deals to be found in a few areas. According to USDA data published last month, the entire region has experienced property appreciation approaching, and in many cases exceeding,
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
The use of science and the hobby loss rule In hobby loss audits, the IRS sometimes views various types of ranching activities as a means of generating tax losses, rather than as a profit-oriented venture. Many cases that have ruled in favor of the taxpayer in livestock and other ranching activities involve people who developed a superior line of animal. Taking a scientific approach to breeding is evidence showing a businesslike approach to the activity. Careful research into pedigrees, for example, shows a concern for the proper application of genetics to your breeding program. Working with experts to develop a superior nutritional
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
For buyers interested in purchasing feeder cattle, a verifiable and sound vaccination program is an instant selling point. These buyers know that while many groups of calves are healthy while they’re still on the home ranch, the stresses of marketing, transportation, and changes in environment weigh heavily on a calf’s immune system. Buyers are more than willing to pay extra for calves which they know will help them avoid the time, labor and expense of gathering and re-vaccinating. Dr. Jason Banta, extension beef cattle specialist for Texas A&M University, says there are a number of things producers should first consider before
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
The National Western Stock Show named University of Colorado (CU) President Hank Brown its 2008 Citizen of the West. Brown will accept the prestigious award at a dinner on Jan. 16, 2008, at the Adam’s Mark Hotel. The Citizen of the West, selected by a committee of community leaders, is an annual award given to a person who embodies the spirit and determination of the Western pioneer and is committed to perpetuating those Western ethics. “Hank has it all,” said former Sen. Alan Simpson, who also was the 1990 Citizen of the West recipient. “He’s the epitome of the old phrase,
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
At a meeting held in Lewistown, MT, on Tuesday, Sept. 25, the United States Cattlemen’s Association (USCA) launched a nationwide initiative seeking changes to the mandatory Beef Checkoff Program that will permit a portion of checkoff funds to promote domestic beef. Leo McDonnell, USCA director emeritus, Columbus, MT, was the featured speaker at the Lewistown meeting. McDonnell told participants that the time is right for U.S. producers to ask Congress for modifications to the Beef Act that will permit development of national and international marketing programs supporting domestic beef actually derived from cattle born, raised and processed in the U.S.
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
October 15, 2007 Cash fed cattle trade last week was underway by Wednesday as packers managed to pressure feedlot asking prices lower in the north. Although volume was light in the north and not yet established in the south, prices last week were $2-3 lower in Nebraska at $139-141 dressed, with a few reported live sales at $89.50. In Iowa and Minnesota, prices were reportedly $1-4 lower at $138-141 dressed basis, with the few reported live sales $2 lower at $89. An improving live cattle contract trade gave the market pause last week as fund buying and technical support pushed contract
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
October 15, 2007 Retail food prices at the supermarket increased slightly in the third quarter of 2007, according to the latest American Farm Bureau Federation (AFBF) Marketbasket Survey. The informal survey shows the total cost of 16 basic grocery items in the third quarter of 2007 was $44.03, up about 2 percent, or $1.08, from the second quarter of 2007. Of the 16 items surveyed, eight increased, seven decreased and one stayed the same in average price compared to the 2007 second-quarter survey. Compared to one year ago, the overall cost for the marketbasket items showed an increase of about 7 percent. For
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
The cause for the current decrease in demand is the result of many factors. Dr. Jim Mintert from Kansas State University attributes much of the decrease to the “phasing out” of the low-carb diet craze. Once again, a diet that was thought to be the magic combination of nutrients to rapidly lose weight has proven to be a passing fad. It seems safe to assume that there was a correlation between the low-carb diet and the changes in beef demand. Jim Robb with the Livestock Marketing Information Center agrees that the low-carb diet probably played a significant role in the changes
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
The surveyed items increased $1.18 in the third quarter of 2006, compared to the second quarter when the survey items dropped by 82 cents. Of the 16 items surveyed, nine increased and seven decreased in average price compared to the 2006 second-quarter survey. Red Delicious apples showed the largest increase, up 33 cents to $1.51 per pound. Other items that increased in price: bacon, up 32 cents per pound to $3.39; flour, up 25 cents to $1.88 per five-pound bag; mayonnaise, up 24 cents to $3.37 per 32-oz. jar; toasted oat cereal, up 21 cents to $3.10 per 10-oz. box; whole
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
October 22, 2007 U.S. agribusiness Cargill Inc. last Monday said first-quarter net earnings rose 83 percent, led by its origination and processing segment which processes, markets and distributes agricultural commodities. Minneapolis, MN-based Cargill, which provides food, agricultural and trading services, said net earnings in the quarter ended Aug. 31 rose to $917 million from $500 million a year earlier. The results marked the first quarter with Greg Page as chief executive of the second-largest privately held U.S. company. Page took over as Cargill CEO on June 1, replacing Warren Staley who retired as chairman on Sept. 11. Page has also assumed that position. “June
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
October 22, 2007 North Dakota Stockmen’s Association (NDSA) members gave the beef industry’s 21-year-old research, promotion and education program a vote of support at their 78th annual convention in Bismarck, ND, Sept. 29. Members approved the Beef Checkoff Program resolution which celebrates the success of the checkoff in building beef demand and supports the four structural changes recommended by the Industry-Wide Beef Checkoff Task Force last year. “The beef checkoff already has a long list of accomplishments for our industry—from turning around falling beef demand to maintaining consumer confidence during what could have been the BSE crisis,” said NDSA President Mark Huseth
Cattle Market & Farm Reports, Editorials
by WLJ
Dec 20, 2007
October 22, 2007 USDA moved its corn crop expectations higher as part of the Oct. 1 Crop Production report. According to National Agricultural Statistics Service (NASS), the total national corn production will reach 13.3 billion bushels, up 26 percent from 2006. The number was on the low end of analysts’ expectations and the news spurred corn prices to move slightly higher following the report, according to Virginia Tech Commodity Marketing Agent Mike Roberts. Based on crop conditions when the report was compiled, yield will average 154.7 billion bushels of corn per acre nationally, up 5.6 bushels from last year’s average with


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