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Cattle Market & Farm Reports, Editorials
by WLJ
Jun 20, 2005
— Market declines $2-3; feeder cattle follow. Last week’s developments surrounding a possible second case of BSE in the U.S. and the continued softness in the boxed beef market combined to result in a $2-3 softer fed cattle market last week. That decline trickled down to the calf and feeder cattle markets, also to the tune of about
Cattle Market & Farm Reports, Editorials
by WLJ
Jun 13, 2005
— Yearlings slump on fed losses. — Calves up on rain. Fed cattle gained $1 in the northern Plains dressed markets and were mostly steady on the live trade in southern feeding states last week. Most live trade was at $85, while dressed sales were at $135 on moderate trade.
Cattle Market & Farm Reports, Editorials
by WLJ
Jun 6, 2005
Morton’s founder dies at 83 Restaurateur Arnie Morton, founder of the Morton’s of Chicago steakhouse chain, died May 28 at the age of 83. Morton had suffered from Alzheimer's disease and cancer and had been living at a nursing home in Deerfield, IL. A native of Chicago, Morton opened his first restaurant,
Cattle Market & Farm Reports, Editorials
by WLJ
May 30, 2005
Swift names new CEO Swift & Company announced it has named Sam Rovit as its chief executive officer and a member of its board of directors. Rovit has been with leading strategy consultants Bain & Company since 1988, and was named to that firm’s partnership group in 1995. Rovit is co-author of Mastering
Cattle Market & Farm Reports, Editorials
by WLJ
May 30, 2005
— High court votes 6-3 in favor of program. The U.S. Supreme Court last week overturned previous courts’ rulings that the national beef checkoff was unconstitutional, which means the program will continue to fund research and promotions, including the “Beef: It’s What’s For Dinner!” advertising campaign. As a result of that ruling, the
Cattle Market & Farm Reports, Editorials
by WLJ
May 30, 2005
I will have to admit that I was as surprised as anyone about the Supreme Court’s decision to maintain the beef checkoff and rule that it is a form of government speech and not subjected to the first amendment as forced association. If I were to place a bet six months ago, my money would have been that the program
Cattle Market & Farm Reports, Editorials
by WLJ
May 30, 2005
Midwestern crop specialists during mid-May indicated that the number of corn acres to be replanted is well into six-digit territory and could be almost 250,000 acres, as of May 20. Those reports resulted in some significant spikes in corn futures prices between May 20 and last Wednesday, which have in turn started pressuring prices being paid for calves and
Cattle Market & Farm Reports, Editorials
by WLJ
May 30, 2005
The filibuster fight over judicial nominees appears to be over for now since 14 Republican and Democratic senators broke with their party leaders last Wednesday to avert a showdown vote. These Senators agreed to give an up or down vote on three of President Bush’s nominees, while preserving the right to filibuster others in “extraordinary circumstances.”
Cattle Market & Farm Reports, Editorials
by WLJ
May 30, 2005
The filibuster fight over judicial nominees appears to be over for now since 14 Republican and Democratic senators broke with their party leaders last Wednesday to avert a showdown vote. These Senators agreed to give an up or down vote on three of President Bush’s nominees, while preserving the right to filibuster others in “extraordinary circumstances.”
Cattle Market & Farm Reports, Editorials
by WLJ
May 30, 2005
Vernon Leonard Thornton Vernon Leonard Thornton, 76, died at home in Moores Valley, OR, of a brain tumor May 13. The son of Robert Baird and Marjorie Bell Thornton, he was born Feb. 25, 1929, in Payette, ID. The family moved to Moores Valley, west of Yamhill in 1932. Thornton graduated from Yamhill High School
Cattle Market & Farm Reports, Editorials
by WLJ
May 30, 2005
— Low $80s projected next few months. — Fall market impact mostly neutral. USDA’s May 1 Cattle-on-Feed Report, unveiled May 20, was viewed as being mostly bearish for the summer fed market and neutral for the fall, early-winter marketing season. That summer bearishness came to fruition last Monday when the first few
Cattle Market & Farm Reports, Editorials
by WLJ
May 30, 2005
USDA’s Animal and Plant Health Inspection Service (APHIS) last Tuesday announced it has restricted all feeder cattle from the Mexican state of Durango from crossing into the U.S. due to “inadequate bovine tuberculosis management” within that state. Before the announcement, Durango was divided into two sections for the purposes of exporting cattle to
Cattle Market & Farm Reports, Editorials
by WLJ
May 30, 2005
The earlier-than-normal outbreak of vesicular stomatitis (VS) in the Southwest has expanded to include a third state before the beginning of June. State and federal veterinarians have said weather conditions continue to be very conducive for an even larger outbreak that could impact several more states over the next few months. On May
Cattle Market & Farm Reports, Editorials
by WLJ
May 30, 2005
The first conservation easement for the Grassland Reserve Program (GRP) was recently made official in Washington. This 216-acre stretch of native prairie in South Puget Sound will remain in ranching and preserved from development due to a partnership between the family that homesteaded the property and the Natural Resources Conservation Service (NRCS). Members
Cattle Market & Farm Reports, Editorials
by WLJ
May 23, 2005
Jack’s Q2 earnings up Jack in the Box Inc. reported higher quarterly earnings in the second quarter, as improved sales of its chicken ciabatta sandwich and other new products offset higher beef and produce prices, sparking a 7.5 percent jump in its shares. Net income for the fiscal second quarter ended April 17 rose to


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