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Cattle Market & Farm Reports, Editorials
by WLJ
May 2, 2005
— Analysts pleasantly surprised. — Placement decline also good news. Late spring and early summer fed market optimism ran rampant through the industry last week after USDA statisticians indicated that feedlots marketed a lot more cattle during March than originally projected. In addition, the summer market was said to be helped by a reported
Cattle Market & Farm Reports, Editorials
by WLJ
May 2, 2005
Early weaned cattle appear to produce higher quality beef compared to those weaned under more normal circumstances, according to a preliminary study from Kansas State University (KSU) beef cattle researchers. However, the research also showed that early-weaned animals are more predisposed to more external fat deposition and poorer yields than cattle weaned under
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 25, 2005
Lone Star’s first quarter mixed Lone Star Steakhouse & Saloon Inc’s first quarter net income fell less than one percent as sales increased nearly three percent. In a press release April 18, the Wichita-based restaurant chain said net income for the quarter fell to $10.9 million, or 49 cents a share, from $11 million, or
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 25, 2005
A movement in some cities and states to change the terminology from “pet owner” to “pet guardian” has some members of the industry highly concerned. Veterinarians and associations alike are trying to get the word out that if this activity progresses, there could be serious impacts on the way livestock owners manage their animals and pets.
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 25, 2005
A well respected animal science professor from my alma mater and a member of the January Canadian beef trade contingent sponsored by the National Cattlemen’s Beef Association (NCBA) told producers earlier this year that the U.S. beef industry will look back at the current BSE situation in 20 years as “the biggest case of overreaction ever in the industry.”
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 25, 2005
Cattle that are resistant to disease can prove to be very valuable to producers through reduced labor and treatment costs. One method researchers are working on to improve disease resistance in cattle is through gene transfer. Gene transfer is the process of genetically coding animals for genes that resist susceptibility to diseases. Although
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 25, 2005
The U.S. Department of Agriculture (USDA) is looking into the possibility of softening its regulation that prevents all non-ambulatory cattle from being processed for human food. Any change in the rule, however, will probably not happen until after the agency concludes its stepped up surveillance program for bovine spongiform encephalopathy (BSE). According to
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 25, 2005
When Congress recently passed new bankruptcy legislation, some lawmakers suggested that the law has a loophole used by wealthy people to protect substantial assets from creditors even after filing for bankruptcy. This device, known as an Asset Protection Trust (APT), has emerged in recent years as a means of protecting assets from the reach of creditors, and
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 25, 2005
Science scrutinized Dear Editor: The Canadian border debate is not helped by resorting to epithets and name calling. Swift’s CEO John Simons’ letter of April 11 labels those who oppose reopening the border as “a group of protectionist, anti-free trade ranchers…a group of fringe ranchers” who are rife
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 25, 2005
— Packer ownership ban resurfaces. — Marking of imported cattle proposed. After being a secondary item of discussion over the past year, the idea of banning packer ownership and control of livestock has once again become a front burner issue in Congress. In addition, several members of the House of Representatives stoked the country-of-origin
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 25, 2005
John Simons, president and CEO of Swift & Company, Greeley, CO, announced his resignation from the company April 14, citing personal reasons. The specific reason for his departure, however, was not disclosed. Dennis Henley and Danny Herron were named co-interim-CEOs while the search for Simons’ successor is conducted, the company said. A Swift spokesman
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 25, 2005
— Taiwan purchases taking effect. — Fear of late spring front-end problems. Stronger boxed beef prices, packer profits, a projected jump in spring beef demand and a $1.50-2 rally in nearby live cattle futures helped spike cash fed cattle prices mostly $2 last week compared to the week previous. Northern tier trade revved up Wednesday
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 25, 2005
Most of the antagonism in the beef industry is between cattle producers and packers. The producer feels as if he is being paid too little for his cattle and the packer feels as if he is paying too much for cattle. Either way, both of these segments rely on each other to exist in the North American beef industry, but Tim
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 18, 2005
Fed cattle trade was stronger last week on very light trade volume. Northern Plains feeders started trading Wednesday afternoon establishing the live market at $149 dressed while Southern Plains feeders were holding the line at $92, which is where most live trade occurred. The fed markets were generally $2.00 higher over the bulk of the prior week’s trade.
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 18, 2005
Sausage recall Roger Wood Foods in Savannah, GA, is voluntarily recalling approximately 10,700 pounds of sausage products that may be contaminated with listeria, the U.S. Department of Agriculture's Food Safety and Inspection Service announced. Products subject to recall include: 1-pound packages of preferred recipe, BEEF Smoked Sausage, 2.5-pound packages of GREAT GRILLERS, smoked
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 18, 2005
After almost two years of regulations and required tuberculosis testing of cattle being transported out of California, producers may again be allowed to freely move cattle without restriction. In a meeting last Wednesday between California Cattlemen’s Association (CCA) representatives and USDA’s Animal Plant Health Inspection Service (APHIS) Administrator Ron DeHaven, the agency announced
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 18, 2005
The bull sales this spring have been remarkable. Midland Bull Test sold just over 400 Angus bulls at an average of $3,200. All the cattle markets are on fire, and there doesn’t appear to be any end in sight. With a $70-80 salvage bull market it just doesn’t make sense to keep a marginal bull on the ranch.
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 18, 2005
Livestock producers should consider using crop byproducts to stretch drought-affected pastures and hay supplies, said Greg Lardy, North Dakota State University Extension Service beef cattle specialist. Lactating beef cows have relatively high nutrient requirements, according to Lardy. Consequently, those cows need an adequate supply of nutrients, particularly protein and energy, to maintain
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