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WLJ

Cattle Market & Farm Reports, Editorials
by WLJ
Jun 20, 2007
13, 2005 A promising pre-harvest, live animal pathogen reduction technology could receive a stronger look from government regulatory and meat industry officials after scientists have found that it doesn’t jeopardize the health of consumers because of potential residue fears. Efforts to reduce deadly pathogens in meat have most
Cattle Market & Farm Reports, Editorials
by WLJ
Jun 20, 2007
13, 2005 The earlier-than-normal outbreak of vesicular stomatitis (VS) in the Southwest has grown to include 29 confirmed cases in horses from 23 premises in six counties representing three states, according to USDA’s Animal and Plant Health Inspection Service as of June 6. The counties infected with the
Cattle Market & Farm Reports, Editorials
by WLJ
Jun 20, 2007
20, 2005 ConAgra’s Q4 earnings to slump ConAgra Foods, Omaha, NE, said earnings for its fiscal 2005 fourth quarter will be lower than expected primarily due to continued weak profitability in the company’s packaged meats operations. Those operations continue to be negatively impacted by high protein input costs coupled with inadequate pricing management, the company said. The company recently made several significant personnel changes in its packaged meats operations and expects those changes, along with better pricing management, aggressive cost-savings initiatives, and SKU rationalization, to improve the packaged meat operations over time. The company plans to cut about 1,000 jobs from its
Cattle Market & Farm Reports, Editorials
by WLJ
Jun 20, 2007
20, 2005 The Beef Promotion Operating Committee has recommended a $50 million Cattlemen’s Beef Board (CBB) budget for fiscal year 2006, reflecting a slight decrease from the $50.5 million budget for fiscal 2005. The Beef Board, which administers the national checkoff program, projects revenue of $45.4 million for fiscal 2005, plus $4.6 million to be available from current program budgets as a result of projects costing
Cattle Market & Farm Reports, Editorials
by WLJ
Jun 20, 2007
20, 2005 The tenuous nature of U.S. beef trade with Pacific Rim export partners became even more so last week following the announcement that a cow tested last November for BSE could have been infected with the disease. Officials in Taiwan, the most recent major export market to reopen to
Cattle Market & Farm Reports, Editorials
by WLJ
Jun 20, 2007
20, 2005 Agriculture Secretary Mike Johanns last Thursday announced the first Farm Bill Forum and the topics on which USDA will be seeking input from America's farmers, ranchers and rural residents regarding the development of the 2007 Farm Bill. "The next farm bill will affect America's entire agricultural community," said Johanns. "That's why I want to ask America's farmers and ranchers how our farm policy is working and how we can make it better. I believe very strongly that they deserve a voice in this process.” The first Farm Bill Forum will be held in Nashville, TN, on July 7 from 6:00 to
Cattle Market & Farm Reports, Editorials
by WLJ
Jun 20, 2007
20, 2005 — Northern tier cattle 30-40 pounds heavier. — Cool weather could intensify front-end supplies. The normal seasonal summer spike in finishing weights of fed cattle started this year several weeks earlier than normal, and analysts are concerned that unseasonably cool weather could make the issue of front-end supplies even more severe over the next couple of months. For the week ending June 12, the average live finishing weights of steers being processed was 1,260 pounds, 18 pounds heavier than last year. Average steer carcass weights for that same week were 824 pounds, 15 pounds heavier than a year ago. The biggest jump in
Cattle Market & Farm Reports, Editorials
by WLJ
May 28, 2007
A new study conducted by the Center for Agricultural and Rural Development at Iowa State University (ISU) conservatively estimates that the increased prices of corn driven by the demand for corn-based ethanol have already increased U.S. food retail prices by $14 billion annually. The study examined the impact of ethanol and other biofuels on the future and what kind of effect it could have on crop markets, the livestock sector, exports and grain-based food retail prices. The study found that if corn were to reach $4.42 per bushel, which is not out of the realm of possibility, as opposed to
Cattle Market & Farm Reports, Editorials
by WLJ
May 23, 2007
2005 Eric Loretz Eric Loretz, born August 30, 1923, in Sacramento, CA, passed away May 1, in Elk Grove. He was 81. Loretz lived his entire life around the Sacramento area and in 1936 moved to the home ranch in Franklin where he lived until
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 2, 2007
Negotiations to resolve the protracted Chinese ban on U.S. beef should be part of the formal agenda for the upcoming strategic economic dialogue meeting set to occur in mid-May, said American Meat Institute (AMI) President and CEO J. Patrick Boyle in testimony submitted to Congress. “The U.S. has demonstrated its trustworthiness in food safety and animal health matters in accordance with internationally accepted scientific principles and should have access to the Chinese market,” he told the Senate Committee on Finance. Boyle noted that the ban on U.S. beef has frustrated the beef industry and has stymied the ability to get quality U.S.
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 2, 2007
  Tradition or planning? Have you ever stopped to think through why you do what you do? I don’t mean why you are in the beef business but, rather, why you produce and market the way that you do. Why is the size of your operation what it is today? Why do you market when and how you do? Why do you market with whom you do? All these questions get at the basic idea of making sure that you are making decisions on purpose rather than by tradition. There are so many areas of your business that require your decision making that
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 2, 2007
  Placements up 4 percent from 2006. The March 1 cattle on feed report came in mostly in line with pre-report expectations and was viewed as positive in the near-term for the industry. The number of cattle on feed in feedlots of 1,000 or more head as of March 1 was estimated at 11.6 million head, 4 percent below the same date last year, according to the USDA report. With the tighter numbers of available fed cattle, the market should continue to gain strength over the next several weeks. University of Nebraska Agricultural Economist Darrell Mark said the report was reasonably friendly for
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 2, 2007
  Caution: Market volatility ahead With a $4 corn market, it is absolutely remarkable that feeder cattle markets have found strength at last summer’s level. April feeders were trading at $106.40 last week and the deferred contracts were even higher on into summer and fall. This defies the normal trends we’ve come to expect. Corn goes up, feeder cattle go down. Corn goes down, feeder cattle go up, a simple market dynamic. So what gives in this world of expensive feed costs and high priced feeder cattle? Cattle feeders are earning a little on today’s fed cattle, but they have to be cringing
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 2, 2007
  U.S. Sen. Mike Enzi, R-WY, has introduced legislation to end unfair and manipulative meat packer practices. Enzi said money is being taken out of the pocketbooks of hardworking ranchers in Wyoming and across the U.S. because of off balance policies. Enzi introduced a bill that would address the problem of captive supply in the livestock industry. The bill would amend the Packers and Stockyards Act (PSA) to require packers to have a fixed base price in their contracts and to also put contracts up for bid in the open market. Enzi said this would prevent packers from manipulating the base price
Cattle Market & Farm Reports, Editorials
by WLJ
Apr 2, 2007
USDA report expected to show substantial increase in corn acres. Market direction will be influenced by USDA report and rising oil prices. With corn prices hovering around the $4 mark for the past six months or more, cattle feeders are anxiously awaiting this year’s first crop reports. The first indication of how farmers have responded to the market was set to be released last Friday. Until then, industry expectations and available data point to an increase in this year’s crop. Driven by ethanol production, corn usage has skyrocketed over the last two years and is expected to continue its rise as corn


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