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Cattle Market & Farm Reports, Editorials
by WLJ
Jul 10, 2006
— Chinese officials agree to boneless beef imports. The Chinese ministry of Agriculture said on June 29, it would begin conditional beef trade with the U.S. According to Chinese officials, boneless beef imports from cattle under 30 months of age will be allowed into the country. “The General Administration of Quality Supervision, Inspection and Quarantine will issue and implement the specific requirements for inspecting (U.S. beef) imports,” said a notice from the Agriculture Ministry.
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 10, 2006
The cattle industry is in a remarkable situation; beef demand this summer has been awesome. It would appear consumers want their beef and price hasn’t been much of an issue. High fuel costs, though, keep consumers away from the meat case because it’s disposable income that buys beef. Given choices, people want to eat beef. It’s really that simple. The cattle markets have been a nice surprise this summer. Roughly 90 days ago, all the market analysts were telling us we were going
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 10, 2006
The USDA’s June Acreage and Grain Stocks report gave a boost to the grain market last week. However, dry conditions in areas of the Corn belt, particularly the west and southern edges, are causing increased concern about this year’s crop yields. The total number of acres planted increased from the March planting intentions report. The number of acres planted is estimated at 79.4 million acres, approximately 3 percent more than indicated by the March report but below expectations. In total, this year’s planted
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 10, 2006
Fed cattle trade was at a standstill last Thursday with packers and feeders several dollars between asking and offer prices. Thursday afternoon, $5 split the two. Jim Gill at Texas Cattle Feeders Association said he didn’t expect trade to develop until late Friday. “We haven’t seen a trade one. People are going to be asking $85-86 and packers will be offering $81, is my guess. I think we stand a
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 10, 2006
— Environmental group stops Idaho grazing outfit. Ranchers and those who support grazing on public lands have recently lost another battle to the Western Watersheds Project and their executive director, Jon Marvel. In the middle of June, a federal judge ruled that sheep grazing in areas of the Sawtooth National Recreation Area (SNRA) in central Idaho be immediately stopped in order to protect streams containing federally protected fish. U.S. District Court Judge B. Lynn Winmill removed the
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 10, 2006
—New policies on beef for troops set. Members of the Idaho Cattle Association (ICA) met in Jackpot, NV, June 20-22 for the annual Mid Year Conference. Nearly 150 producers were in attendance as members heard the latest updates on policy priorities important to Idaho’s cattle industry, and those present set new policy positions in place to guide the association in the coming months. The conference was highlighted by the announcement of an Executive Order by Governor Jim
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 10, 2006
One of the most powerful weapons of the IRS is the hobby loss rule in which the IRS seeks to deny tax deductions to those who claim to be operating a business, but who in fact are carrying on a hobby. The hobby loss rule is a way of ascertaining your motive in conducting an activity that has the hallmarks of recreation or pleasure. There are many Tax Court cases that have considered the hobby loss rule in the context of farming activities.
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 10, 2006
Over 100 cowboys from across New Mexico converged on Silver City, NM, recently, despite drought and fire, for the New Mexico Cattle Growers’ Association (NMCGA) mid-year meeting. Caren Cowen, executive director for NMCGA, was pleased by the conference. “It was a good turn out in light of the drought and fires.” Cowen continued, “Policy issues discussed included a measured approach to death tax reform and capitol gains as well as the
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 10, 2006
— New rules make compliance easier, reduce costs. A new Environmental Protection Agency (EPA) rule which regulates concentrated animal feeding operations (CAFOs) is garnering support from several livestock and agriculture organizations. The proposed regulation, published in the June 30 Federal Register, makes several changes to portions of EPA’s National Pollutant Discharge Elimination System (NPDES) and Effluent Limitation Guidelines for CAFOs. The new rules come as a result of court ordered review of the regulations. Despite the alterations, there are still some issues with the new proposal.
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 10, 2006
— Ranchers face financial pressure as grasshoppers hatch. Across the country, cattle producers are worried about the drought, watching their sparse grass slowly wither and brown in the heat, yet another problem is already plaguing many, thousands of grasshoppers competing with cattle for the limited vegetation. “Drought conditions often lead to higher amounts of grasshoppers,” said Dr. Jack Campbell, entomologist at the University of Nebraska Lincoln, West Central Research and Extension Center. “Grasshoppers thrive on drought.”
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 3, 2006
  According to a release from the Canadian Food Inspection Agency (CFIA), Canada is opening its border to a broader range of animals and animal products from the U.S. which were suspended following the confirmation of bovine spongiform encephalopathy (BSE) in Washington state in 2003.   “Effective immediately, all classes of U.S. cattle, including those for breeding purposes born after 1999, are eligible for entry based on prescribed certification requirements. As well, beef from cattle over 30 months of age will also be eligible for importation under certain conditions,” the agency said in its release June
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 3, 2006
  Last minute buying by retailers to fill holiday needs and a very positive cattle on feed report boosted the market last week. Although fed cattle trade was slow to get started, as of Thursday, there was some trade in Nebraska at $131-132 dressed while most dressed offers were holding firm in a range of $131-135. In most of the northern tier, feedlot offers stood at $85-86 and in the southern Plains, feedlots were holding out at $86-$87. Expectations for the bulk of northern trade were $132-133 dressed and
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 3, 2006
  There’s no doubt about it, Coloradans love beef, and the responsibility for keeping beef at the forefront as one of the most delicious and nutritional foods anyone can eat has been the work of the Colorado Beef Council (CBC). Prior to his appointment as CBC executive secretary, Fred Lombardi spent 20 years in the food industry with Noble Food Services, which was purchased in 1981 by Sysco and then became Noble/Sysco. During the course of those 20 years, Lombardi worked his way up to become president and CEO of the company.   Lombardi’s tenure with CBC
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 3, 2006
  Last week I was invited to Camp Cooley Ranch in Franklin, TX, to speak to a young cattlemen group. They just had some rain in that part of the country and it was absolutely gorgeous.   Camp Cooley ranch is a unique operation that does demand a bit of attention. Last week they were attempting to do their part in developing the future of the beef industry and felt they needed to start with some of their young customers.   Klaus Birkel, the owner of Camp Cooley, is a fascinating individual. He’s from Germany, and inherited
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 3, 2006
  Earlier this month, 41 senators opposed a permanent estate tax repeal, preventing opponents of the commonly referred to death tax to garner enough votes to repeal the tax indefinitely. Now, the U.S. House of Representatives passed H.R. 5638, the Permanent Estate Tax Relief Act. The legislation, passed June 22, would go into place in five years. Taking effect in 2011, it would be exactly one year after the current tax relief package reduces the estate tax to zero. President Bush’s tax cuts reduced estate taxes through 2009, with elimination of the tax for one
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 3, 2006
Few cattle on feed reports have generated as much impact on the market or producer attitudes as the June 1 report issued by USDA. The report held much good news for both feedlots and cow/calf producers and showed the industry has been doing a good job moving through the heavy placements of cattle that have resulted from this year’s drought.   The number of cattle on feed as of June 1 was reportedly 4 percent above a year ago at 11.2 million head. That number is the second highest June 1 inventory
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 3, 2006
  Unpredictability has been the predominant market theme so far this year. In last month’s column, I noted the prospect of a resumption of beef export to South Korea. Alas, that blew up in our faces, mostly over the issue of USDA having “inspection sovereignty” over U.S. beef processing plants. The delay has made both USDA and the industry gun-shy about the agreement by Japan to accept our beef again until it actually arrives in Japan.   South Korea’s last-minute concerns are like the bride (or groom) who flees the church at the last moment. The behavior
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 3, 2006
  The feed ban established in 1997 specifically prohibits feeding cattle any ruminant remains in an effort to further safeguard livestock from being at risk for bovine spongiform encephalopathy (BSE). Science reveals the underlying cause of the brain wasting bovine disease to be from tainted feed containing bone and other matter from ruminant remains. Although the U.S. has been reportedly clear of such violations, recently a feed and fertilizer company recalled feed supplements from nine states that were found to be contaminated.   “This is very concerning to us. This isn’t something that happens to us.
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 3, 2006
  The World Trade Organization (WTO) is facing a significant hurdle in negotiations that could cause the talks to collapse without any agreement on cuts to agricultural subsidies, WTO Director-General Pascal Lamy said last week as trade representatives from the organization met in Geneva, Switzerland.   Trade ministers from more than four nations were scheduled to meet in Geneva from June 29 through July 2 in a bid to wrap up an agreement. Negotiating an acceptable preliminary accord is crucial during talks in Geneva in order to meet an end-of-July deadline for governments to submit their
Cattle Market & Farm Reports, Editorials
by WLJ
Jul 3, 2006
  June has been a very busy travel month for me, but the good part is I have been to some absolutely fun places and events. The last week of May, Pete and Rita Crow and Geri Lyn and I had our WLJ Montana Tour and it was a great time. We saw some stunningly beautiful country and some of the great ranches in southwest Montana. It was like old home week for me having grown up in Montana and gone to Montana State University. A lot of the country has changed and if you


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