In last week’s coverage of Rep. Greg Walden’s (R-OR2) draft bill to legislate the Klamath Basin Restoration Agreement (KBRA) and the Upper Klamath Basin Comprehensive Agreement (UK- BCA), the issue of dam removal came up.
It might be time to start praying for that Christmas miracle in the markets this year, because things are ugly and just keep getting worse. Cash cattle and feeders were down, futures for both live and feeders were down, and wholesale meat prices were the relative bright star at a weak steady.
in the Klamath Basin of Oregon are at stake as the year counts down to Dec. 31. A pair of hard-won agreements regarding water usage in the area between local tribes, irrigators, and other stakeholders will effectively expire if Congress does not act.
Cash cattle trade got underway early, though at disappointing prices, last week. By Thursday, over 80,000 head had been confirmed sold at $122-125 live and $189-198 dressed; these prices being at the low end of the priorweek’s range for live, and being both below and above the prior week’s range for dressed.
Proposed reform bill allocates more money for states Federal ownership of land is nothing new to the West. Across the nation, federal agencies own more than one out of every four acres. In states like Nevada and Utah, that number is more like four out of every five.
Last week was something of a breath-catching week for the cattle markets after weeks of extensive volatility. But the holidayshortened week played some mischief with the markets as short weeks often do. Despite having a shortened kill week, packers were buying for a full production week for this week.
Last week saw the release of three beef-relevant market reports. While the Cattle on Feed report was almost ironically neutral considering the recent weeks of extreme volatility in the cattle and beef market, the Livestock Slaughter and Cold Storage reports continue to show the impacts of the market.
In the afternoon of Thursday, Nov. 19, the U.S. Food and Drug Administration (FDA) announced it had granted approval for the first genetically-modified animal for human consumption, the AquAdvantage salmon. The move was a milestone in the history of genetic modification (GM) technology, and was almost two decades in the making.
“Support exists at the recent cash low, $120-122,” declared Andrew Gottschalk of Hedgers’ Edge. “Seasonally, cash prices tend to grind higher into late November, reflecting a final push for holiday product pricing and a modest decline in fed cattle supplies.
Robb identified a number of factors that combined to help create the current situation: •Cyclical movement downward in prices; •The impact of delayed marketings and heavier cattle; •U.S. economy relative to outside economies; and •Outside economies’ impact on beef trade with the U.
“Gentlemen, how many of you would be comfortable having your testicles removed
without any pain mitigation?” There were some uncomfortable chuckles and
crossed legs among the mostly male audience of the 24th Range Beef Cow
Symposium last week in Loveland, CO.
…Or hopefully not. Last week saw a continuation of the prior week’s painful volatility in the futures markets even though the net change to the nearterm futures prices didn’t hint at the neck-snapping price swings. Over the course of last week (Friday, Nov.
“It’s not an acute thing with copper—in other words, they’re not going to ingest a bunch of copper and die, that’s not how it works—but copper accumulates in the liver. During a high stress situation, that copper is released or metabolized and that’s what causes copper toxicity.
When most people think of nutritional deficiencies in terms of vitamins and minerals, the focus is on the range. What are cows and calves getting—or not— from their forage? But it would do a cow/calf operator well to consider the impact of nutritional deficiencies at the feedlot.
At the beginning of the month, President Barack Obama issued a Presidential Memorandum to the secretaries of several federal agencies. The memorandum directed the agencies to pursue a “net benefit goal,” or at least a “no net loss goal,” in their management of federal lands.
While the U.S. is the top dog in terms of production of quality beef, it is also an attractive destination for international beef trade. The U.S. cattle and beef industry may be eyeing Brazil and Argentina with the concern as competitors on the international market; those countries are eyeing the U.
Andrew Gottschalk of Hedgers’ Edge blamed the week’s lowered cash tone on the steep losses in the futures market, and it was not hard to see why. Over the course of the week, the December contract lost $7.33 to settle Thursday at $134.40. The February contract got off relatively easy, losing only $6.
Last week, the unheard of happened; southern California got rain. Hail, heavy rain and snow in the higher elevations resulted in flooding in some areas, but it was precipitation in the parched state. Despite this wet interlude, California’s intense drought continues.
The cash fed cattle trade started up quickly last week, with over 54,000 head being confirmed sold by Wednesday. By Thursday afternoon, that number had grown to almost 65,000 head. Live cattle traded at $134-139, a wider range than seen the prior week, and $208-210 dressed, steady with the prior week.