The most recent World Agricultural Supply and Demand Estimates report showed an increase in many things. Beef production and availability was up. Soybean acres increased. Ending stocks of corn went up… again.
The cash fed cattle market developed reasonably early contrary to expectation. The majority of the purchasing occurred on Wednesday with clean-up trade on Thursday. The prices were mostly in line with expectations, at least at the beginning.
The EPA and the Department of Defense (DoD) announced mid- June that a long-running program, which made surplus military vehicles available to civilian organizations such as voluntary rural fire fighters, would end. The result would have cut off the availability of low- or no-cost equipment upon which rural and voluntary fire agencies depend.
The cash fed trade was slow to develop last week and that was certainly to the benefit of packers. A hard break in the live futures, larger show lists, along with longanticipated rumors of declining production to meet the incoming reduced beef demand...
Following last week’s coverage of the U.S. Fish and Wildlife Service (USFWS) redefining a key phrase in the Endangered Species Act (ESA) [“New interpretation of ESA phrase ruffles feathers,” pg. 7], it came to light that there were several other related areas being tweaked in the ESA, as well.
Cash fed trade developed early last week in a start and stop sort of fashion. About 1,500 head were confirmed sold on Monday at $152- 153 live in Kansas, then by Wednesday afternoon, over 3,500 head were sold in addition at prices ranging from $155-158 live and $245-246 dressed.
According to the original May documents on the increased inspection, as well as FSIS instructions for inspectors released mid-June, the data collected from the salmonella surveillance will “allow FSIS to gather baseline data to determine the...
At the end of June, the U.S. Fish and Wildlife Service (USFWS) released a final notice of interpretation regarding the phrase “significant portion of its range” in the Endangered Species Act (ESA). The interpretation is the result of a process that began back in 2011, and in its own words, it will be the final ruling on the matter and “legally binding.
Asking prices started the week slightly elevated from the prior week’s sales of $148-150 live and $234-238 dressed. However, after a strong rally—again—in the futures markets, asking prices jumped up a few more dollars. By Thursday morning, cattle feeders were asking $153-154 live and $240-242 dressed.
The IR details 56 specific permitting-exempt activities. The more overtly ranching-oriented exemptions on the list include: • Brush management; • Prescribed burning; • Fencing; • Firebreak; • Forage harvest management; • Prescribed grazing; • Grazing land mechanical treatment; and • Range planting.
The most recent Cold Storage report was released last week. It showed that stores of beef in all warehouses across the country are down considerably from the same time last year. As of May 31, there were 378.9 million pounds of beef in cold storage, representing 38.
Cattle on feed in feedlots of 1,000 head or greater capacity as of June 1 stood at 10.59 million, down 1.7 percent compared to June 1 of last year. As has been the case for the past several months, all of the major cattle-feeding states, save Nebraska, saw declines in their on-feed populations.
Sage-grouse and desert lizards aren’t the only creatures on the brink of listing that have inspired landowners to roll up their sleeves. In the Pacific Northwest, the threat of listing a small frog has locals putting their heads together to preserve private land rights and help the amphibian.
Earlier this month, I attended the annual Young Cattlemen’s Conference (YCC) as the lone media representative. It was an experience of a lifetime! Meeting young (or young at heart) producers from around the country and hearing about the pressing issues in their states was eyeopening, and simply meeting so many new people was a treat.
The markets were alive last week! Cash feeders were still shooting for the stars, feeder futures were bouncing off the walls, and—despite analysts’ predictions—the bulk of the cash fed trade was accomplished ahead of last Friday’s Cattle on Feed report.
During last week alone, the Center for Biologic Diversity (CBD)—just one of several groups that frequently employ the “sue and settle” tactic—announced six lawsuits and one legal petition against the U.S. Fish and Wildlife Service (USFWS), and one lawsuit against the Environmental Protection Agency.
Last week the USDA’s Animal and Plant Health Inspection Service (APHIS) announced they have conditionally licensed a vaccine against Porcine Epidemic Diarrhea virus (PEDv). The virus has run rampant through the nation’s hog herd and spread to other countries including Canada, Mexico and Columbia.
It seems there is a neverending flood of proposed government activities that seek public comment. And the tide is high for proposed changes to water regulations right now, so you have the opportunity to voice your opinion and perspectives on an issue near and dear to the heart of ranching.
The most recent World Agricultural Supply and Demand Estimates (WASDE) report was released last Wednesday. Though much of the grain-trading world was awaiting its release, the Crop Progress report had more interesting data than did WASDE. Projections of meat and poultry production show the effect of decreased supplies in beef, however.