Last Tuesday, via the Federal Register, the Bureau of Land Management (BLM) publicly released its rationales for rejecting recommendations made by state governors affected by its greater sage-grouse landuse plan amendments.
According to the USDA Agricultural Land Values report, average farm and ranch real estate, which includes both land and structures, in the Intermountain Region rose 2.8 percent from August 2014 to August 2015. This increase was slightly higher than the whole -See Real estate on page 17.
As quickly as it fell, things popped back up last week. Near-term futures contracts gained back almost all of their losses seen the week before and even cash cattle showed some upward movement following a headlong rush to the bottom.
The air in the mountains is crisp and clean and oh so thin. When it comes to ranching at elevation, this latter detail can be a major problem. Poorly-adapted cattle can and do die of “brisket disease” when living at high elevations. But a bit of selection and management effort can sidestep a lot of the risk.
“Fed cattle prices continued their collapse as producers try to alleviate their backlog,” announced Andrew Gottschalk of Hedger’s Edge last week. He additionally said there was little point in rehashing the prior week’s cash fed prices as they were “clearly imprinted in everyone’s mind.
Last Tuesday, the New Mexico Department of Game and Fish (NMDGF) voted unanimously to deny release permits to the U.S. Fish and Wildlife Service (USFWS). The USFWS has been in a year-long battle with the state to release a dozen new captive-born Mexican wolves into the state.
It was yet another week of market mayhem last week. Cash cattle, live futures, wholesale beef, cash feeders, and feeder futures… all down. The whole supply chain is correcting the issue of too many cattle that are too big producing too much meat to fit current demand.
Analysts are not entirely sure what to call the most recent Cattle on Feed report. Was it bullish? Bearish? Neither? The best description was likely “more-of-the-same and one surprise” and that surprise was lower than expected placements. Whether that is good or bad for the market depends on your perspective.
At a media workshop hosted by the National Cattlemen’s Beef Association (NCBA), members of the agricultural media were brought up to date on a host of scientific findings regarding the value of beef and protein in American diets. Four different individuals—from registered dieticians to academic researchers—presented some of.
Last week, a coalition of 175 environmental and wildlife groups sent a letter to the director of the U.S. Fish and Wildlife Service (USFWS) and the administrator of the National Oceanic and Atmospheric Administration (NOAA).
As per the Uruguay Round Agreement on Agriculture of 1995 and the Australia/U.S. Free Trade Agreement of 2005, Australia has a tariff-free beef export quota of 418,214 tonnes shipped weight (461,002 short tons or 922 million pounds). This quota is generally distributed on a first-come, first served.
Things were ugly last week. Very, very ugly. The cash cattle trade wrapped up Thursday with over 71,000 head confirmed sold for the week at $131-135 live and $212-216 dressed. For both live and dressed, they took the bottom end of the prior week’s range and made it the top of last week’s, dropping the low end down $4-5.
As of printing last week, almost 145,000 acres had burned between the Valley and Butte Fires in northern California, consuming over 1,000 buildings and ending seven lives. But when it came to impact on ranchers and livestock in the area, no one really knows.
Fall is just around the corner and there’s still some 2015 left to go, but it’s never too early to dust off the economic crystal balls. Considering the way the market has behaved this and last year, cow/ calf producers and cattle feeders need to consider what 2016 has in store for feeder cattle.
The cash fed trade was reluctant to stir last week, but by last Thursday it had been coerced to complete something like a third of the week’s total trade if past weeks are any indication. About 14,000 head had been confirmed sold for the week, most of them on Thursday, at $139-142 live and $218-222 dressed.
The cattle and beef industry is hugely segmented compared to other proteins, yet the economic ties that bind those segments are strong. However, relative to the perspective of the cattle producer, the most powerful of those economic ties comes at the end of the chain.
At the recent annual meeting of Ranchers-Cattlemen Action Legal Fund (R-
CALF) in Denver, Mike Calicrate of Ranch Foods Direct and Calicrate
Banders described his mobile slaughter unit to the crowd. Along with
being an efficient use of resources, he described it as an opportunity
for ranchers to break away from larger fixed-facility processing plants
and really find out what value the market places on beef.
The cash fed cattle market was mostly completed by Thursday last week with almost 46,000 head confirmed sold. Live cattle were trading for $140-142 live with averages trending in the low end of the range and dressed cattle were a solid $222 dressed. This was $4-7 lower live and down $11-12 for dressed compared to the prior week’s sales.
On Aug. 27, several law offices— including Budd-Falen Law Offices and the Pacific Legal Foundation—filed suit against the Environmental Protection Agency (EPA) representing Wyoming rancher Andy Johnson.
The results of the August Cattle on Feed report were not particularly unexpected. The reality matched almost perfectly with pre-report analyst estimates. For example, at 10 million head in feedlots with 1,000-head or greater capacities as of Aug. 1, the most recent on-feed population was up 2.