The impending implementation of the Affordable Care Act (ACA)— colloquially called “Obamacare” in many circles—has inspired many emotions, chief among them being distrust and concern, particularly among rural communities.
Last week’s short trade week saw surprisingly sluggish buying behavior from packers. Because of the July 4 holiday, markets—cash and futures alike—closed early on Wednesday and were closed Thursday, leaving only Monday through Wednesday and some of Friday for trading cattle.
Following recent congressional rumblings on the topic of antimicrobial use in food animals, U.S. Sen. Dianne Feinstein, D-CA, introduced the “Preventing Antibiotic Resistance Act of 2013” to the Senate on June 27. The bill—which lacked a number at the time of writing—is the Senate version of H.
In the last week of June, the Chicago Mercantile Exchange Group (CME) sent a letter to the U.S. Commodity Futures Trading Commission (CFTC) requesting permission to allow heavier cattle as deliverable on the CME live futures contracts.
The most recent Cattle on Feed report showed that cattle in feedlots of over 1,000 head capacity were down as of June 1, and placements into and marketings out of the same feedlots during the month of May were also down.
In its continuing effort to connect consumers to their farmers—and producers to helpful industry contacts—USDA’s “Know your farmer, Know your food” program has created a powerful online search tool called “Compass.
Light cash trade developed sporadically throughout last week with Iowa and Nebraska selling several hundred head on Tuesday and Wednesday at $120-122 live and $190-192 dressed with a few at $194 dressed going to a regional packer in Nebraska.
Western ranchers are no stranger to fire. The recent years-long drought in many states has made that an even closer relationship as massive wildfires devastate parched rangelands. But in Idaho, more and more ranchers are turning in their cowboy hats for firefighters’ helmets as this year’s fire season starts up.
Federal Judge Karen Schreier recently ruled that the defamation lawsuit brought against ABC News by Beef Products Inc. (BPI)—producer of lean finely textured beef (LFTB)—will return to South Dakota’s Union County Circuit Court.
Last week saw donut-like activity in the cash fed market. Light trade occurred on Monday and Tuesday in Iowa at $193.50-195 dressed and $122-124 live. This was called clean-up trade from the previous week by Troy Vetterkind of Vetterkind Cattle Brokerage.
Beef production estimates were increased by 330 million pounds (mp) to 25.52 billion pounds (bp) for 2013. Continued poor range conditions in key cattle states pushing relatively large placements of cattle into feedlots and continued high cow slaughter were credited by USDA as the motivation behind the estimate increase.
Monday, June 10, U.S. Rep. Blaine Luetkemeyer, R-MO, announced the U.S. Treasury inspector general for tax administration (TIG- TA) had agreed to review his request regarding IRS and HSUS. In late May, Luetke meyer sent letters to both the secretary of the U.
USDA’s Food Safety and Inspection Service (FSIS) recently announced a proposed labeling requirement for beef products. Addressing the recent concern over the increased potential for foodborne illness in “mechanically-tenderized” beef, FSIS’ proposal would require all such products to be clearly labeled and come with safe cooking instructions.
Monday, June 10, New Mexico Attorney General Gary King issued a legal analysis regarding the issue of horse slaughter. King said meat from U.S. horses treated with certain chemicals fits the legal definition of an adulterated food product under the New Mexico Food Act.
In addition to targeting certain groups for greater scrutiny, some have speculated the IRS was shielding other groups from investigation. In this case, the Humane Society of the United States (HSUS) and its questionable level of political involvement given its tax-exempt status seem to reside in the IRS’ blind spot.
The most obvious benefit of course is the added forage availability. Cattle that will only eat grasses are at a disadvantage compared to those which will also eat thistles, sages, knapweed and others. And if cattle can and will eat weeds, that removes the need to spray for or otherwise destroy them, which represents both time and money.
The cash markets were sluggish as packers are trying to hold onto their positive profit margins as cutout values have begun to move lower. By midweek, the asking prices were $126-128 live and $202-204 dressed, but packers were only bidding $122 live in the South Plains and $197 in Nebraska by Thursday morning.
Chief Judge Robert C. Jones of the Federal District Court of Nevada, who oversaw the case, held that while some trespass had occurred, U.S. Forest Service (USFS) and Bureau of Land Management (BLM) officials lacked evidence for many of their claims against the Nevada ranching family and were.
Rains are once again a mixed blessing in corn country. On the one hand, it is needed in many areas, and on the other, it continues to delay the remaining percentage points of corn plantings for this year. The slow progress has led to comparisons to 1993 and questions about whether this year has been the slowest year in recent memory.
Cash trade on live cattle kept analysts guessing throughout the week. At first, expectations were for a midweek startup, then after the futures’ bust on Wednesday, analysts were calling for a lateweek trade. All the while, the cash market failed to show the repeatedly record-setting cutout values.