The summer heat makes it hard to remember that the upcoming—impending?— November election is just around the corner. Congress is still at recess and the presidential nominees continue to lob insults at one another, but it is not too early to check in on state issues.
There was a bit of a lull in the markets last week, almost as though the relative revelry of the markets in the last few weeks took a slight breather to look around. Announced changes to the futures market and the anticipation of the August World Agricultural Supply and Demand Estimates report likely clouded the market’s upward momentum.
The study—led in part by Bridgett vonHoldt of Princeton University and Robert Wayne of University of California, Los Angeles—focused on the evolutionary and genetic background of wolves and coyotes in the U.S. and Canada. Researchers sequenced 28 different canine genomes looking at over 5.
By the close of trade last Thursday, over 14,000 head had been confirmed sold. This was somewhat light, but still likely sufficient to set the trend for the week. Live cattle traded at $118, above the prior week’s $114-117 range, and dressed cattle sold for $187-188, the upper end of the prior week’s dressed price range.
Last Monday, the USDA announced that Brazil had reopened its market to U.S. beef. Beef trade from the U.S. to Brazil was halted in 2003 following the U.S.’ first bovine spongiform encephalopathy (BSE) case. Also included—but downplayed—in the announcement was the detail that the U.
Did we hit bottom or not? That was the question hanging over most of the cattle and beef markets last week. The prior week saw some spectacularly bad prices for cash fed cattle, the beef cutout, and new lows in the cattle futures markets. Last week was the first opportunity the markets had to see if those lows were the lows of the season or not.
Last week saw the mess that was the second act on the summer’s presidential stage. The Democratic National Convention was held last week in Philadelphia, PA. The week before, the Republican National Convention was held in Cleveland, OH.
Last Wednesday, the U.S. Fish and Wildlife Service (USFWS) released its final prioritization methodology regarding listing petitions under the Endangered Species Act (ESA). The agency said it created the priority plan out of need; current and projected ESA-related workloads exceed resources.
In her “Plan for a Vibrant Rural America,” Clinton outlines goals to bolster the rural economy, including the creation of more Rural Business Investment Companies (RBICs) through the Farm Credit Administration and reducing regulations on rural banks..
Say what you like about third parties, but Donald Trump and Hillary Clinton are not the only options on the field. While the big names battle it out in a neck-and-neck race, Libertarian presidential candidate Gary Johnson, former Republican governor of New Mexico, is trailing along behind hoping to upset the status quo.
In his acceptance speech as well as his officially-stated standing on issues, Trump’s agriculturally-related positions center on the indirect issue of trade deals, taxation issues, and natural resource management.
Last Wednesday, the U.S. Fish and Wildlife Service (USFWS) issued a final rule vacating the listing of the lesser prairie-chicken as threatened under the Endangered Species Act (ESA). The rule was announced in the Federal Register and resulted from a court-ordered delisting following a lawsuit brought by numerous counties in New Mexico.
Just a couple days before Congress began its seven-week recess, Senators Mike Lee (R-UT) and Cory Booker (D-NJ) introduced a bill seeking to amend commodity checkoff programs. The bill seeks to prohibit what it and the senators describe as illegal use of checkoff funds.
The cash fed cattle market was, like most of the cattle and beef markets, depressed last week. As of Thursday afternoon, almost 22,000 head had been confirmed sold. Cattle traded for $116-118 live and roughly $186 dressed, a $4 decline in all ranges compared to cash cattle the week before.