The mid-year Cattle Inventory report confirms that herd building is taking place at a meteoric pace… relatively speaking. The total cattle and calf herd was up 2.2 percent as of July 1 compared to July 1 of 2014 with 98.4 million head.
“Seasonal lows are often scored during the second-half of July. Likewise, cash prices have scored their third quarter low during July in 10 of the previous 12 years. The hazard for this type of seasonal recovery to materialize this year is the lack of fed cattle marketings, which is creating a heavily.
Feedlot inventories as of July 1 in feedlots with 1,000-head or greater capacities stood at 10.24 million head, up 1.9 percent compared to July 1, 2014. This is mostly in line with the average pre-report industry projection of a 1.6 percent increase.
The most recent Cold Storage report shows a growing stock of all the major protein in U.S. warehouses. All told, stores of all meat (red meat and poultry) as of June 30 stood at 2.33 billion pounds, up 17 percent from the same time last year. Most of this increase came from increases in stored beef, though all the major proteins saw increases.
Cash cattle trade was slow to develop last week ahead of the release of the monthly Cattle on Feed and bi-annual Cattle Inventory reports. By close of trade on Thursday, over 20,000 head had been confirmed sold with prices ranging from $144-147 live (averaging in the low $145s) and $230-233 dressed (averaging in the upper $231s).
During the National Cattlemen’s Beef Association (NCBA) summer conference, held July 15-18 in Denver, CO, the ESA was a matter of considerable concern. The matter of reforming the ESA—or rather, “modernizing” it—was a focal point of the Property Rights and Environmental Management/Federal Lands Policy Committee.
The Environmental Protection Agency is waging a watery war on two fronts over its Waters of the U.S. rule. While over half the states in the nation and industry groups are suing the agency saying the rule goes too far, environmental groups are suing the agency claiming it doesn’t go far enough.
The most recent World Agricultural Supply and Demand Estimates (WASDE) report was a boon to corn farmers and likely left a bitter taste in the mouths of cattle and beef ranchers concerned with the trade situation; corn stocks are down, meaning prices are up, and the U.S.
Cash fed cattle trade was slow to develop last week. By Thursday’s close of trade, not even 2,400 head had been confirmed sold for the week. Analysts expected that general cash trade would be a couple dollars lower than the prior week’s $150 live and $238-242 dressed prices.
On July 9, the House of Representatives passed H.R. 2647, the “Resilient Federal Forests Act of 2015,” in a 262- 167 vote. The bill deals with matters of funding for forest fire fighting, environmental litigation, and reforestation among other things.
Last week was awash in downward markets and concerns of a financial nature. With international financial uncertainties in Asia and Greece, and seasonal beef demand less than what it should or could be, the cattle and beef world did not escape unscathed with futures and beef cutouts plunging.
The National Cattlemen’s Beef Association (NCBA) and the Public Lands Council (PLC) joined 12 other agricultural, building, and resource industry groups in filing a lawsuit over WOTUS. The suit names as defendants: the EPA; EPA Administrator Gina McCarthy; the.
For a short marketing week, there was no shortage of activity last week. Negotiated cash fed cattle trade got underway earlier than normal with packers trying to buy for a full production week while butted up to a holiday.
(WOTUS). The attorneys general of 13 states are attempting to sue the EPA over what they characterize as unlawful expansion of jurisdiction. They additionally call the WOTUS final draft “arbitrary, capricious, and abuse of discretion, and otherwise not in accordance with law.
For California, still suffering in its historic drought, it has meant an early and voracious start to its usual fire season. According to CalFire (the California Department of Forestry and Fire Protection), there have been 41 fires in the state since February of this year, burning a total of 49,696 acres as of publishing.
The cash fed cattle trade got underway last Thursday with almost 35,000 head confirmed sold on the negotiated market. Prices for live steers ranged from $147- 150—steady to lower compared to the prior week’s $149-150—and dressed steers were down $2-3 at $235-240.
The top cattle-feeding states were very mixed but mostly lower than the national average, meaning a lot of the year-to-year increase came from smaller cattle-feeding states. Both Colorado and Texas saw 2 percent declines in their on-feed populations at 890,000 and 2.
It might sound counterintuitive, but listing a species under the Endangered Species Act (ESA) is often bad for its health. While the threat of listing looms, stakeholders are motivated to work together to privately ensure the species’ future.
Packers held off buying cash fed cattle last week until the very end. By Thursday, barely more than 4,000 head had been confirmed sold for the week. Live heifers were listed as $150 and dressed steers were listed as $241-243, though the volumes were too light to make these numbers relevant.
On this Friday, 25 years ago, the northern spotted owl was listed under the Endangered Species Act (ESA). The bird itself has been hailed as an icon of environmental activism, but the impact of its listing has served as a dark omen to industries that depend on public land.