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.
Last week saw one of the most spectacular falls in Chinese markets the world has been allowed to see. Last Monday alone, the Shanghai Stock Exchange Composite (SHCOMP) fell 8.5 percent, one of the largest single-day declines possible for the market. And this was only one day in a weekslong decline.
The cash fed cattle trade was sluggish at best with the leverage in the hands of the packers to buy cattle cheap. By Thursday, barely more than 8,500 head had been confirmed sold which was too slight a volume to set a trend. Live heifers traded between $140-145, but averages were on the lower end of the range, and dressed steers were going for $227.
“Extinction is an extreme prediction, considering that sage-grouse occupy 56 percent of their historic range in 11 states and two Canadian provinces, and although the number of sage-grouse is uncertain it was estimated to be 535,542 birds in 2010,” wrote Cronin in his article shared with WLJ.
Compared to the prior week, the cash fed cattle trade was rather lively in terms of pace if not price. The vast majority of trade was completed by Wednesday, and by Thursday over 94,000 head had been confirmed sold. Live cattle sold between $145-148 and dressed cattle sold between $231-233.
Thirteen states previously engaged in one of several lawsuits against the Environmental Protection Agency (EPA) over its Waters of the U.S. (WOTUS) rule filed a motion for preliminary injunction with Federal District Court Judge Ralph Erickson in Fargo, ND.
The cash fed trade trickled along last week with some pricesetting occurring as early as Wednesday at $153 live and $236- 238 dressed on just under 8,500 confirmed head. By close of trade Thursday, that number went to just under 9,500 head confirmed sold with dressed prices edging up to $240 on the high end.
The August installment of the World Agricultural Supply and Demand Estimates (WASDE) report showed expectations of reduced beef production, a continued beef trade deficit, and reduced annual prices for steers. On the corn front, the report predicts increased corn production and use.
The annual agricultural Land Values report was released at the beginning of August. The report showed a flat to slightly up trend across the three classes of land values surveyed; farm real estate, crop land, and pasture land.
The Government Accountability Office (GAO) released its most recent in a series of reports on the impacts of environmental litigation against federal agencies on August 4. The report found that the Department of Justice and the Environmental Protection Agency (EPA) collectively spent $65.
The most recent edition of the National Antimicrobial Resistance Monitoring System (NARMS) report was released last Tuesday. Among other things, the report showed that E. coli-positive samples of retail ground beef were down in 2013 (most recent data). The incidence of drug-resistant strains was also down.
The cash fed cattle market refused to develop last week with just over 2,600 head being confirmed sold by Thursday afternoon. Analysts expected that prices for the week would be steady to higher than the prior week’s $147-148 live and $232-235 dressed.
The Western Association of Fish and Wildlife Agencies (WAFWA)— a non-profit association of wildlife service members—has been working on a sage-grouse population in the West report. The report will be sent to the U.S. Fish and Wildlife Service later this week, but WAF- WA shared some preliminary data with media outlets, including WLJ,.
According to the CDFW announcement, area residents began reporting sightings of the animal earlier this year. Images were captured beginning in May through late July. Scat was collected from the area of the sightings, but “they yielded poor quality DNA and results were inconclusive.
Last Monday, Chief Judge B. Lynn Winmill of the U.S. District Court of Idaho ruled in favor of the animal rights group Animal Legal Defense Fund over a controversial state law. Winmill’s move effectively rules Idaho’s agricultural protection law— derisively called an “ag gag law”—is unconstitutional.
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.