ThUnited Nations (UN) Food and Agriculture Organization (FAO) issued a report suggesting that meat consumption is expected to increase 73 percent by 2050, just 38 years away. I guess we better get busy building our cow herds; if those numbers are right, weve.
It looks like we may have popped the holiday beef bubble this last week. Cattle markets were roaring hot two weeks ago when fed cattle traded as high as $128 live and $208 dressed. Now, the buying interest is about $3-5 lower for last week. Cattle feeders certainly had to do well on those transactions.
There are lots of options in today’s meat-consuming world and Whole Foods has worked hard to provide unique meat products for their customers. The store is very proud of their products, but not everyone can afford to shop there. They have just over 300 stores nationwide and have obviously done their demographic homework.
The cattle industry has been wasting a lot of time, cash and political resources on several industry issues that are just unnecessary. I would hate to think just how many resources have been spent by the various Ag associations battling over the proposed Grain Inspection, Packers.
The beef cutout has been awful strong for quite some time and these markets just seem to get a little higher all the time. Who would have ever thought that the cattle industry would be selling fed steers and heifers for $125 and having a hard time making it work?.
GIPSA will still have to craft rules regarding the definitions of unfair practices, undue preference and unlawful discrimination to satisfy the farm bill language. This will come at a later date. If that portion of the farm bill language isn’t satisfied, US- DA could be open to lawsuits from activist groups.
This Choice/Select spread has been an interesting market segment to watch the past few weeks. For quite some time, the value difference between Choice and Select cattle wasn’t much of an issue, it seemed like $2-5was the norm, with an occasional spike over $10.
EPA was contemplating doubling the standards for dust and particulate matter in ambient air under the Clean Air Act. If they pushed forward with their new standards for dust levels, it would have been problematic for nearly everyone connected to agriculture and anyone who kicked up some dust driving down a dirt road.
Along with the great sales, it finally rained through much of the state, with many areas receiving several inches of much needed moisture. The country started to show some signs of life and was starting to get a hint of green just over the few days I was there.
One thing that opponents of the bills perhaps don't understand is that all three of those countries already trade with the U.S. on a mostly tariff free basis. While we've been waiting for Obama to get his political house in order, many of our competitors have been hatching their own free trade agreements with these countries.
Looking through the very first issue, I noticed an interesting comment on the first page. Jon Knorpp, president of Southwest State Bank, said, "Meat has long been one of our most substantial food products, yet until recent years, little concerted...
Congress typically pays little attention to agriculture but appears to all of a sudden be concerned over agriculture production after they reviewed USDA's World Agriculture Supply Demand Estimates (WASDE). The House Ag Sub-committee on Livestock, Dairy and Poultry held a hearing to discuss CROW.
Labor Day also signals the end of the summer and is the last big back yard grilling weekend. Reports suggest that beef sales over the holiday weekend were lighter than many market analysts had hoped. However, post Labor Day cattle markets appear to be stronger.
It's time somebody gets a handle on the Environmental Protection Agency (EPA) and reins in this outfit. This is one of those government agencies that started with good intentions and has done a good service for the most part. However, over the past few years, CROW.
Many cattlemen in the southern Plains and south have been forced to sell deep into their cow herds, knowing that restocking in the future will come at a much higher price level. Many have scoured the country for pasture, trying to keep their valuable cow herds intact regardless of trucking costs.
Any proposed National Animal Identification System has been a contentious issue in the past. Now it looks as if it is going to be a condition of trade soon. Last week, USDA’s Animal Plant Health Inspection Service kicked out its proposed rule for Animal Disease Traceability, or what some might call mandatory animal identification. This time the
With the former CBB leadership gone, it appears that all the drama is gone with them, which has changed the complexion of the entire episode. However, I would be certain that some activist cattlemen’s groups will continue to fan the flame in an effort to harm NCBA’s policy efforts.
It has been a mixed bag in the cattle markets this past week. Superior Livestock Auction’s big Video Royale Sale in Winnemucca, NV, produced some excellent prices for all classes of cattle. Five- to six-weight calves for fall delivery were trading well into the $150-plus range and yearlings for immediate
When it comes to foreign trade, agriculture is the bright spot, and the only business segment that has positive trade balance is agriculture. There is no question that there is a hungry world out there and they are becoming wealthier and eating better. Last year, agriculture had a