Cattle markets have improved a bit over the past two weeks and some segments of the beef industry are moving along very well. The fall bull sales around the country have been stronger than many of us expected and
The big summer video sales are just about over and the yearling cattle fared pretty well up until the last few weeks. There were some good calf sales, but for most cow/calf operators, it was disappointing in relation to last year's prices. Now we're.
The new chair of the Senate Ag Committee, Blanche Lincoln, D-AR, looks like she might be a pretty reasonable person for agriculture. It will be interesting to see if she follows along with the plans of the former Senate Ag chairman, Tom Harkin, D-IA, and his sometimes wild ag agenda.
I’m sure at some point in time you’ve said the phrase “there ought to be a law.” Could be about anything, but sometimes you get so angry with something that you just blurt it out. I’m sure that after TIME published their diatribe against agriculture a few weeks ago, many in agriculture thought there ought to be a law about disguising opinions or fiction as news
The first time I spoke with Wesley Batista at JBS headquarters in Greeley, CO, he told me that they were contrarians and opportunistic. When everyone wants out of a business, they want in. His family showed those cards again last week, making a bid to buy Pilgrim’s Pride poultry
The market for yearling feeder cattle has stayed quite strong this summer and has appeared to trade without much of a freight basis. For example, 850-pound steers in Nevada are trading at or near the same price as they are in eastern Wyoming.
The Grain Inspection Packers and Stockyards Administration (GIPSA) is all of a sudden getting reacquainted with the cattle industry and has been very aggressive checking up on auction markets and cattle dealers. For many years, you could go on their Web.
JBS has been on a tear, growing their global red meat operation. Five years ago, this global powerhouse didnt exist; JBS was just another beef processor in Brazil. In three short years, they have invested over $3 billion in just the U.S. beef industry alone, purchasing Swift, Smithfield Beef and Five Rivers Cattle Feeding.
If you listen to USDA rant about cap and trade, you would think the program will be a big cash machine for agriculture. Last Wednesday, USDA Secretary Tom Vilsack, along with Environmental Protection Agency (EPA) boss Lisa Jackson, testified in a Senate Ag Committee hearing that cap and trade will be good for farmers in the near term and in the long term.
Just think about it, our new, very young presidential administration, with the aid of a House of Representatives that has burned out nearly all their brain cells and a Senate that can do pretty much whatever the leadership wants, is wreaking havoc on the American economy.
Boy, talk about market volatility. The corn acreage report came out last Tuesday. USDA said there were 2 million more acres planted than they originally thought and bam, July corn dropped 30 cents to $3.47. The same day, live cattle dropped $2.10. But the good news, for many of our readers,
As far as I can tell the debate over global warming was never finished. There still seems to be disagreement over whether or not its even a problem, but Congress is working on major legislation hoping to do something about it. For every scientist that endorses the concept of climate change there is one that disputes it.
As far as I can tell the debate over global warming was never finished. There still seems to be disagreement over whether or not it’s even a problem. But, Congress is working on major legislation hoping to do something about it. For every scientist that endorses the concept of climate change there is one that disputes it. The evidence used to justify climate change is equal to a nanosecond of geologic time.
There is a lot of legislation concerning agriculture circulating in Washington, D.C. I dont think I have ever seen so many issues that would have a direct effect on agriculture being worked on at one time: The Clean Water Restoration Act, which just passed out of the Senate committe on
Last week, the USDA supply demand report for grains suggested that the ethanol industry is estimated to consume another billion bushels, creating more pressure on the market and creating more pressure for cattle prices as well. In a report released last week by the Food Manufacturer Association and the National Turkey Federation, Implications for U.
This past week was a real lesson in the volatility of our cattle markets. Feeder cattle contracts took a beating, with the August contract taking nearly a $4 hit while chasing live cattle contracts down to new lows. I suppose there were some expectations that the mar.
Its time to start thinking about the summer cattle markets, or perhaps what to do this summer about the fall market, when most everyone delivers cattle. The big video sales are gearing up and well see what the first high-profile sale produces. These video sales seem to represent a peek into the fall calf and yearling markets.
Washington, D.C., is a busy place and the volume of legislation going through there is overwhelming. Too much for my liking. The irony is that most of it is overwhelmingly stupid. It’s no secret that we live in a global economy; that’s just the way it is. Passing free trade agreements is
Twenty-five years ago when the Beef Improvement Federation (BIF) only attracted about 60 folks, Expected Progeny Differences (EPDs) were the hot topic of the time. Two weeks ago, BIF held their annual meeting and gathered more than 450 people. This time, the major topics of concern were DNA and genome mapping.