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.
The report was produced by the ususal universities with a cast that most everyone in the cattle and beef industry is familiar with. The report was funded by USDA. The report suggests that if beef producers do not adopt a full traceability system with at least a 90 percent compliance rate, we could lose $13.
Last week, the boxed beef cutout rallied around $10 from the previous week based on lower processing numbers. Cattle sold at $86 two weeks ago and moved up to $89- 90 on the cash market last week, which should put some profit back in the picture for both cattle feeders and packers.
Cattle markets are moving a little better; fed cattle trade was up to $85 last week and feeder cattle are a bit stronger. Grass fever should be adding a few bucks to the calf market soon, if it isnt already in some areas. With the summer high-demand grilling season around the corner, it will be interesting how consumers respond to beef prices.
What has the Cattlemen's Beef Board (CBB) done for you lately? As much as they possibly can, would be the answer. With cattle prices trading on the low end of the modern trading spectrum, it's assuring to know that CBB is still keeping beef in front of consumers.
There is only one way to phrase the nature of the congressional aggression over the AIG bonus situation last week: ?out of control.? The House of Representatives voted to pass a targeted tax on AIG employees who received bonuses. But it didn?t appear that the Senate wanted anything to do with the issue.