These cattle markets continue to amaze me. The cattle futures took a dump last Thursday with nearly all feeder cattle contracts down the $3 limit in early trading. The live cattle contract wasn’t hit as hard, but suffered.
Cattle markets took a little breather just after the 4th of July holiday, dropping a few bucks on fed cattle, but came roaring back, appearing ready to break some new records and did, reaching $162-163 live. I know that everyone selling cattle right now is star struck CROW.
The cattle markets have gone wild; last week cash fed cattle were trading at $158 just before the 4th of July. The major retailers were offering bone-in New York strips for $5.99 over the weekend, which should have stimulated beef sales. However, market analysts were reporting CROW.
Last week, Northern Video sold a set of all natural steers from the Greet Ranch in Ten Sleep, WY, for $236 cwt. Those cattle may break even in the $160s when they go to market. It seems like cattle feeders have thrown caution to the wind buying replacement feeder cattle.
The Center for Biological Diversity (CBD) was back at it last week filing numerous endangered species suits claiming the U.S. Fish and Wildlife Service (FWS) has not adequately protected several species. CBD is a radical environmental group that makes their living suing the federal government.
Grazing opportunities in the West are constantly going underutilized. Wild fire prevention has become a huge issue and the agencies responsible for fighting wildfires are taking money from Peter to pay Paul. Taking money from rang e improvement and forest management programs has actually CROW.
Feeder cattle markets continue to move higher with a major record high set last week. October feeder cattle futures broke $2 in overnight trade last Wednesday. Good rains have come over the past couple weeks in areas of the Southwest, causing a case of grass fever which has encouraged cattlemen to bid on light calves.
Widespread rains over the Memorial Day weekend may have curtailed holiday activities but were enthusiastically welcomed by cattle producers in the Southern Plains. Much of the worst drought areas in eastern New Mexico, western Texas and western Oklahoma received rainfall that was very timely for forage production.
The last news we received on the Battle Mountain, NV, story was that the ranchers were able to turn out their cattle for two weeks on their BLM allotment, while the agency determined if they could stay out longer, and the “grass ride” made it to Carson City to deliver a petition to the governor to CROW.
Good spring rains have fallen in many areas of the West, which is a sigh of relief for most ranchers in the region. Still, in many areas, rain is the exception rather than the rule. Drought in the West persists while grass and fuel loads are high and fire dangers remain high, especially in the far West and West Coast.
There are a lot of issues occurring that could have a profound effect on public land ranching. At this point, I would have to say the Endangered Species Act is the one that needs the most attention, and soon. As an industry, we have a lot on the table that we need to pay close attention to right now.
Global warming was the big national topic last week when President Obama came out with the third national assessment on climate change in the U.S. This was a collective effort of a group of 13 federal agencies called the “U.S. Global Change Research Program.
Cattle markets remain strong with Mother’s Day and Memorial Day just around the corner. You can see packers gearing up to get more beef on the market. Cash fed cattle were trading at $148 last week and the beef cutout value is showing stability in the $130.
Environmental groups have been active in guiding public policy on federal lands and working through the federal government to create policy that is not allowing resource users to gain full value from federal land use.
Cliven Bundy finally made the national news with his personal range war and staring down the Bureau of Land Management (BLM). This story has been going on for years, but it certainly reached a critical point last week when the BLM decided it was time to gather his cattle.
Cattle markets continue to move higher, and I know that you all are wondering just how high it can go. Right now there is great demand for feeder cattle of all grades as short supplies have cattle feeders scrambling to replace inventories.
I just can’t seem to get California’s Proposition 2 egg law off my mind this week. In 2008, California voters passed a measure on the general ballot to ban the use of battery cages for egg laying hens; it was inhumane to put those birds in those small cages.
We all love to see wildlife, unless it’s in the grill of our vehicles. A good healthy wildlife population means that we have a solid ecosystem at work. Conservation efforts in most regions of the country have been highly successful, restoring populations of many CROW.