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Daily News and Market Updates
Daily Market Update

FEEDER CATTLE MARKET UPDATE

In Oklahoma City, OK, this week feeder steers and heifers were called steady to $1 higher. Steer calves sold steady. Heifer calves sold steady to $3 higher. Demand was reportedly good for all classes of cattle on offer.

 

 
 
 
Daily News

JULY 1 CATTLE INVENTORY DOWN 1.4 PERCENT

All cattle and calves in the United States as of July 1, 2010, totaled 100.8 million head, 1 percent below the 102.0 million on July 1, 2009. All cows and heifers that have calved, at 40.8 million, were down 1 percent from July 1, 2009.

 

 
 
 
Daily News

CATTLE ON FEED NUMBERS UP 3 PERCENT

Placements jump

Cattle and calves on feed for slaughter market in the United States for feedlots with capacity of 1,000 or more head totaled 10.1 million head on July 1, 2010. The inventory was 3 percent above July 1, 2009. The inventory included 6.25 million steers and steer calves, up 4 percent from the previous year.

 

 
 
 
Daily News

USDA EXTENDS COMMENT PERIOD ON NEW GIPSA REGS

USDA has responded to calls from Congress, the National Cattlemen’s Beef Association (NCBA) and other leading agriculture organizations to extend the comment period to the Grain Inspection, Packers and Stockyards Administration’s (GIPSA) proposed rule on livestock marketing.

 

 
 
 
Daily Market Update

DAILY FED CATTLE MARKET UPDATE

Thursday fed cattle trade in the Texas Panhandle was limited on light demand. Compared to last week, a few early live sales have sold $2 lower at $93. In Kansas and the Northern Plains trading has been slow to moderate on light to moderate demand. In Kansas, compared to last week, live sales have sold $2-2.50 lower from $92.50-93 and dressed sales have sold $3 lower at $148.

 

 
 
 
 
 
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News from the current issue of WLJ
News

El Paso Corp. pays off environmental groups

El Paso Corporation, parent company of Ruby Pipeline LLC, has struck an agreement with Western Watersheds Project and the Oregon Natural Desert Association to donate approximately $22 million over the next 10 years for conservation and grazing permit buy-outs in exchange for

 

 
 
 
News

Congress revives Beef Caucus meetings

Idaho Republican Rep. Mike Simpson expects the recently revived U.S. House Beef Caucus to meet soon in Washington after a lapse into dormancy. Elevating awareness of issues that impact the beef, cattle and ranching industry will top the 25-member caucus’ agenda.

 

 
 
 
News

Report finds NCBA not in compliance with checkoff firewalls

Last week, an audit of National Cattlemen’s Beef Association’s (NCBA) beef checkoff contracting activities turned up several questions about how the organization was spending checkoff dollars. In some cases, the audit questioned record-keeping or time reporting for its employees who devote

 

 
 
 
Comments

Effective?

Has the beef checkoff been effective? That should be the question being asked by the Federation of State Beef Councils (Federation), the Cattlemen’s Beef Board (CBB), the National Cattlemen’s Beef Association (NCBA), and all other groups that have a stake in the program. The beef checkoff is

 

 
 
 
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