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Tuesday, August 26,2014

AFTERNOON MARKET UPDATE; Aug. 26

by DTN
The cash cattle market didn't have much of a pulse Tuesday with potential bids and asking prices little more than loose talk. We think some showlists were priced around $155 in the South and $245-$248 in the North.

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Friday, August 22,2014

Guest Opinion

The expanding universe of livestock

by DTN
Sometime in the late 1920s, after countless nights of craning his neck through the nooks and crannies of the Milky Way, Edward Hubble concluded that the universe was indeed still expanding in the wake of the Big Bang, that first true spark of herd building launched 13.

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Friday, August 22,2014

IRS scrutinizes hedgers

by DTN
The tax law defines a hedge as a transaction in the normal course of business to minimize the risk of price change with respect to inventory or supplies. This requires a producer to have a hedging position that’s opposite the physical position on the farm and within normal production ranges.

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Friday, August 22,2014

Prevented planting acres decline

by DTN
“The temptation here is to subtract FSA’s prevent planted acres from USDA’s planting estimates, but later [World Agricultural Supply and Demand Estimates] reports don’t always turn out that way,” Hultman said.

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Friday, August 22,2014

BBQ beef starts to sizzle in Japan

by DTN
Japan banned beef from the U.S. and Canada in 2003 because of BSE. The beef came back in 2006, albeit limited to meat taken from cattle aged up to 20 months as an anti-BSE measure. Certain “specified risk materials” (SRMs) with high risk of carrying BSE were also forbidden.

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Friday, August 15,2014

Amid diverse opinions, Beef Checkoff rift continues

by DTN
R-CALF USA, which is not a member of the group, issued a warning that other farm groups plan to agree by next Friday to a proposal it considers “smoke and mirrors,” while some participants in the group said no agreement would be announced until this fall or winter, if ever.

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Friday, August 8,2014

Can I gift livestock to a charity?

by DTN
The manner in which you described the action of your friends would not pass muster with the IRS as a charitable gift of unsold property.

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Friday, July 25,2014

Senators meet with McCarthy

by DTN
Republican members of the Senate Agriculture Committee finally got their meeting with Environmental Protection Agency Administrator Gina McCarthy last Tuesday and urged her to withdraw the Waters of the U.S. (WOTUS) rule, but a McCarthy spokeswoman said issues with the rule can be handled in the agency’s comment process.

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Friday, July 25,2014

South Korea buying U.S. feed

by DTN
Corn importers don’t have to look far for supplies, either. With China’s hesitance to take U.S. corn, due to that country’s failure to approve corn with the MIR162, South Korea is enjoying the availability of Asia-bound freighters and lower prices. Imports of dried distillers grains with solubles (DDGS) also are doubling.

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Friday, July 11,2014

Can charity make retirement tax-free?

by DTN
What are your thoughts about a charitable remainder trust in this instance? The couple could create a lifetime income stream and use the deduction to offset that income. Perhaps they could also set up a wealth replacement trust (life insurance) to benefit the children if they have concerns about leaving those sale proceeds.

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