Last week was the final week retail buyers could fill grocery store coolers with beef ahead of the Memorial Day holiday. That longawaited beef procurement finally came in the 11th hour, bringing up several portions of the cattle and beef market complex.
Congratulations are due; a new agreement between landowners and a branch of state government was born! And while some alliances between landowners and government are tenuous at best, this agreement and its predecessors are examples of true cooperation for the betterment of the land, landowner and state alike.
The most recent Cattle on Feed report came with only a slight surprise; placements were down more than expected. But they were still down, and no one should be surprised by that. The report has been called bullish for the lower-than-expected placements.
Cash fed trade was sluggish last week ahead of the release of the most recent Cattle on Feed report, but by Thursday afternoon, almost 24,000 head had been confirmed sold. Live cattle were trading $144- 147 with averages at $146.09 and $232-236 dressed, averaging $234.
Last week’s release of the most recent World Agricultural Supply and Demand Estimates (WASDE) report was the first of the year to include predictions of the 2015 production rates. The upcoming year is expected to be one of decreasing beef production, but increased production of pork, chicken, corn and soybeans.
The Mile High City of Denver, CO, is many things to many people, but for the world of western shows, it is the site of the “Super Bowl.” The National Western Stock Show (NWSS) is a tradition stretching back to 1906, but speculation on venue changes is a similarly long-running tradition.
included a three-elk lethal control option for landowners via permit between May 1-May 15, a time considered high risk for the spread of brucellosis from elk to cattle. The plan also includes a limited and in some places temporary fencing detail aimed at keeping elk out of private cattle pastures.
The USDA’s Natural Resources Conservation Service (NRCS) recently announced it will make $4.5 million available this year to assist agricultural producers seeking to make water conservation efforts. This is the first year’s allocation of $11 million, which will be made available for that purpose over the next five years.
“The latter situation will lead to a market, which should have short lived rallies as the trend into the summer is down. The most likely timing of a summer low is the late July/early August period. We would expect a minimum type price break of 8-10 percent from.
Walmart executives used the event to talk about how to “rewire the system” in ways that would have a significant impact on improving the environment. That entailed touting various collaborative efforts to improve efficiency and reduce waste throughout the supply chain for Walmart stores.