The topic of genetically modified organisms (GMOs) is a sure thing for a media frenzy. The American public just can’t agree and argues viciously over the topic with passion usually reserved for religious conviction. But forget the GMOs themselves, what people think about them has been in the spotlight lately.
When it comes to disputes of a factual nature, the referee comes wearing solid white rather than zebra stripes. But problems arise when two lab-coated refs show up claiming to have seen vastly different plays, and arguments over whose science is best are never pretty.
Cash fed cattle trade was slow to develop last week, but by Thursday afternoon a light trade had taken place at $150 live and $240 dressed. These prices were mostly seen in the Texas Panhandle and Kansas. Comparatively, the prior week had seen prices at $148- 148.
When a big player like Mc- Donald’s says they want something, the response needs to be a big one. So when offering a definition of sustainable beef, one international organization gave a global answer. The definition isn’t new, but the approach might be.
Things slowed down in the cash fed cattle markets last week. By Thursday afternoon, barely 3,000 head had been confirmed sold. Though the volumes were too low to name it the price for the week, the steers that sold graded 80 percent Choice or greater and went for $148 live.
According to the Rolling Stones’ popular song, “You can’t always get what you want, but if you try, sometimes you get what you need.” That wisdom permeates the most recent agreement on the Klamath Basin water war, which may prove to be the final word in this decadeslong conflict.
Despite the perceptions of the mainstream population, those in agriculture are a technologically advanced lot. Cutting-edge? Try bleeding edge. Technological advancement and adoption of the most recent science—particularly in the pursuit of the best genetics—is par for the course on many ranching operations.
Beef production estimates rose in the most recent WASDE compared to prior estimates, up almost 200 million pounds (mp) for a total of 24.62 billion pounds (bp). This came as a result of the higher-thanexpected placement trend seen so far this quarter compared to the first quarter in 2013.
“Effective with the August 2015 delivery month, the amendments will allow heifers to be deliverable against the Live Cattle Futures contract but be subject to additional eligibility requirements,” noted the CME announcement of the decision. The additional restrictions are as follows:.
Cash fed cattle prices drifted lower last week as the live cattle futures took a nose-dive and packers seized on the opportunity to buy cattle cheaper. Compared to the $150-152 live and $240 dressed prices seen in the previous week, last week saw the bulk of trade happen at $150 live and $237-240 dressed.