In late October, the bill—HR 992 Swaps Regulatory Improvement Act— passed the House in a 292 to 122 vote. “Yes” votes came from 222 Republicans and 70 Democrats, while “no” votes were almost entirely from Democrats, with three Republicans joining. Sixteen representatives didn’t vote.
Cash fed cattle trade again returned to the “leave it ‘til Friday” approach last week. Analyst expectations were mixed on if the week’s trade would be steady/higher, steady/lower, or just plain steady.
After more than two weeks delayed, the September/October Cattle on Feed (COF) report was released to little fanfare. The results were called neutral though analysts predict it bodes well—or badly, depending on your perspective—for months to come. Tight supplies of cattle are coming.
Minimal sales occurred through Thursday last week. By Wednesday, live trade had developed at $132 in Nebraska and $132-133 in the Corn Belt. Iowa saw $209 dressed trade. All of it was too light for a trend, but analysts expected trade to remain steady to slightly up from those numbers.
“Bullying” is the current watchword in schools and its demise is the motivator of a good many afterschool specials. But it isn’t limited to the academic halls of childhood. Sadly for the ranchers who face threats from representatives of federal agencies and the hundreds of thousands of dollars in litigation.
The FDA released a proposed rule to regulate pet food and animal feed production last Tuesday. Though the proposed rule largely focuses on pet food and preventing foodborne illnesses in American pets, it has the potential to impact some elements of the livestock feed supply chain.
There’s a war of scientific words going on about agriculture. Unfortunately, you are likely to hear just one side on the evening news or online. And that side is the one trumpeting the message that you—the food animal producer— are wrong and risking the health of humanity.
“It was a fast track in the country with South Plains trade at $132-133 while the Corn Belt traded at $132-134 live and a full range of $206-210 on a dressed basis,” reported Andrew Gottschalk of Hedgers Edge Thursday, noting that the bulk of the Corn Belt dressed trade was in the $208-209 area.
The Food Safety and Inspection Service (FSIS) announced last Wednesday the release of a new guidance on humane handling for livestock at slaughter. The guidance supports the Humane Methods of Slaughter Act portion of U.S. Code. However, FSIS notes that half of livestock slaughter plants already meet the recommendations set forth in the guidance.
On the 10th anniversary of the launch of the Meatless Monday campaign, the Alliance for Animal Agriculture (AAA) released a rather damning report. According to their private review over the years, the Meatless Monday campaign has been inflating the number of participants, sometimes more than double reality.