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Friday, January 9,2015

More (dairy) beef in the potato state

by Kerry Halladay, Editor
J.R. Simplot, together with Texas-based Caviness Beef Packers, announced last week that they will be building a new beef processing plant near Kuna, ID. The projected 300,000 square foot facility is expected to begin operations in fall of 2016, assuming no permitting setbacks.

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Friday, January 2,2015

Looking forward: Rain for the dry Southwest

by Kerry Halladay, Editor
According to the National Oceanic and Atmospheric Administration’s (NOAA’s) long-term projections, the Southwest is expected to get higher than average levels of precipitation through May. However, this also comes with predictions of higher than average temperatures.

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Friday, January 2,2015

Markets get late gift

by Kerry Halladay, Editor
“So far this week we’ve seen some light fed cattle sales in Nebraska and Iowa at $163 live and $260-262 dressed,” reported Troy Vetterkind of Vetterkind Cattle Brokerage. “Not enough volume to establish a market but suffice it to say it likely points to a higher cattle trade when all is said and done this week.

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Friday, January 2,2015

Ranchers under 35 years extinct by 2033

by Kerry Halladay, Editor
A recent study published in the Society for Range Management’s Rangelands journal paints a bleak picture of the future of ranching in the West. According to the researchers, at the current pace of agricultural aging, there won’t be any ranchers under the age of 35 by 2033.

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Monday, December 29,2014

Cattle on Feed called neutral

by Kerry Halladay, Editor
As the year-end holiday season continues, the markets are calm. The most recent Cattle on Feed report showed a continuation of the ongoing build-up of cattle in feedlots. Cattle on feed numbers were up, placements were down slightly, and marketings were down considerably again.

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Monday, December 29,2014

'Higher' was 2014's theme of the year

by Kerry Halladay, Editor
Due to the holiday-shortened week last week and the subsequent lack of activity in the markets, there is not as much to report this week. But, in keeping with the theme of looking back on the year that’s about to fade into history, there were some distinct highlights in this year’s market that deserve reflection.

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Monday, December 29,2014

Less red meat in 2014

by Kerry Halladay, Editor
The most recent Cold Storage report came out last week showing red meat supplies in all freezers down fairly significantly year-over-year. Red meat in cold storage as of Nov. 30 stood at 919.08 million pounds, down 10 percent from the same time last year.

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Monday, December 29,2014

Veto doesn't stop antibiotic bill

by Kerry Halladay, Editor
California state Senator Jerry Hill (D-13) submitted SB 27 to the state’s senate last month. Among other things, the bill would require a veterinary prescription for any use of “medically important” antibiotics in food animals. It would prohibit the use of such antibiotics for the sole purpose of weight gain or improved feed efficiency.

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Monday, December 22,2014

Emergency action halts futures freefall

by Kerry Halladay, Editor
One of the biggest elements of market news last week was the unprecedented freefall seen in the feeder futures markets. For five solid days—from Dec. 12 through Dec. 17—every contract on the feeder board was limit down—a drop of $15 in all feeder contracts in less than a week!.

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Monday, December 22,2014

And no sage-grouse listing next year

by Kerry Halladay, Editor
On the ninth day (before) Christmas, a lot of people in the West got some early gifts when the president signed what might be one of the most bipartisan supported—and bipartisan opposed—bills of the 113th Congress. Of course, that also means a lot of people got the legislative equivalent of a whopping chunk of coal early too.

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