The impending implementation of the Affordable Care Act (ACA)— colloquially called “Obamacare” in many circles—has inspired many emotions, chief among them being distrust and concern, particularly among rural communities.
Last week’s short trade week saw surprisingly sluggish buying behavior from packers. Because of the July 4 holiday, markets—cash and futures alike—closed early on Wednesday and were closed Thursday, leaving only Monday through Wednesday and some of Friday for trading cattle.
Following recent congressional rumblings on the topic of antimicrobial use in food animals, U.S. Sen. Dianne Feinstein, D-CA, introduced the “Preventing Antibiotic Resistance Act of 2013” to the Senate on June 27. The bill—which lacked a number at the time of writing—is the Senate version of H.
In the last week of June, the Chicago Mercantile Exchange Group (CME) sent a letter to the U.S. Commodity Futures Trading Commission (CFTC) requesting permission to allow heavier cattle as deliverable on the CME live futures contracts.
The most recent Cattle on Feed report showed that cattle in feedlots of over 1,000 head capacity were down as of June 1, and placements into and marketings out of the same feedlots during the month of May were also down.
In its continuing effort to connect consumers to their farmers—and producers to helpful industry contacts—USDA’s “Know your farmer, Know your food” program has created a powerful online search tool called “Compass.
Western ranchers are no stranger to fire. The recent years-long drought in many states has made that an even closer relationship as massive wildfires devastate parched rangelands. But in Idaho, more and more ranchers are turning in their cowboy hats for firefighters’ helmets as this year’s fire season starts up.
Light cash trade developed sporadically throughout last week with Iowa and Nebraska selling several hundred head on Tuesday and Wednesday at $120-122 live and $190-192 dressed with a few at $194 dressed going to a regional packer in Nebraska.
Federal Judge Karen Schreier recently ruled that the defamation lawsuit brought against ABC News by Beef Products Inc. (BPI)—producer of lean finely textured beef (LFTB)—will return to South Dakota’s Union County Circuit Court.
Last week saw donut-like activity in the cash fed market. Light trade occurred on Monday and Tuesday in Iowa at $193.50-195 dressed and $122-124 live. This was called clean-up trade from the previous week by Troy Vetterkind of Vetterkind Cattle Brokerage.