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Friday, December 19,2014

CME breaks feeder markets

by Pete Crow - Publisher
If you were a bull in the feeder cattle pit at the CME, I’m sorry to learn of your fate after five days of limit down trading. With the January feeders touching $237, didn’t you think that was kind of high? Cattle feeders were buying feeder cattle at $190 breakevens in November when.

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Monday, December 15,2014

Power of the purse

by Pete Crow - Publisher
Watching the federal government fund itself is always entertaining. This last $1.1 trillion omnibus spending bill may be just about right because it seems that nobody is happy with it because they didn’t get everything they wanted. It always amazes me that Congress passes laws and then we go to battle to fund the law or not.

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Monday, December 8,2014

Make it go away

by Pete Crow - Publisher
Don’t you at times wish this Country of Origin Labeling (COOL) issue would go away? For some reason in the cattle business we take on issues that have the potential to harm our industry and we won’t let them go until somebody gets satisfaction.

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Friday, November 28,2014

Markets gone wild

by Pete Crow - Publisher
It is remarkable how high cattle prices have come; we’re producing just 6 percent less beef than a year ago but the prices of fed steers have increased roughly 30 percent, when fed cattle were trading at $130, and late week fed cattle were trading at $171 with some trades as high as $174.

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Friday, November 21,2014

Strange alliance

by Pete Crow - Publisher
Last week we reported that the Organization of Competitive Markets (OCM) filed a lawsuit in the District of Columbia Circuit Court of Appeals and that the Humane Society of the United States (HSUS) attorneys prepared and submitted the suit.

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Friday, November 14,2014

Checkoff drama continues

by Pete Crow - Publisher
Well, guess what? It’s going back to court. This time the Organization for Competitive Markets, (OCM) filed the suit but have attorneys from the Humane Society of the United States (HSUS) doing the work— pro bono, I assume. The OCM has strong relationships with the aforementioned groups that have been targeting the beef checkoff for years.

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Friday, November 7,2014

Sustainability defined

by Pete Crow - Publisher
It’s fine that this group took on the task of this definition, which is more of a conservation plan that can be adapted to any ecosystem worldwide.

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Friday, October 31,2014

More COOL

by Pete Crow - Publisher
By all accounts, it appears that the USDA will appeal the decision from WTO again, which will take time. USDA and the U.S. Trade Representatives have 60 days to appeal, then it’s assumed that the process will take another nine months to get the WTO’s appeal decision.

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Monday, October 20,2014

Who do you trust?

by Pete Crow - Publisher
This Ebola virus situation is getting a little out of hand. It shows once again that the federal government and the Obama administration just can’t govern and are a little too lackadaisical about doing the job.

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Friday, October 3,2014

More checkoff drama

by Pete Crow - Publisher
It’sbecoming clear who has the ear of Secretary of Agriculture Tom Vilsack; the National Farmers Union (NFU). Last week Vilsack held a meeting with the Beef Checkoff working group and said, “This is going to be a one-way conversation,” telling the group that he plans on.

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