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Friday, January 28,2011

The perfect storm

by Pete Crow - Publisher
Cattle markets are as good as they have ever been and optimism is high. Futures markets are wild and have taken prices to almost unbelievable levels. August fed cattle are trading at $113 and feeder cattle at $128. Cattle feeders are apparently getting concerned about future supplies of feeder cattle and seem to think

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Friday, January 21,2011

Getting along

by Pete Crow - Publisher
It appears that Cattlemen’s Beef Board (CBB), National Cattlemen’s Beef Association (NCBA) and the Federation of State Beef Councils (Federation) have made peace over the recent round of financial discrepancies between the organizations and their contractors.

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Friday, January 7,2011

Living with $5 corn

by Pete Crow - Publisher
Its becoming very apparent that the livestock business is going to have to learn to live with $5 corn. Many already have because corn prices dropping back below $3 just isnt going to happen. The cattle industry has developed itself around cheap corn for the past 50 years. The corn rally in 2008 made you think a bit, but it seemed

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Friday, December 31,2010

Marketing challenges

by Pete Crow - Publisher
Most market analysts are expecting 2011 to be a good year for the cattle industry. The USDA forecast is calling for a 2 percent reduction in beef output next year which should shore up the supply side of the market. The supply side of live cattle markets is in a positive situation for the year ahead and for

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Thursday, December 23,2010

Cowboy Christmas

by Pete Crow - Publisher
Cattle markets have gone wild over the past couple weeks, with nice advances in last week’s markets for all classes of cattle. It appears that the managed money funds are back in the game and pushing both fed and feeder cattle contracts to new highs. Even though the cattle are the highest they have ever

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Friday, December 17,2010

Needed changes

by Pete Crow - Publisher
The USDA Grain Inspection Packers and Stockyards Administration’s congressional mandate to make changes to the Packers and Stockyards Act appeared to hit a big stalling point last week. Secretary of Agriculture Tom Vilsack announced last week that the agency will perform

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Friday, December 10,2010

Need to grow

by Pete Crow - Publisher
Cattle markets have been a nice surprise the past few weeks. Market advances have exceeded what most analysts were expecting. Maintaining fed prices in the $1 per pound area for an extended period of time is remarkable. Cattle supplies remain low in North America and you have to wonder if we’ll see

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Friday, November 19,2010

Time for a tune-up

by Pete Crow - Publisher
I’m constantly amazed at how we do business in the livestock industry. Millions of dollars trade hands in the country on a word and a hand-shake. There has seldom been a problem and, if there was, it was dealt with and we moved on. There’s been a lot of talk about Eastern Livestock Company’s recent

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Friday, November 12,2010

Another fine mess

by Pete Crow - Publisher
Somewhere along the trail, this situation with Grain Inspection, Packers and Stockyards Administration’s proposed changes to the Packers and Stockyards Act went from an economic issue to a social issue. One thing for certain is you can’t have a good social policy in this country without a

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Friday, November 5,2010

COMMENTS

Common sense

by Pete Crow - Publisher
It was a good week in some parts of the country after Tuesdays events. On Wednesday morning, after the tally was made, it appeared that hope and change took on a whole new meaning. This was the largest voter turnout for any midterm election in history, which shows us just how disappointed the country is about the current state of our government.

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