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Friday, June 24,2011

It’s volatile, so hedge

by Pete Crow - Publisher
There is more volatility in the commodity markets. Two weeks ago, cattle markets were on a roll, gaining several dollars going into Father’s Day weekend with cash fed cattle trading at $108-109. Then the June 1 Cattle on Feed report came out and, the following Monday morning, the markets took off. It was starting to look like the

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Thursday, June 16,2011

Looking better

by Pete Crow - Publisher
The big summer video sales are around the corner and they are usually the market setters. Cattle markets have been in a decline over the past six to eight weeks, but appear to have stabilized for now. Cash fed cattle seemed to have drawn a line at $104, but that is far from what unhedged feeders will require to

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Thursday, June 9,2011

Dividing lines

by Pete Crow - Publisher
In just a few weeks, the summer beef industry conference will be held in Orlando, FL. The National Cattlemen’s Beef Association, Cattlemen’s Beef Board, Federation of State Beef Councils, state cattlemen’s associations and just about anyone else connected to the beef industry will meet to set policy and

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Friday, June 3,2011

Better business climate

by Pete Crow - Publisher
There have been quite a few political issues on the front burner lately that have a huge effect on the cattle and beef industry. The political winds appear to be shifting, and a pro-business environment seems to be slowly developing. It seems that lawmakers are at least acting serious

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Friday, May 27,2011

The big gulp

by Pete Crow - Publisher
The fed cattle markets have been ugly the past month, down $19 in seven weeks. Many market analysts were expecting a decline going into the summer and forecast a typical seasonal decline around 15 percent by July. This average decline would have placed the market in the neighborhood of $105 from

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Friday, May 20,2011

NWSS sees new future

by Pete Crow - Publisher
There has been a lot of talk about the National Western Stock Show in Denver, CO, making a move over the past few weeks. The idea of the 105-year-old livestock show moving to a new location has been in the works for the past 10 years and it appears there is some real traction behind the effort. At the NWSS annual board

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Friday, May 13,2011

Getting along

by Pete Crow - Publisher
The National Cattlemen’s Beef Association (NCBA) is an interesting organization. It seems that cattle people either love them, hate them, don’t trust them, or don’t care about them. I suppose that every trade group could be viewed this way because no one can agree on everything. Last week, I was following up on a story

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Friday, May 6,2011

Miracles can happen

by Pete Crow - Publisher
It has been interesting watching all the debate about the issues concerning the beef checkoff and the turf war between National Cattlemen’s Beef Association and the Cattlemen’s Beef Board over the past several months. The debate essentially revolves around NCBA handling most of the money and

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Thursday, April 28,2011

Summer volatility ahead

by Pete Crow - Publisher
Cattle markets were a bit softer last week, but recovered somewhat by the week’s end. We’ve all been wondering when this market would get a bit softer and it looks like we’re starting to see it. We’re approaching the high-demand summer grilling season and slaughter rates should start to pick up and keep the larger cattle inventory moving, barring any

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Friday, April 15,2011

A market to behold

by Pete Crow - Publisher
The bull sales have been awfully good this spring and there is a great deal of optimism in the cow/calf sector of this business. All classes of breeding stock are trading 30 percent higher than a year ago. Many of the bull sales are producing $500 to $800 more per bull than a year ago. Some outfits have seen their bull sale average

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