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Friday, February 18,2011

It’s good enough

by Pete Crow - Publisher
Looking ahead, we have August feeder cattle futures showing us $133.45 last Thursday, a new contract high. Fall cattle prices are as strong as ever and it forces me to ask the question: How many ranchers will sell in the fall on the cash market? I still contend that there are more reasons for the market to go down

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Friday, February 11,2011

They belong together

by Pete Crow - Publisher
The National Cattlemen’s Beef Association, Cattlemen’s Beef Board, and the Federation of State Beef Councils held their annual meetings in Denver, CO, in early February. There was a good crowd despite sub-zero temperatures. For the most part, everyone was in good spirits due to the current cattle markets, but caution was the word

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Thursday, February 3,2011

Remarkable market

by Pete Crow - Publisher
The 70th Annual Red Bluff Bull Sale was an amazing event this year and reflected the pace of cattle markets. This sale made history, setting a record for all-breed range bull sales in the West. Demand for bulls was extremely good; buyers jumped right in to get the bulls they needed. This was a truly remarkable event and, by far,

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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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