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Friday, July 29,2011

The heat is on

by Pete Crow - Publisher
It has been a mixed bag in the cattle markets this past week. Superior Livestock Auction’s big Video Royale Sale in Winnemucca, NV, produced some excellent prices for all classes of cattle. Five- to six-weight calves for fall delivery were trading well into the $150-plus range and yearlings for immediate

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Thursday, July 21,2011

The hold-up

by Pete Crow - Publisher
When it comes to foreign trade, agriculture is the bright spot, and the only business segment that has positive trade balance is agriculture. There is no question that there is a hungry world out there and they are becoming wealthier and eating better. Last year, agriculture had a

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Thursday, July 14,2011

Lines of communication

by Pete Crow - Publisher
Just when you think Cattlemen’s Beef Board and National Cattlemen’s Beef Association leadership have ironed out their concerns, something happens and everyone’s back to bickering. The checkoff has always been a political issue in the cattle business. Ironically, some of the cattle industry’s own internal activist groups were created to

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Friday, July 1,2011

Fuzzy math

by Pete Crow - Publisher
Boy, it really makes you wonder just how these guys in government think. This country owes more that $14 trillion and we are running a $1.6 trillion budget deficit, but Congress is squabbling over a few free trade agreements (FTAs) that would create more than $20 billion in commerce between

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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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