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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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Friday, October 22,2010

COMMENTS

by Pete Crow - Publisher
There are quite a few regulatory issues affecting agriculture that have been promoted by the Obama administration. Most of the real damage is coming from the Environmental Protection Agency (EPA). Just the clean water and clean air issues alone pose a great threat to the profitability of agriculture.

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Friday, October 8,2010

COMMENTS

by Pete Crow - Publisher
The proposed rule changes to the Packers and Stockyards Act have sure gained a lot of attention from members of the House and Senate. Last week, several lawmakers wrote USDA Secretary Tom Vilsack asking him to conduct a thorough economic analysis of the proposed rule changes, which seems like a reasonable request.

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Friday, October 1,2010

COMMENTS

by Pete Crow - Publisher
China pointed out to the WTO panel that their cooked poultry has met international health standards and they have been shipping product to Japan and Europe. Those two markets are perhaps the two most critical, health-conscious markets in the world, and the U.

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Friday, September 24,2010

COMMENTS

by Pete Crow - Publisher
The Cattle on Feed report showed that cattle feeders were fairly aggressive on their purchases for August, with placements up 7.4 percent over last year.

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Friday, September 17,2010

Market direction

by Pete Crow - Publisher
Cattle markets remain good after Labor Day, but last week, things became a bit unsettled after a good rally in the corn market. Feeder cattle have lost a few dollars, but yearling trade at $110 with $5 corn isn’t all that bad. But it makes you think a little harder about the direction of the markets

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Friday, September 10,2010

COMMENTS

Time to become an activist

by Pete Crow - Publisher
It seems like it's time to become a political activist. There are a bunch of issues that Congress and the Obama administration need to take seriously this year before real damage is done. The first issue that comes to mind is the death tax. In just four short months, the tax code reverts back to the old one where tax rates increase to 55 percent for estates valued in excess of $1 million. As many of you know, this tax plan can blow up the family farm or ranch. As a matter of fact, any business that is long on assets and short on cash flow will be damaged as a result of this change in the tax code. I suppose this would be another endorsement of our irresponsible Congress. Just remember, you can fix it November 2.

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