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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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Friday, August 20,2010

Old arguments never die

by Pete Crow - Publisher
The U.S. Justice Department and USDA’s Grain Inspection Packers and Stockyards Administration will hold their next competition workshop this Friday, Aug. 27, in Fort Collins, CO. These workshops were scheduled last year for the government to learn more about livestock

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Friday, August 13,2010

Modern business?

by Pete Crow - Publisher
Natural resources use is big business, and the distribution of resources like natural gas is really big business. By now, a lot of you have learned about El Paso Corporation’s plans for the $3 billion Ruby Pipeline running from southwest Wyoming across northern Utah and Nevada and into

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Friday, August 6,2010

Checkoff chatter

by Pete Crow - Publisher
The beef checkoff is possibly the most contentious issue ever involving the cattle business. This self-help program has created more heartache among folks trying to do something positive for the industry than I have ever seen. It appears that everyone wants to love the checkoff to death

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Friday, July 23,2010

Common sense prevails

by Pete Crow - Publisher
1. he U.S. livestock industry has been a bit uneasy over the proposed competition rules that USDA’s Grain Inspection Packers and Stockyards Administration (GIPSA) proposed several weeks ago. Many livestock groups have had their attorneys pouring over the proposals to figure

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Friday, July 16,2010

The way forward

by Pete Crow - Publisher
It was a good week for feeder cattle markets. The big videos produced large volumes of yearlings, heavy yearlings that sold between $102 and $110. Calves for fall delivery were also strong and steady. The six-weight cattle were trading in the $115 range while the five weights were in the

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Friday, July 9,2010

Come together

by Pete Crow - Publisher
JBS packing announced last week that they intend on buying the largest cattle feeding company in the Southwest, McElhaney Cattle Company in Welton, AZ. This acquisition would add 130,000 head to JBS’ feeding capacity for a total of 968,000-head one-time

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Friday, July 2,2010

Cattle politics

by Pete Crow - Publisher
The successful, but divisive, beef checkoff must live through another tormenting period of time. The program, structure and how it operates are again being challenged by several ag groups. The recent challenge is a product of the governance changes that NCBA had proposed, changes intended to

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Friday, June 25,2010

New rules

by Pete Crow - Publisher
USDA released new amendments to the 1921 Packers and Stockyards Act. Those new rules were mandated by the 2008 Farm Bill. Congress’ wish was to provide basic protections for livestock and poultry producers. However, USDA may have overinterpreted Congress’ intent on this one.

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