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Friday, June 19,2009

COMMENTS

by Pete Crow - Publisher
There is a lot of legislation concerning agriculture circulating in Washington, D.C. I dont think I have ever seen so many issues that would have a direct effect on agriculture being worked on at one time: The Clean Water Restoration Act, which just passed out of the Senate committe on

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Friday, June 12,2009

COMMENTS

by Pete Crow - Publisher
Last week, the USDA supply demand report for grains suggested that the ethanol industry is estimated to consume another billion bushels, creating more pressure on the market and creating more pressure for cattle prices as well. In a report released last week by the Food Manufacturer Association and the National Turkey Federation, Implications for U.

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Friday, June 5,2009

COMMENTS

by Pete Crow - Publisher
This past week was a real lesson in the volatility of our cattle markets. Feeder cattle contracts took a beating, with the August contract taking nearly a $4 hit while chasing live cattle contracts down to new lows. I suppose there were some expectations that the mar.

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Friday, May 29,2009

COMMENTS

by Pete Crow - Publisher
Its time to start thinking about the summer cattle markets, or perhaps what to do this summer about the fall market, when most everyone delivers cattle. The big video sales are gearing up and well see what the first high-profile sale produces. These video sales seem to represent a peek into the fall calf and yearling markets.

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Friday, May 22,2009

COMMENTS

by Pete Crow - Publisher
Washington, D.C., is a busy place and the volume of legislation going through there is overwhelming. Too much for my liking. The irony is that most of it is overwhelmingly stupid. It’s no secret that we live in a global economy; that’s just the way it is. Passing free trade agreements is

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Friday, May 8,2009

COMMENTS

by Pete Crow - Publisher
Twenty-five years ago when the Beef Improvement Federation (BIF) only attracted about 60 folks, Expected Progeny Differences (EPDs) were the hot topic of the time. Two weeks ago, BIF held their annual meeting and gathered more than 450 people. This time, the major topics of concern were DNA and genome mapping.

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Friday, May 1,2009

COMMENTS

by Pete Crow - Publisher
The report was produced by the ususal universities with a cast that most everyone in the cattle and beef industry is familiar with. The report was funded by USDA. The report suggests that if beef producers do not adopt a full traceability system with at least a 90 percent compliance rate, we could lose $13.

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Friday, April 17,2009

COMMENTS

by Pete Crow - Publisher
Last week, the boxed beef cutout rallied around $10 from the previous week based on lower processing numbers. Cattle sold at $86 two weeks ago and moved up to $89- 90 on the cash market last week, which should put some profit back in the picture for both cattle feeders and packers.

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Friday, April 10,2009

Cautious optimism

Comments

by Pete Crow - Publisher
Cattle markets are moving a little better; fed cattle trade was up to $85 last week and feeder cattle are a bit stronger. Grass fever should be adding a few bucks to the calf market soon, if it isnt already in some areas. With the summer high-demand grilling season around the corner, it will be interesting how consumers respond to beef prices.

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Friday, April 3,2009

Working hard for the money

Comments

by Pete Crow - Publisher
What has the Cattlemen's Beef Board (CBB) done for you lately? As much as they possibly can, would be the answer. With cattle prices trading on the low end of the modern trading spectrum, it's assuring to know that CBB is still keeping beef in front of consumers.

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