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Friday, August 21,2009

COMMENTS

Market dynamics

by Pete Crow - Publisher
The market for yearling feeder cattle has stayed quite strong this summer and has appeared to trade without much of a freight basis. For example, 850-pound steers in Nevada are trading at or near the same price as they are in eastern Wyoming.

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Friday, August 14,2009

COMMENTS

The new GIPSA

by Pete Crow - Publisher
The Grain Inspection Packers and Stockyards Administration (GIPSA) is all of a sudden getting reacquainted with the cattle industry and has been very aggressive checking up on auction markets and cattle dealers. For many years, you could go on their Web.

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Friday, July 31,2009

COMMENTS

by Pete Crow - Publisher
JBS has been on a tear, growing their global red meat operation. Five years ago, this global powerhouse didnt exist; JBS was just another beef processor in Brazil. In three short years, they have invested over $3 billion in just the U.S. beef industry alone, purchasing Swift, Smithfield Beef and Five Rivers Cattle Feeding.

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Friday, July 24,2009

COMMENTS

Liars can figure

by Pete Crow - Publisher
If you listen to USDA rant about cap and trade, you would think the program will be a big cash machine for agriculture. Last Wednesday, USDA Secretary Tom Vilsack, along with Environmental Protection Agency (EPA) boss Lisa Jackson, testified in a Senate Ag Committee hearing that cap and trade will be good for farmers in the near term and in the long term.

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Friday, July 17,2009

COMMENTS

by Pete Crow - Publisher
Just think about it, our new, very young presidential administration, with the aid of a House of Representatives that has burned out nearly all their brain cells and a Senate that can do pretty much whatever the leadership wants, is wreaking havoc on the American economy.

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Tuesday, July 7,2009

Time to brag

by Pete Crow - Publisher
Boy, talk about market volatility. The corn acreage report came out last Tuesday. USDA said there were 2 million more acres planted than they originally thought and bam, July corn dropped 30 cents to $3.47. The same day, live cattle dropped $2.10. But the good news, for many of our readers,

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Monday, June 29,2009

COMMENTS

by Pete Crow - Publisher
As far as I can tell the debate over global warming was never finished. There still seems to be disagreement over whether or not its even a problem, but Congress is working on major legislation hoping to do something about it. For every scientist that endorses the concept of climate change there is one that disputes it.

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Friday, June 26,2009

Bad deal

Comments

by Pete Crow - Publisher
As far as I can tell the debate over global warming was never finished. There still seems to be disagreement over whether or not it’s even a problem. But, Congress is working on major legislation hoping to do something about it. For every scientist that endorses the concept of climate change there is one that disputes it. The evidence used to justify climate change is equal to a nanosecond of geologic time.

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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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