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Friday, September 20,2013

More cows, please

by Pete Crow - Publisher
Last week we experienced major moisture events in much of the country. Here in Colorado we received a years’ worth of rain and hail in roughly four days. Larimer County in central Colorado received up to 18 inches of rain in a few short days and many parts of the state received three to six inches of rain.

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Friday, September 13,2013

COOL denied

by Pete Crow - Publisher
After re-racking the COOL rule in the wake of a WTO complaint from Mexico and Canada, the USDA was forced into a do-over on the rule. Mexico and Canada and the entire meat industry weren’t very happy with the rule that USDA came up with which mandates a new label that will require born, raised and slaughtered information.

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Friday, September 6,2013

Seasonal patterns

by Pete Crow - Publisher
Higher, higher and higher is the mantra of the feeder cattle market, which has been on a rally of extraordinary strength. It’s just amazing that this market has been on a three month roll and nothing is holding it back.

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Friday, August 30,2013

Calves and feeders remain strong

by Pete Crow - Publisher
It’s been quite a summer for calves and feeder cattle. The market took off in June and hasn’t looked back. Ever smaller supplies of feeding cattle have forced cattle feeders to dig deep into their pockets if they want to keep their yards operating efficiently.

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Friday, August 16,2013

Antagonistic relationship

by Pete Crow - Publisher
Live cattle markets finally moved off the six-week average of $119 last week when Tyson foods announced that they would not be buyers of cattle fed the beta-agonist Zilmax. The announcement came on Aug. 7 during the National Cattlemen’s Beef Association (NCBA) midyear conference in Denver.

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Friday, August 9,2013

EPA to change RFS

by Pete Crow - Publisher
All of a sudden, the Environmental Protection Agency (EPA) has come to their senses about the Renewable Fuel Standard (RFS) mandate and finally realized that cellulosic ethanol won’t be a big contributor to the ethanol mix for a while.

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Friday, August 2,2013

Price discovery

by Pete Crow - Publisher
Fed cattle markets have been pretty dull this past July. The cash price for fed cattle was $119 every week of the month. Futures markets have also been dull, with the August contract staying in a $3 trading range for the month. We know that July is typically the hardest month on the fed CROW.

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Friday, July 26,2013

Feeder cattle on the move

by Pete Crow - Publisher
The December corn contract broke below $5 last week, which seemed like a major support level. Some of the latest corn reports are suggesting we’ll have a good pollination season despite the late planting, and there appears to be confidence that we’ll have a record-setting corn crop this year.

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Friday, July 19,2013

Where's the accountability?

by Pete Crow - Publisher
The House of Representatives may have put the cart ahead of the horse on their recent farm bill project. Last week, the House narrowly passed a farm bill that excluded any food assistance programs. Separating the two pieces of legislation is a good idea in my CROW.

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Friday, July 12,2013

COOL again

by Pete Crow - Publisher
It looks like the gloves are off in this industry battle for a bad Country of Origin Labeling (COOL) law. Last week, eight U.S. and Canadian meat and livestock industry groups filed suit against USDA for injunctive relief regarding COOL.

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