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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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Friday, July 5,2013

Mexican beef

by Pete Crow - Publisher
I get the feeling that Canada and Mexico decided not to wait around for WTO tariffs and may be starting to sidetrack some U.S. beef markets. Logistically, it wouldn’t make sense for Canada to bring in beef from Mexico in any kind of volume to intentionally damage U.

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Friday, June 21,2013

Art of activism

by Pete Crow - Publisher
One thing I learned is that animal agriculture activists come in all shapes and sizes and can camouflage themselves very well. You might be visiting with a guy who has all the right credentials and shares some of the same opinions, but he just might turn out to be the wolf in boots and a cowboy hat.

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Friday, June 14,2013

Politics of neighbors

by Pete Crow - Publisher
It sounds like it ought to be a simple matter, to label meat products with their country of origin, but when you take it to the level of where it was born, where it was raised and where it was slaughtered, things get a bit more cumbersome and expensive for processors and distributors.

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Friday, June 7,2013

Conditional risk

by Pete Crow - Publisher
This farm bill will cost nearly a trillion dollars over 10 years, according to the Office of Management and Budget, and will save somewhere between 24 billion over the 10-year span. I honestly don’t understand how Congress got into this 10-year budget idea.

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