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Friday, April 19,2013

MCOOL compromise time

by Pete Crow - Publisher
have to wonder how US- DA will finally deal with Mandatory Country of Origin Labeling (MCOOL). I took a good look at the comments filed at USDA’s filing website, and if USDA looks at them closely, from a number of points of view, the beef industry will have a problem and CROW.

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Friday, April 5,2013

Counting beans... or is it corn?

by Pete Crow - Publisher
The corn report sent corn prices into a tail spin, losing nearly $1 in the three days that followed Thursday, March 28. Conversely, feeder cattle were up the limit, $3, that Thursday and have been quite strong since, which suggests that the low for feeder cattle may have arrived.

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Friday, March 29,2013

Feeder cattle transparency

by Pete Crow - Publisher
When you buy your bulls to breed the cows, you have tons of data that you can utilize to pick the right bull for your needs, and the list of selection traits is getting longer and more accurate. Add in the new DNA gene marker data and you have even more information to pick just the right bull.

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Friday, March 22,2013

Quality still pays

by Pete Crow - Publisher
Cattle feeders are finding a little relief these days with feeder cattle prices much lower than a year ago. All classes of feeder cattle are down nearly $20/ cwt., which should give cattle feeders a chance to earn back some of their equity that has been lost over the past year.

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Friday, March 15,2013

COOL worse than ever

by Pete Crow - Publisher
Mandatory Country of Origin Labeling (mCOOL) has been a contentious issue in the past and will continue to be contentious. The mandatory labeling law went into effect in 2009 and was a product of the 2002 farm bill. It took a lot of arm twisting to get Congress to.

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Friday, March 8,2013

Who do you trust?

by Pete Crow - Publisher
This sequester situation sure has to make one think about having faith in government. We all know that the federal government has been on a spending spree since President Obama took office four years ago. The thought of them being forced to cut 2.4 percent out of their 3.

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Friday, February 22,2013

Two percent of payroll

by Pete Crow - Publisher
Fewer people are buying beef and even with smaller fed cattle supplies, the market isn’t responding to lower prices. The beef cutout value toyed around with $2 beef over the holidays but has been in a tail spin since the New Year; the beef cutout was CROW.

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Friday, February 15,2013

New marketing tool

by Pete Crow - Publisher
Last week’s cattle industry convention held in Tampa, FL, was, for the most part, uneventful, and I suppose the National Cattlemen’s Beef Association prefers it that way after years of arguing over the checkoff and governance issues. There was a new committee structure in place that seemed to produce CROW.

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Friday, February 1,2013

A long way to go

by Pete Crow - Publisher
The live cattle market regained all the losses that were realized two weeks ago after Cargill announced the closing of their Plainview, TX, beef plant. The market has made nearly a full recovery. I’ll admit, it was a bizarre day at the CME when the news came about.

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Friday, January 18,2013

Infrastructure casualty

by Pete Crow - Publisher
Beef sales for 2013 have started off with a big thud; consumer demand is fading in the shadow of less expensive pork and poultry. Competing with those meats in the grocery store will be a big challenge for the beef industry this year. Most market watchers were looking for the beef cutout values to get much closer to $2 by now.

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