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Friday, May 10,2013

New territory

by Pete Crow - Publisher
Wholesale beef prices finally moved over the $200 mark and have remained there for the past five days. Last Thursday, Choice beef was $3.00 higher at $204.67 in the afternoon report. Trade volume has been light as everyone tries to adjust to this new price point.

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Friday, May 3,2013

The big picture

by Pete Crow - Publisher
Corn is back in the news and it looks like the livestock industry has re-armed and is going after the Environmental Protection Agency (EPA) again over the Renewable Fuel Standards (RFS). Bob Goodlatte, R-VA, proposed legislation a few weeks ago that would reform the law.

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Friday, April 26,2013

There is light in the tunnel

by Pete Crow - Publisher
Boxed beef started to move higher last week and beef markets were turning more active for middle meats. Let’s hope that folks feel an overwhelming need to fire up the grills after several weeks of pent up demand from the delay of grilling season. Lateseason snows have hammered Plains states the past few weeks.

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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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