We have a distribution crisis, and we’ve been spoiled by companies like Amazon and online merchandising—order today and get it tomorrow, or even the same day. I think the race to be the quickest distributor has created the problem of being the consistent distributor.
Consumer demand hasn’t shown any signs of slowing down. The government has been handing out lots of money, with added benefits to the 40 million folks on the food stamp program and the $300 a month child tax credits. I can’t wait to see how the $3.5 trillion social handout goes.
I was reading the Saturday edition of the Wall Street Journal last week, and a full-page ad caught my eye in a big way: a full-page ad promoting the sustainability and nutritional value of the U.S. beef cattle industry. This may be the boldest use of Beef Checkoff dollars I’ve ever seen.
The federal government is finally listening to you about the state of the cattle market. USDA announced that they were planning on investing $4 billion in the food infrastructure of the U.S., from production, processing and distribution to consumer markets. I always get nervous when the government shows up and says, “We’re here to help.”
There has been a lot of hubbub about Denver’s National Western Stock Show (NWSS) and the Cattlemen’s Congress show in Oklahoma City, which jumped on top of the NWSS dates. The Oklahoma Chamber of Commerce and several other opportunistic groups, including cattlemen, are essentially trying to supplant NWSS, a major national stock show.
Looks like cattle feeders are tired of this slow-moving market and digging their heels in for higher money. Packers have been enjoying very good margins and it’s time to share the spoils and get feeders back into a profitable situation, which they haven’t seen for a while.
The Public Lands Council held its annual meeting last week in a virtual setting, which isn’t as much fun. They had a serious meeting and I learned a lot about the agencies they need to work with and the various conservation partners they work with.
Crazy world we live in. The riot that happened at the Capitol last week was atrocious and captured the attention of every U.S. citizen. The changing of the administration will be drastic with both Senate and House committees being run by the majority, the Democrats.
Who is going to add value to your cattle, the consumer or the order buyer? Last week R-CALF USA released their five-year plan for the cattle industry. It looks like they condensed all the issues they have been working on over the past 20 years into their five-year plan.
We have a few weeks to go before this unprecedented presidential election is over. With this COVID-19 pandemic, it has made everything more than interesting. With all the mail-in ballots and social distancing, it may take some time before we know who the next president will be.
Ten executives in the chicken industry have been indicted on price fixing and it looks as if the Department of Justice (DOJ) has compelling evidence. Then the pork and the beef industry had price fixing cases dropped recently, and some are still pending.