FPS 2010 started today! Boone IA is the place!
http://farmprogressshow.com/main.aspx
Tuesday, August 31, 2010
http://www.huskerharvestdays.com/story.aspx/turbines/at/hhd/28/41377
Story on wind power being used at HHD. A clean energy option for more operations, maybe yours? Have you considered wind energy? Post you comments.
Story on wind power being used at HHD. A clean energy option for more operations, maybe yours? Have you considered wind energy? Post you comments.
Monday, August 30, 2010
Look for custom rates in ND.
http://http://www.ag.ndsu.edu/news/newsreleases/2010/aug-23-2010/early-season-custom-rates-available-online
How do these rates compare? Nationwide? Regionally? Post your updates here or on our Facebook page.
http://http://www.ag.ndsu.edu/news/newsreleases/2010/aug-23-2010/early-season-custom-rates-available-online
How do these rates compare? Nationwide? Regionally? Post your updates here or on our Facebook page.
FVSU's Taste of Ag Event, let us know your comments about this event.
http://www.fvsu.edu/news/hundreds-georgians-expected-fvsu%E2%80%99s-%E2%80%9Ctaste-ag%E2%80%9D-field-day
http://www.fvsu.edu/news/hundreds-georgians-expected-fvsu%E2%80%99s-%E2%80%9Ctaste-ag%E2%80%9D-field-day
Sunday, August 29, 2010
American Soybean Association talks with Chairman Peterson regarding farm policy. Stay up to date on the issues that impact the industry. Leave comments here, Facebook and Twitter.
http://www.soygrowers.com/
http://www.soygrowers.com/
Intested in ethanol and energy? Articles from NCGA that warrant review.
http://ncga.com/category/ncga-article-categories/key-issues/ethanol-coproducts/ethanol-energy-0
http://ncga.com/category/ncga-article-categories/key-issues/ethanol-coproducts/ethanol-energy-0
Saturday, August 28, 2010
Friday, August 27, 2010
Farm Progress Show http://farmprogressshow.com/
and
Husker Harvest Days http://huskerharvestdays.com/
Events are right around the corner.
and
Husker Harvest Days http://huskerharvestdays.com/
Events are right around the corner.
Thursday, August 26, 2010
University of Il AG News and Calendar and IA State Ag Dept
http://http://www.aces.uiuc.edu/news/
http://http://aces.illinois.edu/calendar
http://http://www.agriculture.state.ia.us/newsAndEvents.asp
http://http://www.aces.uiuc.edu/news/
http://http://aces.illinois.edu/calendar
http://http://www.agriculture.state.ia.us/newsAndEvents.asp
Daily Livestock Report
http://www.dailylivestockreport.com
Daily Dairy Report
http://www.dailydairyreport.com
http://www.dailylivestockreport.com
Daily Dairy Report
http://www.dailydairyreport.com
Wednesday, August 25, 2010
University of Arkansas Ag Calendar
http://bumperscollege.uark.edu/231.htm
Daily Livestock Report
http://www.dailylivestockreport.com
Daily Dairy Report
http://www.dailydairyreport.com
Also find the House Ag and Senate Ag committee links on our Facebook and Twitter sites.
http://bumperscollege.uark.edu/231.htm
Daily Livestock Report
http://www.dailylivestockreport.com
Daily Dairy Report
http://www.dailydairyreport.com
Also find the House Ag and Senate Ag committee links on our Facebook and Twitter sites.
Tuesday, August 24, 2010
Daily Livestock Report
http://www.dailylivestockreport.com/
Daily Dairy Report
http://www.dailydairyreport.com/
http://www.dailylivestockreport.com/
Daily Dairy Report
http://www.dailydairyreport.com/
Monday, August 23, 2010
http://www.theantiquetractorshow.com/
Thursday, September 23, 2010 West Plains, MO
BRING TRACTORS, SEE TRACTORS! WATCH FOR DETAILS!
Thursday, September 23, 2010 West Plains, MO
BRING TRACTORS, SEE TRACTORS! WATCH FOR DETAILS!
The Daily Livestock Report
http://www.dailylivestockreport.com
The Daily Dairy Report
http://www.dailydairyreport.com
Pork Industry Newshttp://campaign.constantcontact.com/render?v=0010LjSV1Qsdb9jrmmVLNQT1eYz9nVDGTpF-yCAZe0HOaQj_1mF-3tOYGMX6O3e0bMcVFg-W2mZiybKJBZa0CTgSzFUwdymNMjLP0Ao5ClulztHCRw8MeBpZ1VuUHXJ7jz4HrcsVeUiu3ScZo3HAdjJEU60lpTS8xu5dZQh33EGrFriOYD40y9NegAM6wJ86VXSnvxjCV191XGKzAfOcrskaXEFfuSR6eKyCZA8q-6QsObEKzryZi3fRNdcSwN1HyHTUMVDgJSbaPo0hEWZve5ySErJRfCKOuVIUXkC2t7uryBoXdfMrkXZVkKPrgl5R8AG587iV_TBG5B1LA8orxMtDA%3D%3D
http://www.theporknetwork.com
KCBT News
http://www.dailylivestockreport.com
The Daily Dairy Report
http://www.dailydairyreport.com
Pork Industry Newshttp://campaign.constantcontact.com/render?v=0010LjSV1Qsdb9jrmmVLNQT1eYz9nVDGTpF-yCAZe0HOaQj_1mF-3tOYGMX6O3e0bMcVFg-W2mZiybKJBZa0CTgSzFUwdymNMjLP0Ao5ClulztHCRw8MeBpZ1VuUHXJ7jz4HrcsVeUiu3ScZo3HAdjJEU60lpTS8xu5dZQh33EGrFriOYD40y9NegAM6wJ86VXSnvxjCV191XGKzAfOcrskaXEFfuSR6eKyCZA8q-6QsObEKzryZi3fRNdcSwN1HyHTUMVDgJSbaPo0hEWZve5ySErJRfCKOuVIUXkC2t7uryBoXdfMrkXZVkKPrgl5R8AG587iV_TBG5B1LA8orxMtDA%3D%3D
http://www.theporknetwork.com
KCBT News
Friday, August 20, 2010
Tuesday, August 17, 2010
Wyo.-made products, hay show, farmers market a must see at State Fair
CASPER – The Wyoming Business Council Agribusiness Division is hosting three opportunities for Wyoming producers and vendors to sell or show off their goods during the Wyoming State Fair in Douglas, Aug. 16-21. The Agribusiness Division will host a h...ay show at the State Fairgrounds Natural Resource Pavilion on Aug. 17.
Producers who have already received their forage analysis from the lab need to deliver their samples to the Pavilion by 5 p.m. on Aug. 16. Winning producers in each of the separate forage divisions will automatically be entered in the World Dairy Expo Forage Super Bowl Challenge held in Madison, Wisc., Sept. 27–Oct. 2. Other Wyoming forage producers may also submit a hay sample and business card to Forage Program Manager Donn Randall for display in the Wyoming Premium Hay booth at the World Dairy Expo. “The Expo is an excellent opportunity for our Wyoming forage producers to literally show the entire world the quality of hay Wyoming forage producers have to offer,” said Randall. For more information, contact Randall at 307.237.4696 or donn.randall@wybusiness.org.
About 40 Wyoming companies will showcase their products in the Wyoming Products Pavilion, Aug. 16-21 from 11 a.m. to 8 p.m. at the Ft. Fetterman Building at the State Fairgrounds. Products for sale include soaps, candles, food items, clothing, home décor and more. For more information, contact Brandon Marshall at 307.777.2820 or brandon.marshall@wybusiness.org. People are encouraged to visit the 8th annual Wyoming State Fair Farmers Market in the Event Tent, Aug. 21 from 11 a.m. to 3 p.m.
Nearly 20 vendors will be on hand with fresh produce, jams/jellies, skin care products, honey products, plants for sale, and other value-added agriculture products. For more information, contact Kim Porter at 307.777.6319 or kim.porter@wybusiness.org.
The mission of the Business Council is to facilitate the economic growth of Wyoming. The Business Council, a state government agency, concentrates its efforts on providing assistance for existing Wyoming companies and start-ups, helping communities meet their development and diversification needs, and recruiting new firms and industries targeted to complement the state’s assets. For more information, please visit www.wyomingbusiness.org.
CASPER – The Wyoming Business Council Agribusiness Division is hosting three opportunities for Wyoming producers and vendors to sell or show off their goods during the Wyoming State Fair in Douglas, Aug. 16-21. The Agribusiness Division will host a h...ay show at the State Fairgrounds Natural Resource Pavilion on Aug. 17.
Producers who have already received their forage analysis from the lab need to deliver their samples to the Pavilion by 5 p.m. on Aug. 16. Winning producers in each of the separate forage divisions will automatically be entered in the World Dairy Expo Forage Super Bowl Challenge held in Madison, Wisc., Sept. 27–Oct. 2. Other Wyoming forage producers may also submit a hay sample and business card to Forage Program Manager Donn Randall for display in the Wyoming Premium Hay booth at the World Dairy Expo. “The Expo is an excellent opportunity for our Wyoming forage producers to literally show the entire world the quality of hay Wyoming forage producers have to offer,” said Randall. For more information, contact Randall at 307.237.4696 or donn.randall@wybusiness.org.
About 40 Wyoming companies will showcase their products in the Wyoming Products Pavilion, Aug. 16-21 from 11 a.m. to 8 p.m. at the Ft. Fetterman Building at the State Fairgrounds. Products for sale include soaps, candles, food items, clothing, home décor and more. For more information, contact Brandon Marshall at 307.777.2820 or brandon.marshall@wybusiness.org. People are encouraged to visit the 8th annual Wyoming State Fair Farmers Market in the Event Tent, Aug. 21 from 11 a.m. to 3 p.m.
Nearly 20 vendors will be on hand with fresh produce, jams/jellies, skin care products, honey products, plants for sale, and other value-added agriculture products. For more information, contact Kim Porter at 307.777.6319 or kim.porter@wybusiness.org.
The mission of the Business Council is to facilitate the economic growth of Wyoming. The Business Council, a state government agency, concentrates its efforts on providing assistance for existing Wyoming companies and start-ups, helping communities meet their development and diversification needs, and recruiting new firms and industries targeted to complement the state’s assets. For more information, please visit www.wyomingbusiness.org.
Monday, August 16, 2010
Saturday, August 14, 2010
WY State Fair in Douglas WY today through the 21st.
http://http://www.wystatefair.com/docs/2010/2010Schedule.pdf
http://http://www.wystatefair.com/docs/2010/2010Schedule.pdf
Friday, August 13, 2010
Tuesday, August 10, 2010
Monday, August 9, 2010
KCBT News
http://campaign.constantcontact.com/render?v=001W5XuTI8OwGkJi1mWDphJ-IdPHVUyj51BGmwGgUKu5JUtLvBeSBmfUzro4gekaWH4ZxduI9dWp9c5DFFeOoXWrLmpUz_HErpuKJ_clVzfgZtE2VUyhDrzfhPuJyxj-68RW6OfTehtUtJxwqeeKFAhRDAmRL3bjykxdyWE56z2rxOMB-zMuN4IOTOgo3bYQKMz1nKEq423_PDEyvMV09oz9spJo9Km-xXvOD5DP3ux4V0uMtienrZgSP9auaul_cK-5ZTxo3Vug3VEaICiklm65ZY_lumK2LnaPAh_8QQmBIdXwJ9U5sumelJmDQS-P9aC6ZelHthEga4qn54T7osI2g%3D%3D
http://campaign.constantcontact.com/render?v=001W5XuTI8OwGkJi1mWDphJ-IdPHVUyj51BGmwGgUKu5JUtLvBeSBmfUzro4gekaWH4ZxduI9dWp9c5DFFeOoXWrLmpUz_HErpuKJ_clVzfgZtE2VUyhDrzfhPuJyxj-68RW6OfTehtUtJxwqeeKFAhRDAmRL3bjykxdyWE56z2rxOMB-zMuN4IOTOgo3bYQKMz1nKEq423_PDEyvMV09oz9spJo9Km-xXvOD5DP3ux4V0uMtienrZgSP9auaul_cK-5ZTxo3Vug3VEaICiklm65ZY_lumK2LnaPAh_8QQmBIdXwJ9U5sumelJmDQS-P9aC6ZelHthEga4qn54T7osI2g%3D%3D
Thursday, August 5, 2010
The Pork Network and Dairy Report, get news from the industry.
http://www.dailydairyreport.com/
http://www.theporknetwork.com
http://www.dailydairyreport.com/
http://www.theporknetwork.com
Wednesday, August 4, 2010
Daily Livestock Report
Vol. 8, No. 150, August 4, 2010
Thank you to all DLR readers who dropped an e-mail
to share their take on the level of beef cow slaughter this year
and what may be driving it. This is obviously an important issue
to many people — and it popped up last week during the National
Cattleman’s Beef Association (NCBA) summer conference in Denver.
The agenda included a panel discussion about the shrinking
U.S. beef cow herd and what could be done to stop the decline.
NCBA Chief Economist Greg Doud noted during the discussion that
the U.S. beef cow herd has declined in 12 of the past 14 years. The
only two annual increases were observed in 2005 and 2006. Not
coincidentally, those increases followed RECORD-HIGH cow-calf
profits of nearly $150/cow in 2004 and 2005. We believe there is
causation— not just correlation — in that “expansion follows profits”
relationship.
We do appreciate the fact that none of the responses to
last week’s edition began with some version of “Dear idiot . . “ The
e-mails were drenched in true concern about what is happening this
year to the beef cow herd. Most agreed with Dr. Plain’s idea that
the economy and tight dollars — or the need to generate dollars
from anywhere, even if that means selling the small cow herd — are
a key factor in this year’s cow movement. But several other factors
were also identified:
Producer age — and especially the age of some of those smaller
herd operators—was a common theme. It was also a point
of emphasis at the NCBA panel discussion. We concur with
that idea, of course, but would point out that average operator
age has been progressing for a long, long time. Has it just
recently hit a critical level? We doubt that. A more plausible
age-related situation would be that the combination of age and
cash needs is MUCH greater than either factor alone. We
could not find any Census data on age of beef cow operators
— but we agree that this is a major factor.
Loss of acres to crops. Several responses pointed to examples
of pasture land that has been or is being broke out for cash
grain production. The recent persistence of $3-plus corn, $9-
plus beans and $5-plus wheat has certainly created big incentives
to put more acres to the plow and this loss of pasture will
have a negative impact in some areas. One comment said “I
remember how many pasture acres were lost in the 1970s for
the same reason” — ie. conversion to crops. These paradigm
shifts have VERY LONG TAILS!
Some pressure is being exerted on cows on public lands as well. While we believe that most of these cows are in larger operations,
increasing pressure to reduce stocking levels will definitely contribute to higher beef cow slaughter in the short run.
An aging cow herd that has “hit the wall.” This comment was based on many producers getting far more calves from a cow than they
once did. The extension of the cows’ productive lives from around 10 years to 15-17 years is great until a large chunk of the cows hit
the upper limit. This respondent and others look for some higher heifer retention later this year and into 2011.
Our favorite response, though, was this: “Cows are my golf so my grandson and I rebuilt the corral last summer and are working on fences
this summer between soccer games. We’ll take 1/2 day of vacation tomorrow to see [him] play in the under-14 state championship
Vol. 8, No. 150, August 4, 2010
Thank you to all DLR readers who dropped an e-mail
to share their take on the level of beef cow slaughter this year
and what may be driving it. This is obviously an important issue
to many people — and it popped up last week during the National
Cattleman’s Beef Association (NCBA) summer conference in Denver.
The agenda included a panel discussion about the shrinking
U.S. beef cow herd and what could be done to stop the decline.
NCBA Chief Economist Greg Doud noted during the discussion that
the U.S. beef cow herd has declined in 12 of the past 14 years. The
only two annual increases were observed in 2005 and 2006. Not
coincidentally, those increases followed RECORD-HIGH cow-calf
profits of nearly $150/cow in 2004 and 2005. We believe there is
causation— not just correlation — in that “expansion follows profits”
relationship.
We do appreciate the fact that none of the responses to
last week’s edition began with some version of “Dear idiot . . “ The
e-mails were drenched in true concern about what is happening this
year to the beef cow herd. Most agreed with Dr. Plain’s idea that
the economy and tight dollars — or the need to generate dollars
from anywhere, even if that means selling the small cow herd — are
a key factor in this year’s cow movement. But several other factors
were also identified:
Producer age — and especially the age of some of those smaller
herd operators—was a common theme. It was also a point
of emphasis at the NCBA panel discussion. We concur with
that idea, of course, but would point out that average operator
age has been progressing for a long, long time. Has it just
recently hit a critical level? We doubt that. A more plausible
age-related situation would be that the combination of age and
cash needs is MUCH greater than either factor alone. We
could not find any Census data on age of beef cow operators
— but we agree that this is a major factor.
Loss of acres to crops. Several responses pointed to examples
of pasture land that has been or is being broke out for cash
grain production. The recent persistence of $3-plus corn, $9-
plus beans and $5-plus wheat has certainly created big incentives
to put more acres to the plow and this loss of pasture will
have a negative impact in some areas. One comment said “I
remember how many pasture acres were lost in the 1970s for
the same reason” — ie. conversion to crops. These paradigm
shifts have VERY LONG TAILS!
Some pressure is being exerted on cows on public lands as well. While we believe that most of these cows are in larger operations,
increasing pressure to reduce stocking levels will definitely contribute to higher beef cow slaughter in the short run.
An aging cow herd that has “hit the wall.” This comment was based on many producers getting far more calves from a cow than they
once did. The extension of the cows’ productive lives from around 10 years to 15-17 years is great until a large chunk of the cows hit
the upper limit. This respondent and others look for some higher heifer retention later this year and into 2011.
Our favorite response, though, was this: “Cows are my golf so my grandson and I rebuilt the corral last summer and are working on fences
this summer between soccer games. We’ll take 1/2 day of vacation tomorrow to see [him] play in the under-14 state championship
Tuesday, August 3, 2010
Daily Livestock Report For 08/03/2010 - Pork bellies hit all time record highs
Market Comments
It seems like everybody is talking about the high price of
fresh bellies, and for good reason. On Monday, USDA printed
the price of fresh pork bellies traded in the spot market (all
weight ranges) at $140 /cwt, the highest prices since at least
1996, when USDA began tracking the current weight ranges and
likely the highest price ever paid for fresh or frozen pork bellies. It
is kind of interesting that belly prices are now trading some 18
cents over the price of pork loins. There was a time when lean was
the name of the game as the industry was trying hard to beat
chicken and the “other white meat” phrase was born. At least at
the moment the consumer is opting for more flavor and those crisp
slices of fatty pork sure fit the bill.
The rise in the price of pork bellies is partly seasonal.
Much of the commentary in the press mentioned the high use of
bacon in the summer for BLT sandwiches. Also there is the proliferation
in the use of bacon as a flavor enhancer in the foodservice
industry, with many chicken and hamburger sandwiches getting a
slice or two of bacon for good measure. These are arguments that
we heard in the summer of 2004 as well and they reflect some of the
fundamentals driving the belly market at this time of year. What
they do not explain is what makes 2010 so different from other
years. Consumers did not discover BLT sandwiches in the summer
of 2010 and bacon has been burrowing its way in the menus of high
end and fast food restaurants for almost a decade. Part of the reason
is the price of hogs. While pork belly prices are sky high as the
top chart shows, the ratio of pork bellies to the price of hogs (i.e. the
relative price of the two) shows only modest variations in the last
five years (bottom chart). Indeed, in this respect the summer of
2003 and 2004 appears much more impressive since belly prices at
the time rose much faster than the price of hogs. With hog prices in
the mid 80s, bellies at 120-140 actually do not seem that crazy.
Another factor influencing belly prices this summer is the behavior of end users coming into the high demand time of year. End
users, be this retailers or foodservice operators, have always recognized the pick up in demand for bellies during the summer, as
evidenced by the normal buildup in belly freezer stocks during the spring. Hog production is down in the summer while belly demand
is up and users smooth out some of the price spikes by carrying over some winter and spring stocks. Last year, however, the
strategy did not seem to work and belly prices collapsed into the summer with prices in July at about the same level as in March
and then sharply lower in August. This year end users trimmed inventories, partly because of very high hog prices in the spring.
On June 1, freezer stocks were half of what they were the previous year. Pork production last week was 6.8% lower than a year
Vol. 8, No. 149 / August 3, 2010
PRICE OF 14-16# FRESH PORK BELLIES, USDA, WT. AVG.
0.020.040.060.080.0100.0120.0140.0160.019961998200020022004200620082010RATIO OF PORK BELLIES TO LEAN HOG CARCASS (IA/MN)
0.00.51.01.52.02.53.019961998200020022004200620082010$/CWTRATIO
ago (see yesterday’s DLR) and with freezers empty, end users are forced to pay top dollar for that additional spot load.
Get free real time CME Globex quotes at www.cmegroup.com/elivestockquotes.
The Daily Livestock Report is published by Steve Meyer and Len Steiner. Please forward to others that may benefit from this information.
To subscribe/unsubscribe visit www.dailylivestockreport.com.
Disclaimer: The Daily Livestock Report is intended solely for information purposes and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade any
commodities or securities whatsoever. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are
attempted. Futures trading is not suitable for all investors, and involves the risk of loss. Past results are no indication of future performance. Futures are a leveraged investment, and because only a percentage of a contract’s
value is require to trade, it is possible to lose more than the amount of money initially deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyle.
And only a portion of those funds should be devoted to any one trade because a trader cannot expect to profit on every trade.
CME Group is the trademark of CME Group, Inc. The Globe logo, Globex® and CME® are trademarks of Chicago Mercantile Exchange, Inc. CBOT® is the trademark of the Board of Trade of the City of Chicago. NYMEX,
New York Mercantile Exchange, and ClearPort are trademarks of New York Mercantile Exchange. Inc. COMEX is a trademark of Commodity Exchange, Inc. Copyright © 2009 CME Group. All rights reserved.
Market Comments
It seems like everybody is talking about the high price of
fresh bellies, and for good reason. On Monday, USDA printed
the price of fresh pork bellies traded in the spot market (all
weight ranges) at $140 /cwt, the highest prices since at least
1996, when USDA began tracking the current weight ranges and
likely the highest price ever paid for fresh or frozen pork bellies. It
is kind of interesting that belly prices are now trading some 18
cents over the price of pork loins. There was a time when lean was
the name of the game as the industry was trying hard to beat
chicken and the “other white meat” phrase was born. At least at
the moment the consumer is opting for more flavor and those crisp
slices of fatty pork sure fit the bill.
The rise in the price of pork bellies is partly seasonal.
Much of the commentary in the press mentioned the high use of
bacon in the summer for BLT sandwiches. Also there is the proliferation
in the use of bacon as a flavor enhancer in the foodservice
industry, with many chicken and hamburger sandwiches getting a
slice or two of bacon for good measure. These are arguments that
we heard in the summer of 2004 as well and they reflect some of the
fundamentals driving the belly market at this time of year. What
they do not explain is what makes 2010 so different from other
years. Consumers did not discover BLT sandwiches in the summer
of 2010 and bacon has been burrowing its way in the menus of high
end and fast food restaurants for almost a decade. Part of the reason
is the price of hogs. While pork belly prices are sky high as the
top chart shows, the ratio of pork bellies to the price of hogs (i.e. the
relative price of the two) shows only modest variations in the last
five years (bottom chart). Indeed, in this respect the summer of
2003 and 2004 appears much more impressive since belly prices at
the time rose much faster than the price of hogs. With hog prices in
the mid 80s, bellies at 120-140 actually do not seem that crazy.
Another factor influencing belly prices this summer is the behavior of end users coming into the high demand time of year. End
users, be this retailers or foodservice operators, have always recognized the pick up in demand for bellies during the summer, as
evidenced by the normal buildup in belly freezer stocks during the spring. Hog production is down in the summer while belly demand
is up and users smooth out some of the price spikes by carrying over some winter and spring stocks. Last year, however, the
strategy did not seem to work and belly prices collapsed into the summer with prices in July at about the same level as in March
and then sharply lower in August. This year end users trimmed inventories, partly because of very high hog prices in the spring.
On June 1, freezer stocks were half of what they were the previous year. Pork production last week was 6.8% lower than a year
Vol. 8, No. 149 / August 3, 2010
PRICE OF 14-16# FRESH PORK BELLIES, USDA, WT. AVG.
0.020.040.060.080.0100.0120.0140.0160.019961998200020022004200620082010RATIO OF PORK BELLIES TO LEAN HOG CARCASS (IA/MN)
0.00.51.01.52.02.53.019961998200020022004200620082010$/CWTRATIO
ago (see yesterday’s DLR) and with freezers empty, end users are forced to pay top dollar for that additional spot load.
Get free real time CME Globex quotes at www.cmegroup.com/elivestockquotes.
The Daily Livestock Report is published by Steve Meyer and Len Steiner. Please forward to others that may benefit from this information.
To subscribe/unsubscribe visit www.dailylivestockreport.com.
Disclaimer: The Daily Livestock Report is intended solely for information purposes and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade any
commodities or securities whatsoever. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are
attempted. Futures trading is not suitable for all investors, and involves the risk of loss. Past results are no indication of future performance. Futures are a leveraged investment, and because only a percentage of a contract’s
value is require to trade, it is possible to lose more than the amount of money initially deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyle.
And only a portion of those funds should be devoted to any one trade because a trader cannot expect to profit on every trade.
CME Group is the trademark of CME Group, Inc. The Globe logo, Globex® and CME® are trademarks of Chicago Mercantile Exchange, Inc. CBOT® is the trademark of the Board of Trade of the City of Chicago. NYMEX,
New York Mercantile Exchange, and ClearPort are trademarks of New York Mercantile Exchange. Inc. COMEX is a trademark of Commodity Exchange, Inc. Copyright © 2009 CME Group. All rights reserved.
Daily Livestock Report for 3 Aug 2010
Market Comments
Livestock futures ended the week on a high note as most hog
and cattle contracts continued to build on earlier gains. Sharply highergrain prices are clearly negative for producer profitability going forward
and higher cattle and hog prices reflect the higher costs of doingbusiness later this year and in 2011. 2011 corn futures are above $4
per bushel despite expectations of good yields this fall. The rise in corn
prices, they are up by more than 60 cents or 18% since late June, has in
part resulted from a reassessment of current corn stocks. Both the supply
and quality of corn appears to be worse than previously thought.
More recently grain markets have been buoyed by reports of wheat croptroubles in Russia and other former Soviet countries. As it was the
case with Australia a couple of years ago, it takes time for the full extent
of the damage to become known and we are seeing reports of even
lower production prospects for wheat, barley and other grains in that
part of the world. December Chicago wheat prices were up by more 34cents per bushel on Friday and for the week they gained some 74 centsper bushel. For the week, Dec corn and Nov soybeans were up 24 and
26 cents, respectively.
In addition to a more bullish outlook for grain prices later this
year and in 2011, livestock futures have also benefited from strong
grains in product markets. Pork continues to lead the parade, with
very strong prices for a number of items. Pork bellies hit $135 /cwt this
week, a new all time record. August belly futures on Friday were
$103.5 /cwt, which is not all that unusual as basis levels tend to be the
highest during this time of year. Pork supplies are very tight despite
relatively high carcass weights for this time of year. Hog slaughter for
the week was reported to be 7.3% lower than the previous year andeven with the gains in carcass weights, total production for the weekwas down 6.8%. Note that carcass weights for the last two weeks areconsidered provisional and we will see if USDA goes backs and revises
them lower, which was the case earlier in July. On the one hand, hot
and humid weather should contribute to lower weights especially as
temperatures in key production areas are higher than a year ago. However, we suspect that very strong pork prices have encouraged
producers to be very aggressive in feeding animals and maybe hold them on feed a bit longer. After all, hog slaughter since
June 1 (latest Hogs and Pigs report date) has been on average 4.6% lower than a year ago. Based on the USDA hogs and pigs inventory
numbers, slaughter for the period in question should have been around 3% lower than the previous year.
on the other hand remain well below year ago levels and also below the five year average. It is understandable that with more
cows in the slaughter mix weights will be lower but the magnitude of the decline points to a more dramatic change in both the cattle
being placed on feed as well as feed rations and rate of weight gains.
Vol. 8, No. 147 / July 30, 2010
810
DRESSED CARCASS WEIGHT, ALL CATTLE, POUNDS
Data through Week Ending July 31, 2010
800
790
780
770
760
740
750
Jan Feb Mar Apr May Jun Jul Aug
2005-09 Avg.
Sep Oct
2009
Nov Dec
2010
206
DRESSED CARCASS WEIGHT, ALL HOGS, POUNDS
Data through Week Ending July 31, 2010
204
202
200
198
194
196
Jan Feb Mar Apr May Jun Jul Aug
2005-09 Avg.
Sep Oct
2009
Nov Dec
2010
Cattle weights,
Get free real-time CME Globex quotes at www.cmegroup.com/elivestockquotes.
The Daily Livestock Report is published by Steve Meyer and Len Steiner. Please forward to others that may benefit from this information.
To subscribe/unsubscribe visit www.dailylivestockreport.com.
Disclaimer: The Daily Livestock Report is intended solely for information purposes and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade any
commodities or securities whatsoever. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are
attempted. Futures trading is not suitable for all investors, and involves the risk of loss. Past results are no indication of future performance. Futures are a leveraged investment, and because only a percentage of a contract’s
value is require to trade, it is possible to lose more than the amount of money initially deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyle.
And only a portion of those funds should be devoted to any one trade because a trader cannot expect to profit on every trade.
CME Group is the trademark of CME Group, Inc. The Globe logo, Globex® and CME® are trademarks of Chicago Mercantile Exchange, Inc. CBOT® is the trademark of the Board of Trade of the City of Chicago. NYMEX,
New York Mercantile Exchange, and ClearPort are trademarks of New York Mercantile Exchange. Inc. COMEX is a trademark of Commodity Exchange, Inc. Copyright © 2009 CME Group. All rights reserved.
Page 2
Vol. 8, No. 147 / July 30, 2010
PRODUCTION & PRICE SUMMARY Week Ending 7/31/2010
Item Units Last Week Prior Week Pct. Change Last Year Pct. Change 2010 YTD
Y/Y %
Change
31-Jul-10 24-Jul-10 1-Aug-09
C
A
T
T
L
E
FI Slaughter
FI Cow Slaughter **
Avg. Live Weight
Avg. Dressed Weight
Beef Production
Thou. Head
Thou. Head
Lbs.
Lbs.
Million Lbs.
654
120
1281
772
503.4
666
101
1281
770
511.5
-1.80%
18.34%
0.00%
0.26%
-1.58%
641
116
1288
786
500.7
2.04%
3.28%
-0.54%
-1.78%
0.54%
19,433
3,491
1,272
766
14,822
1.3%
4.0%
-1.4%
-1.9%
-0.7%
Live Fed Steer Price
Dressed Fed Steer Price
OKC Feeder Steer Price
Beef Cutout Value
Hide/Offal
$ per cwt
$ per cwt
619-700 Lbs.
619-900 Ch.
$/cwt
92.87
147.85
97.00
154.01
10.55
94.79
150.44
96.04
154.94
10.65
-2.03%
-1.72%
0.99%
-0.60%
-0.94%
82.10
131.35
97.58
142.53
8.23
13.12%
12.56%
-0.59%
8.05%
28.19%
H
O
G
S
FI Slaughter
FI Sow Slaughter **
Avg. Dressed Weight
Pork Production
Thou. Head
Thou. Head
Lbs.
Million Lbs.
1,949
56.4
202.0
392.9
1,955
51.9
202.0
394.2
-0.31%
8.59%
0.00%
-0.33%
2,103
64.6
201.0
421.7
-7.33%
-12.74%
0.50%
-6.83%
61,624
1,633
203
12,520
-4.0%
-6.7%
0.1%
-4.0%
Iowa-S. Minn. Direct
Natl. Base Carcass Price
Natl. Net Carcass Price
Pork Cutout
Wtd. Avg.
Wtd. Avg.
Wtd. Avg.
185 Lbs.
80.85
78.69
81.38
88.43
78.08
75.40
78.04
83.83
3.55%
4.36%
4.28%
5.49%
54.94
59.13
61.29
60.85
47.16%
33.08%
32.78%
45.32%
C
H
I
C
K
E
N
Young Chicken Slaughter *
Avg. Weight
Chicken Production
Eggs Set
Chicks Placed
Million Head
Lbs.
Million Lbs.
Million
Million Head
166.6
5.50
916.5
208.3
169.4
163.0
5.55
904.8
208.8
173.8
2.22%
-0.90%
1.30%
-0.23%
-2.53%
160.7
5.48
880.9
201.4
167.0
3.67%
0.36%
4.05%
3.44%
1.45%
4,642
5.57
25,855
6,207
5,104
2.4%
1.4%
3.8%
1.7%
0.7%
12-City Broiler Price
Georgia Dock Broiler Price
Composite
2.5-3 Lbs.
82.14
86.91
85.38
87.08
-3.79%
-0.20%
79.32
87.12
3.56%
-0.24%
T
U
R
K
Young Turkey Slaughter *
Avg. Weight
Turkey Production
Million Head
Lbs.
Million Lbs.
4.567
28.46
130.0
4.606
28.86
132.9
-0.85%
-1.39%
-2.22%
4.863
28.17
137.0
-6.09%
1.03%
-5.12%
125.605
29.70
3,730
-4.4%
1.8%
-2.7%
Eastern Region Hen Price 8-16 Lbs. 95.17 93.50 1.79% 81.20 17.20%
G
R
A
I
N
Corn, Omaha
DDGs, Minnesota
Wheat, Kansas City
Soybeans, S. Iowa
Soybn Meal, 48% Decatur
$ per Bushel
$ per Ton
$ per Bushel
$ per Bushel
$ per Ton
3.58
94.00
5.62
10.49
329.90
3.37
96.00
5.06
10.47
325.20
6.23%
-2.08%
11.07%
0.19%
1.45%
3.20
73.50
5.34
11.18
383.80
11.88%
27.89%
5.24%
-6.17%
-14.04%
* Chicken & turkey slaughter & production are 1 week earlier than the date at the top of this sheet.
** Cow and sow slaughter reflect levels from two weeks ago due to reporting lag.
Disclaimer: The Daily Livestock Report is intended solel for information purposes and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade any
commodities or securities whatsoever. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are
attempted. Futures trading is not suitable for all investors, and involves the risk of loss. Past results are no indication of future performance. Futures are aleveraged investment, and because only a percentage of a contract’s
value is require to trade, it is possible to lose more than the amount of money initially deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyle. And
only a portion of those funds should be devoted to any one trade because a trader cannot expect to profit on every trade.
Market Comments
Livestock futures ended the week on a high note as most hog
and cattle contracts continued to build on earlier gains. Sharply highergrain prices are clearly negative for producer profitability going forward
and higher cattle and hog prices reflect the higher costs of doingbusiness later this year and in 2011. 2011 corn futures are above $4
per bushel despite expectations of good yields this fall. The rise in corn
prices, they are up by more than 60 cents or 18% since late June, has in
part resulted from a reassessment of current corn stocks. Both the supply
and quality of corn appears to be worse than previously thought.
More recently grain markets have been buoyed by reports of wheat croptroubles in Russia and other former Soviet countries. As it was the
case with Australia a couple of years ago, it takes time for the full extent
of the damage to become known and we are seeing reports of even
lower production prospects for wheat, barley and other grains in that
part of the world. December Chicago wheat prices were up by more 34cents per bushel on Friday and for the week they gained some 74 centsper bushel. For the week, Dec corn and Nov soybeans were up 24 and
26 cents, respectively.
In addition to a more bullish outlook for grain prices later this
year and in 2011, livestock futures have also benefited from strong
grains in product markets. Pork continues to lead the parade, with
very strong prices for a number of items. Pork bellies hit $135 /cwt this
week, a new all time record. August belly futures on Friday were
$103.5 /cwt, which is not all that unusual as basis levels tend to be the
highest during this time of year. Pork supplies are very tight despite
relatively high carcass weights for this time of year. Hog slaughter for
the week was reported to be 7.3% lower than the previous year andeven with the gains in carcass weights, total production for the weekwas down 6.8%. Note that carcass weights for the last two weeks areconsidered provisional and we will see if USDA goes backs and revises
them lower, which was the case earlier in July. On the one hand, hot
and humid weather should contribute to lower weights especially as
temperatures in key production areas are higher than a year ago. However, we suspect that very strong pork prices have encouraged
producers to be very aggressive in feeding animals and maybe hold them on feed a bit longer. After all, hog slaughter since
June 1 (latest Hogs and Pigs report date) has been on average 4.6% lower than a year ago. Based on the USDA hogs and pigs inventory
numbers, slaughter for the period in question should have been around 3% lower than the previous year.
on the other hand remain well below year ago levels and also below the five year average. It is understandable that with more
cows in the slaughter mix weights will be lower but the magnitude of the decline points to a more dramatic change in both the cattle
being placed on feed as well as feed rations and rate of weight gains.
Vol. 8, No. 147 / July 30, 2010
810
DRESSED CARCASS WEIGHT, ALL CATTLE, POUNDS
Data through Week Ending July 31, 2010
800
790
780
770
760
740
750
Jan Feb Mar Apr May Jun Jul Aug
2005-09 Avg.
Sep Oct
2009
Nov Dec
2010
206
DRESSED CARCASS WEIGHT, ALL HOGS, POUNDS
Data through Week Ending July 31, 2010
204
202
200
198
194
196
Jan Feb Mar Apr May Jun Jul Aug
2005-09 Avg.
Sep Oct
2009
Nov Dec
2010
Cattle weights,
Get free real-time CME Globex quotes at www.cmegroup.com/elivestockquotes.
The Daily Livestock Report is published by Steve Meyer and Len Steiner. Please forward to others that may benefit from this information.
To subscribe/unsubscribe visit www.dailylivestockreport.com.
Disclaimer: The Daily Livestock Report is intended solely for information purposes and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade any
commodities or securities whatsoever. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are
attempted. Futures trading is not suitable for all investors, and involves the risk of loss. Past results are no indication of future performance. Futures are a leveraged investment, and because only a percentage of a contract’s
value is require to trade, it is possible to lose more than the amount of money initially deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyle.
And only a portion of those funds should be devoted to any one trade because a trader cannot expect to profit on every trade.
CME Group is the trademark of CME Group, Inc. The Globe logo, Globex® and CME® are trademarks of Chicago Mercantile Exchange, Inc. CBOT® is the trademark of the Board of Trade of the City of Chicago. NYMEX,
New York Mercantile Exchange, and ClearPort are trademarks of New York Mercantile Exchange. Inc. COMEX is a trademark of Commodity Exchange, Inc. Copyright © 2009 CME Group. All rights reserved.
Page 2
Vol. 8, No. 147 / July 30, 2010
PRODUCTION & PRICE SUMMARY Week Ending 7/31/2010
Item Units Last Week Prior Week Pct. Change Last Year Pct. Change 2010 YTD
Y/Y %
Change
31-Jul-10 24-Jul-10 1-Aug-09
C
A
T
T
L
E
FI Slaughter
FI Cow Slaughter **
Avg. Live Weight
Avg. Dressed Weight
Beef Production
Thou. Head
Thou. Head
Lbs.
Lbs.
Million Lbs.
654
120
1281
772
503.4
666
101
1281
770
511.5
-1.80%
18.34%
0.00%
0.26%
-1.58%
641
116
1288
786
500.7
2.04%
3.28%
-0.54%
-1.78%
0.54%
19,433
3,491
1,272
766
14,822
1.3%
4.0%
-1.4%
-1.9%
-0.7%
Live Fed Steer Price
Dressed Fed Steer Price
OKC Feeder Steer Price
Beef Cutout Value
Hide/Offal
$ per cwt
$ per cwt
619-700 Lbs.
619-900 Ch.
$/cwt
92.87
147.85
97.00
154.01
10.55
94.79
150.44
96.04
154.94
10.65
-2.03%
-1.72%
0.99%
-0.60%
-0.94%
82.10
131.35
97.58
142.53
8.23
13.12%
12.56%
-0.59%
8.05%
28.19%
H
O
G
S
FI Slaughter
FI Sow Slaughter **
Avg. Dressed Weight
Pork Production
Thou. Head
Thou. Head
Lbs.
Million Lbs.
1,949
56.4
202.0
392.9
1,955
51.9
202.0
394.2
-0.31%
8.59%
0.00%
-0.33%
2,103
64.6
201.0
421.7
-7.33%
-12.74%
0.50%
-6.83%
61,624
1,633
203
12,520
-4.0%
-6.7%
0.1%
-4.0%
Iowa-S. Minn. Direct
Natl. Base Carcass Price
Natl. Net Carcass Price
Pork Cutout
Wtd. Avg.
Wtd. Avg.
Wtd. Avg.
185 Lbs.
80.85
78.69
81.38
88.43
78.08
75.40
78.04
83.83
3.55%
4.36%
4.28%
5.49%
54.94
59.13
61.29
60.85
47.16%
33.08%
32.78%
45.32%
C
H
I
C
K
E
N
Young Chicken Slaughter *
Avg. Weight
Chicken Production
Eggs Set
Chicks Placed
Million Head
Lbs.
Million Lbs.
Million
Million Head
166.6
5.50
916.5
208.3
169.4
163.0
5.55
904.8
208.8
173.8
2.22%
-0.90%
1.30%
-0.23%
-2.53%
160.7
5.48
880.9
201.4
167.0
3.67%
0.36%
4.05%
3.44%
1.45%
4,642
5.57
25,855
6,207
5,104
2.4%
1.4%
3.8%
1.7%
0.7%
12-City Broiler Price
Georgia Dock Broiler Price
Composite
2.5-3 Lbs.
82.14
86.91
85.38
87.08
-3.79%
-0.20%
79.32
87.12
3.56%
-0.24%
T
U
R
K
Young Turkey Slaughter *
Avg. Weight
Turkey Production
Million Head
Lbs.
Million Lbs.
4.567
28.46
130.0
4.606
28.86
132.9
-0.85%
-1.39%
-2.22%
4.863
28.17
137.0
-6.09%
1.03%
-5.12%
125.605
29.70
3,730
-4.4%
1.8%
-2.7%
Eastern Region Hen Price 8-16 Lbs. 95.17 93.50 1.79% 81.20 17.20%
G
R
A
I
N
Corn, Omaha
DDGs, Minnesota
Wheat, Kansas City
Soybeans, S. Iowa
Soybn Meal, 48% Decatur
$ per Bushel
$ per Ton
$ per Bushel
$ per Bushel
$ per Ton
3.58
94.00
5.62
10.49
329.90
3.37
96.00
5.06
10.47
325.20
6.23%
-2.08%
11.07%
0.19%
1.45%
3.20
73.50
5.34
11.18
383.80
11.88%
27.89%
5.24%
-6.17%
-14.04%
* Chicken & turkey slaughter & production are 1 week earlier than the date at the top of this sheet.
** Cow and sow slaughter reflect levels from two weeks ago due to reporting lag.
Disclaimer: The Daily Livestock Report is intended solel for information purposes and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade any
commodities or securities whatsoever. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are
attempted. Futures trading is not suitable for all investors, and involves the risk of loss. Past results are no indication of future performance. Futures are aleveraged investment, and because only a percentage of a contract’s
value is require to trade, it is possible to lose more than the amount of money initially deposited for a futures position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyle. And
only a portion of those funds should be devoted to any one trade because a trader cannot expect to profit on every trade.
Monday, August 2, 2010
ThePorkNetwork.com
Monday, August 2, 2010
Quotes Weather Video
In This Issue:
Doane Market Outlook: Hogs
Editorial: Chipotle Claims Its Food Has Integrity
Business Insights: Hog Futures Near 3-Month Highs As Tight Supplies Push Belly Prices To Record
Vietnamese Swine Producers Shopping In Nebraska
Farm Aid To Mark 25th Anniversary In Milwaukee
Study Claims Conventional Ag Limits Greenhouse Gas
U.S. Department Of Agriculture & DuPont Collaborate On New Test For Hard To Detect Foodborne Pathogens
Indiana State Fair's 'Year Of Pigs' Begins Friday
Report: Commitment Of Traders Grain
Video: China's Meat Consumption
Weather: Extreme Heat Grips Plains, Dry In The West
Doane Market Outlook: Hogs
Lean hog futures were higher on Monday. The October through April 2011 contracts set new highs today. Strength in pork prices last week, the rally in the stock and weakness in the dollar were supportive factors. The firm pork prices have helped benefit packer margins and cash trade was steady to higher on Monday morning. October ended 58 cents higher at $79.60 and December was 30 cents higher at $75.70.
Market Outlook Resource Center
Featured Article
Colleen Scherer
Managing Editor-
Ag Professional
Chipotle Claims Its Food Has Integrity
Chipotle recently unveiled a newly designed Web site in July that now features the company’s supply chain. The new site is the company’s newest marketing strategy to show its customers where their food comes from before it arrives at Chipotle.
More...
Business Insights
Hog Futures Near 3-Month Highs As Tight Supplies Push Belly Prices To Record
Hog futures climbed to the highest level in nearly three months today as a Midwest heat wave curbs shipments of slaughter-ready pigs, tightening pork supplies and sending pork belly prices to a record.
More...
More Articles
Vietnamese Swine Producers Shopping In Nebraska
Some of the largest swine producers in Vietnam are in Nebraska this week to learn more about genetics and feed and to possibly buy the products.
More...
Farm Aid To Mark 25th Anniversary In Milwaukee
Board Members Willie Nelson, John Mellencamp, Neil Young and Dave Matthews to headline Oct. 2 all-star music and food festival
More...
Study Claims Conventional Ag Limits Greenhouse Gas
Advances in conventional agriculture have dramatically slowed the flow of greenhouse gases into the atmosphere, in part by allowing farmers to grow more food to meet world demand without plowing up vast tracts of land, a study by three Stanford University researchers has found.
More...
U.S. Department Of Agriculture & DuPont Collaborate On New Test For Hard To Detect Foodborne Pathogens
DuPont and the U.S. Department of Agriculture have agreed to collaborate on the development of a new test for detecting hard-to-identify strains of toxin-producing E. coli that are not currently regulated and have been causing increased instances of food contamination and illness.
More...
Indiana State Fair's 'Year Of Pigs' Begins Friday
The Indiana State Fair's "Year of Pigs" will begin on Friday, drawing its theme from a state pork industry that's the fifth largest in the nation
More...
Monday, August 2, 2010
Quotes Weather Video
In This Issue:
Doane Market Outlook: Hogs
Editorial: Chipotle Claims Its Food Has Integrity
Business Insights: Hog Futures Near 3-Month Highs As Tight Supplies Push Belly Prices To Record
Vietnamese Swine Producers Shopping In Nebraska
Farm Aid To Mark 25th Anniversary In Milwaukee
Study Claims Conventional Ag Limits Greenhouse Gas
U.S. Department Of Agriculture & DuPont Collaborate On New Test For Hard To Detect Foodborne Pathogens
Indiana State Fair's 'Year Of Pigs' Begins Friday
Report: Commitment Of Traders Grain
Video: China's Meat Consumption
Weather: Extreme Heat Grips Plains, Dry In The West
Doane Market Outlook: Hogs
Lean hog futures were higher on Monday. The October through April 2011 contracts set new highs today. Strength in pork prices last week, the rally in the stock and weakness in the dollar were supportive factors. The firm pork prices have helped benefit packer margins and cash trade was steady to higher on Monday morning. October ended 58 cents higher at $79.60 and December was 30 cents higher at $75.70.
Market Outlook Resource Center
Featured Article
Colleen Scherer
Managing Editor-
Ag Professional
Chipotle Claims Its Food Has Integrity
Chipotle recently unveiled a newly designed Web site in July that now features the company’s supply chain. The new site is the company’s newest marketing strategy to show its customers where their food comes from before it arrives at Chipotle.
More...
Business Insights
Hog Futures Near 3-Month Highs As Tight Supplies Push Belly Prices To Record
Hog futures climbed to the highest level in nearly three months today as a Midwest heat wave curbs shipments of slaughter-ready pigs, tightening pork supplies and sending pork belly prices to a record.
More...
More Articles
Vietnamese Swine Producers Shopping In Nebraska
Some of the largest swine producers in Vietnam are in Nebraska this week to learn more about genetics and feed and to possibly buy the products.
More...
Farm Aid To Mark 25th Anniversary In Milwaukee
Board Members Willie Nelson, John Mellencamp, Neil Young and Dave Matthews to headline Oct. 2 all-star music and food festival
More...
Study Claims Conventional Ag Limits Greenhouse Gas
Advances in conventional agriculture have dramatically slowed the flow of greenhouse gases into the atmosphere, in part by allowing farmers to grow more food to meet world demand without plowing up vast tracts of land, a study by three Stanford University researchers has found.
More...
U.S. Department Of Agriculture & DuPont Collaborate On New Test For Hard To Detect Foodborne Pathogens
DuPont and the U.S. Department of Agriculture have agreed to collaborate on the development of a new test for detecting hard-to-identify strains of toxin-producing E. coli that are not currently regulated and have been causing increased instances of food contamination and illness.
More...
Indiana State Fair's 'Year Of Pigs' Begins Friday
The Indiana State Fair's "Year of Pigs" will begin on Friday, drawing its theme from a state pork industry that's the fifth largest in the nation
More...
Sunday, August 1, 2010
Cattle Network News.
Jolley: Five Minutes With Fred Casinelli – President & Chief Operating Officer, Sysco-Boston
Saturday, July 31st
Sysco is a major player in the food service business – maybe the ‘majorest’ player. I remember the concern that rippled through the meat processing business a few years ago when Sysco was on a major buying spree. They wanted to buy the best regional purveyors around the U.S. and they were willing to pay a nice sum for the privilege. Full Story...
--------------------------------------------------------------------------------
Are We Sending The Right Messages?
Fifty-seven percent of Americans perceive themselves to be overweight, says the new 2010 Food & Health Survey: Consumer Attitudes Toward Food Safety, Nutrition & Health, commissioned by the International Food Information Council Foundation. This fifth annual national quantitative study, designed to gain insights from consumers on important food safety, nutrition, and health-related topics, also indicates that based on respondents’ body mass index, one-third are obese, one-third are overweight and about one-third are ideal. Full Story...
How Would Stopping Illegal Immigration Impact Agriculture?
With the federal government beginning its challenge of the Arizona immigration law last week, the employment of illegal immigrants in agricultural jobs gained momentum again.
One estimate is that there are more than 13 million illegal immigrants living in the United States today. That is an amazing number when you consider this is about the population of the state of Illinois. Another way of explaining the number is that this is almost 5 percent of the population of the United States. Full Story...
Jolley: NCBA vs. CBB vs. State Federations – Can’t We All Just Get Along?
The folks at NCBA convened a press conference early this morning. It was called late in the day yesterday. A bunch of reporters showed up bright and early at 8:00 AM Denver time to listen to Forest Roberts, Scott George and Steve Fogelsong give a calm and reasoned response to CBB’s recent allegations. Full Story...
--------------------------------------------------------------------------------
More Articles
Schwieterman: Strong Bounce Revives Cattle Futures, Corn & Wheat Futures Higher
Young Producer Leaders Help Shape The Future Of The Industry
BeefTalk: Feeding Cattle Adds Balance To The Cow-Calf Operation
El Paso Settlement Agreement Threatens Ranchers’ Public-Lands Grazing Rights
What Women Want
Illinois Farmer Lends A Hand As Flood Waters Reach Cattle
South Texas Flood Damages At $40 Million & Climbing
Cow Death Prompts Call For Emergency Protocol
Jolley: Five Minutes With Fred Casinelli – President & Chief Operating Officer, Sysco-Boston
Saturday, July 31st
Sysco is a major player in the food service business – maybe the ‘majorest’ player. I remember the concern that rippled through the meat processing business a few years ago when Sysco was on a major buying spree. They wanted to buy the best regional purveyors around the U.S. and they were willing to pay a nice sum for the privilege. Full Story...
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Are We Sending The Right Messages?
Fifty-seven percent of Americans perceive themselves to be overweight, says the new 2010 Food & Health Survey: Consumer Attitudes Toward Food Safety, Nutrition & Health, commissioned by the International Food Information Council Foundation. This fifth annual national quantitative study, designed to gain insights from consumers on important food safety, nutrition, and health-related topics, also indicates that based on respondents’ body mass index, one-third are obese, one-third are overweight and about one-third are ideal. Full Story...
How Would Stopping Illegal Immigration Impact Agriculture?
With the federal government beginning its challenge of the Arizona immigration law last week, the employment of illegal immigrants in agricultural jobs gained momentum again.
One estimate is that there are more than 13 million illegal immigrants living in the United States today. That is an amazing number when you consider this is about the population of the state of Illinois. Another way of explaining the number is that this is almost 5 percent of the population of the United States. Full Story...
Jolley: NCBA vs. CBB vs. State Federations – Can’t We All Just Get Along?
The folks at NCBA convened a press conference early this morning. It was called late in the day yesterday. A bunch of reporters showed up bright and early at 8:00 AM Denver time to listen to Forest Roberts, Scott George and Steve Fogelsong give a calm and reasoned response to CBB’s recent allegations. Full Story...
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More Articles
Schwieterman: Strong Bounce Revives Cattle Futures, Corn & Wheat Futures Higher
Young Producer Leaders Help Shape The Future Of The Industry
BeefTalk: Feeding Cattle Adds Balance To The Cow-Calf Operation
El Paso Settlement Agreement Threatens Ranchers’ Public-Lands Grazing Rights
What Women Want
Illinois Farmer Lends A Hand As Flood Waters Reach Cattle
South Texas Flood Damages At $40 Million & Climbing
Cow Death Prompts Call For Emergency Protocol
United Organizations of the Horse Press Release
FOR IMMEDIATE RELEASE
July 31, 2010
Contact:
Sue Wallis
307 680 8515 cell
307 685 8248 ranch
sue.wallis@unitedorgsofthehorse.org
National Conference of State Legislatures (NCSL) adopts new policy resolution calling for USDA inspection of horse meat.
The policy resolution was passed at the annual Legislative Summit held in Louisville, Kentucky on July 25-28, 2010. The policy was first reviewed and passed by the Agriculture and Energy Committee, and then passed at the Business Meeting of the 45 states in attendance. Policies which receive a super majority vote of more than 3/4 of the states attending give NCSL staff in Washington, D.C. the authority to lobby Congress on behalf of the position of the states.
USDA ante-and post mortem inspections are mandatory if an animal is to be sold as meat, and the animal must be slaughtered in a USDA-inspected facility. Federal appropriations law contains a prohibition on allowing federal dollars to be spent on salaries for inspectors who inspect horses before or after slaughter, making it impossible for operations that want to process horse meat within their borders to market this meat. Inspectors also cannot respond to a voluntary, fee-based inspection request to inspect horse meat. The National Conference of State Legislatures (NCSL) believes that these provisions unduly restrict states' action regarding horse slaughtering facilities within their borders. Therefore, NCSL calls upon Congress to remove these restrictions in existing law, and not insert similar provisions in subsequent appropriations bills or other legislative vehicles.
The closing of horse slaughter facilities in America has decimated the equine industry, and has curtailed the ability of states and tribes to control the numbers of excess and abandoned horses on their lands. Documented reports indicate an increase of 400% in the number of starved, abandoned, and neglected horses between 2008 and 2009 alone. This has resulted in unprecedented state budget increases and taxpayer costs at a time when states cannot afford unnecessary expense. It has severely impacted the livestock industry as a whole, and by eliminating the salvage value of horses has significantly reduced the market value of all horses. The loss of markets for horse meat for pet food, for the maintenance of zoo animals, and for byproducts has greatly impacted these sectors. The loss of horse products for export has eliminated more than
$42 million dollars of direct income for an already struggling sector of the livestock industry, not to mention millions of dollars in indirect costs because of the loss of value of individual animals. Given the current state of the horse processing industry, it is particularly important that the federal government not restrict access to inspection.
-End-
FOR IMMEDIATE RELEASE
July 31, 2010
Contact:
Sue Wallis
307 680 8515 cell
307 685 8248 ranch
sue.wallis@unitedorgsofthehorse.org
National Conference of State Legislatures (NCSL) adopts new policy resolution calling for USDA inspection of horse meat.
The policy resolution was passed at the annual Legislative Summit held in Louisville, Kentucky on July 25-28, 2010. The policy was first reviewed and passed by the Agriculture and Energy Committee, and then passed at the Business Meeting of the 45 states in attendance. Policies which receive a super majority vote of more than 3/4 of the states attending give NCSL staff in Washington, D.C. the authority to lobby Congress on behalf of the position of the states.
USDA ante-and post mortem inspections are mandatory if an animal is to be sold as meat, and the animal must be slaughtered in a USDA-inspected facility. Federal appropriations law contains a prohibition on allowing federal dollars to be spent on salaries for inspectors who inspect horses before or after slaughter, making it impossible for operations that want to process horse meat within their borders to market this meat. Inspectors also cannot respond to a voluntary, fee-based inspection request to inspect horse meat. The National Conference of State Legislatures (NCSL) believes that these provisions unduly restrict states' action regarding horse slaughtering facilities within their borders. Therefore, NCSL calls upon Congress to remove these restrictions in existing law, and not insert similar provisions in subsequent appropriations bills or other legislative vehicles.
The closing of horse slaughter facilities in America has decimated the equine industry, and has curtailed the ability of states and tribes to control the numbers of excess and abandoned horses on their lands. Documented reports indicate an increase of 400% in the number of starved, abandoned, and neglected horses between 2008 and 2009 alone. This has resulted in unprecedented state budget increases and taxpayer costs at a time when states cannot afford unnecessary expense. It has severely impacted the livestock industry as a whole, and by eliminating the salvage value of horses has significantly reduced the market value of all horses. The loss of markets for horse meat for pet food, for the maintenance of zoo animals, and for byproducts has greatly impacted these sectors. The loss of horse products for export has eliminated more than
$42 million dollars of direct income for an already struggling sector of the livestock industry, not to mention millions of dollars in indirect costs because of the loss of value of individual animals. Given the current state of the horse processing industry, it is particularly important that the federal government not restrict access to inspection.
-End-
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