Tag Archives: cattle

There was plenty to talk about coming off of the USDA report that sent corn, soybeans, and wheat sharply higher but also threw a wrench in cattle trade. Arlan is keeping an eye on weather in both South America and the Black Sea Region. He also breaks down cash trade in cattle and why hogs are still trying to sort out their latest report almost a week later.

 

  • Quarterly grain stocks report out on Wednesday
  • Yields are coming in better than expected
  • What do we do with grain coming off the combine?
  • China is set to go on holiday
  • Hogs went up fast
  • Cattle on feed report…chance for more cattle to come off grass faster?
  • Is some of the markets preparing for what can be said in tonight’s debate?
  • Nervousness over the next 6-8 weeks
  • Control what you can control

  • Officially entered the pre-election madness which will bring market volatility
  • We will get more wait & see to sell until this is all over
  • We are moving into the core weather worry for South America
  • Winter wheat issues in Russia…any issues here in the states? They are #1 exporter
  • Dairy update-there is some worries about post-election
  • Cattle on Feed Report-reaction
  • Hogs & Pigs Report-reaction

 

  • Change in the tone of the soybean trade…what does that mean for producers
  • Dollar trade
  • Equity indices what should we be looking for?
  • Volatility could set in as we get closer to the election
  • Where are the funds in soybeans?
  • The macro economics & how it will have an effect on grains
  • Double tops…how will that effect the cattle?

LINCOLN, NEB. – The Nebraska Farm Bureau (NEFB) has released the findings and policy recommendations of its Cattle Markets Task Force. The task force was charged with examining current Farm Bureau policy, providing policy recommendations, and providing input on what NEFB’s role should be in addressing concerns regarding cattle markets.

“Nebraska’s cattle industry is the largest segment of Nebraska agriculture and it’s critical to the economic well-being of our state. Listening to the concerns of our cattle producers regarding the challenges in the beef industry, we felt it was vital that we put together a group to do a deep dive on the issues surrounding cattle markets and develop a resource to aid our members in developing our organizational policy,” said Steve Nelson, Nebraska Farm Bureau president.

Over the course of five months, the NEFB Cattle Markets Task Force met online and in person with agriculture economists, cattle organizations, auction barn owners, feedlot managers, restaurant owners, and consultants in order to gain a better understanding of the entire beef supply chain and to develop recommendations for consideration by members as part of Nebraska Farm Bureau’s policy development process.

The group ultimately centered its work around six topics, including fed cattle markets, the Livestock Market Reporting Act, small and medium-sized packing facilities, beef packer market power, risk management and value-added programs, and mandatory country of origin labeling.

“The Nebraska Farm Bureau Cattle Markets Task Force members are to be commended for their work in giving careful and thoughtful consideration to many challenging issues facing the beef industry. We look forward to the delegate discussions on these issues during our annual meeting in December and subsequently the American Farm Bureau Annual Meeting in January where our official organizational policies will be determined,” said Nelson.

The Nebraska Farm Bureau Cattle Markets Task Force report summarizing the group’s findings and recommendations is available on the Nebraska Farm Bureau website at www.nefb.org.

Lincoln, Neb., Sept. 16, 2020— An upcoming Nebraska Extension webinar will feature Jay Rempe, senior economist with Nebraska Farm Bureau, discussing recent shocks in the cattle industry and producer response in the state.

“Troubles in the Cattle Markets: A Farm Organization’s Response” will be presented on Sept. 24 at noon by the extension Farm and Ranch Management team in the Department of Agricultural Economics, as part of its weekly webinar series.

Events over the last year have driven to the surface long-standing questions concerning the cattle markets and market structure, which have resulted in numerous proposals being offered in Washington D.C. In response, the Nebraska Farm Bureau created a task force of cattle producers to study current markets and offer policy suggestions and recommendations. Rempe will discuss recent market events, responses by producers, the task force’s work and what has been learned about Nebraska’s cattle industry relative to the country.

A graduate of the Department of Agricultural Economics at the University of Nebraska-Lincoln, Rempe majored in agribusiness as an undergraduate and earned a Master of Science in Agricultural Economics in 1993. As the senior economist at Nebraska Farm Bureau, he his responsible for agricultural economic outlook, policy analysis, research and education programs. He previously served as vice president of governmental relations for Farm Bureau.

Registration for the webinar is free and can be completed at farm.unl.edu/webinars.

Mike Zuzolo, Global Commodity Analytics, joins the Fontanelle Final Bell on a turn around Tuesday in the ag commodity markets. Zuzolo highlights that today’s pullback was bound to happen sooner rather than later. Still in the soybean complex it’s good to see the July contract holding the strong physiological level of ten dollars. Now the question becomes can the current run of Chinese demand and South American production workout to allow the rally to continue. Zuzolo also breaks down the current buys being made by China and how they compare in the big picture of the Phase One Trade Deal.

In the second half of the program Zuzolo talks funds in the ag commodities and livestock. Cattle may be starting to hit overbought levels despite the fact cattle seasonally are in a slump after the Labor Day holiday. The conversation ends on the importance African Swine Fever still has on the markets.

Catch the full show here:

College students have a unique opportunity to attend the 2021 Cattle Industry Convention and NCBA Trade Show in Nashville, Tennessee, February 1-5 next year.

The National Cattlemen’s Beef Association is looking for a team of interns to gain firsthand experience and be able to interact with leaders of every segment of the cattle and beef industry. The group needs up to 18 interns to perform vital tasks to help with the success of the largest annual meeting in the U.S. beef cattle industry. Interns will help many different staff members and attendees with meetings and events and should be prepared to handle a wide range of responsibilities, which could include setting up the indoor arena, assisting at committee meetings and Cattle College, as well as posting on social media and contributing in the NCBA booth.

NCBA will also provide students with time to maximize industry networking. Students must be at least a junior-level college student, have a background in or working knowledge of cattle and beef, and have a minimum GPA of 3.0. Go to the NCBA website for more information. The deadline for applying is October 23.