Tag Archives: cattle

Turn Around Tuesday-sort of. Market deals with outside market pressure from lack of talks from China. Pushes coming to D.C. to move forward with USMCA. Harvest delays, planting progress in South America. Cattle market could continue to move higher in the weeks ahead. Worries of heavier cattle coming to market. Hogs have seen some struggles.

 

Cattle market makes another day of new highs except for December.  Will this strong trade continue?  Firmer cash market last week.  Rumors we might see the Holcomb KS plant open earlier.  Average weights are above a year ago.  Lower grain markets.  Year ago today March Corn 2nd largest crop…but still at the same price today.  How much did the USDA WASDE glitch effect the markets?

The U.S. Meat Export Federation host’s their annual Strategic Planning Conference every November.

The meeting agenda is full of timely and informative topics. Wednesday’s opening general session will focus on the nexus of productivity, technology and sustainability. Thursday’s session will address the alternative protein arena. We have all seen and heard the hype and news coverage of these products, but how are they impacting our export markets? Hear about the expected near-term ramifications, future demand, trends and impacts on the red meat industry. Friday’s session will focus on U.S.-Asia trade relations, including an update on market access in Japan and China and the potential for future trade agreements with emerging Asian trading partners.

In addition to the general sessions, the Beef, Pork, Exporter and Feedgrain/Oilseed breakouts will provide in-depth discussion on topics relevant to each sector.  Registrants are welcome and encouraged to participate in all breakouts regardless of membership sector.

Dan Halstrom, USMEF president and CEO.  He says he is upbeat on exports…

When looking at Japan, Halstrom says he is looking beyond 2020…

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Joel Haggard is USMEF senior vice president, Asia Pacific.  He talks on the impact of African Swine Fever…

Haggard says there is a global strain to supply protein that is needed in feeding China…

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Nebraska Corn Board Member Adam Grabenstein talks about a general session discussion on sustainability…

This is his first meeting of the USMEF & Adam Grabenstein said there was a lot of information to bring back to Nebraska…

New lows in the corn on a Thursday as markets set up for the Friday WASDE Report. China continues to play a role in the markets both on the soybean & hog side of the trade. Demand for corn isn’t good, cattle crazy with export increases on the way.

 

Weather trying to help the last of the harvest…colder temperatures moving in will solidify fields.  Lower corn & soybeans.  Is the China Phase one being pushed off till December?  Odds are stronger it will be completed in 2019.  Friday WASDE report.  Brazil to get good rains. Propane shortages?  ASF-China has reopened the door to Canadian hogs & purchases from Europe-needing meat.

Is markets getting sick of the China situation.  Beans still see some strong demand & fresh Brazilian planting.  Is Brazil working to take away more markets from the United States?   Cattle market is setting up for some volatility in the markets.  Hogs undervalued on a global sector.

 

Weather in South America.  WASDE report a week away.  How will markets go heading into next week.  China another hold.  Basis harvest pressure heading into the weekend.  Could a soften be happening. What we are seeing in the dollar trade & its effects on the grain & livestock market.  Class 3 milk prices have had some excitement this week.  Vertical move higher in cattle market.  Beef packer margins continue to be strong as does exports.   Smart Money-no selling on this rally-does this mean there is more of a rally to go?  Brazilian Cattle prices.

WASHINGTON – National Cattlemen’s Beef Association Vice President, Government Affairs, Ethan Lane, released the following statement in response to a letter from U.S. Sens. John Thune (S.D.) and Mike Rounds (S.D.) regarding beef labeling practices:

“NCBA understands that the practices alleged in the letter from Senator Rounds and Senator Thune are a concern to cattle producers and we share a commitment to clear and truthful labeling. In August, in response to a proposal brought forward by our grassroots members, NCBA formed a working group to examine the prevalence of the alleged mislabeling practices. We are in the process of gathering information related to current industry labeling practices so we can fully understand the scope of the issue as we identify solutions that work for the industry.

“In general, NCBA members are opposed to requesting additional government regulation on our industry. Until we understand the scope of labeling practices currently being utilized, any rush to regulate is an irresponsible step that can create unnecessary and burdensome government mandates. NCBA is actively seeking information on beef labeling practices.

“The creation of government policy or regulation is a complex process that requires a thorough understanding of the problem and the involvement of many stakeholders. As our industry is fully aware, any rush toward government regulation can create unintended consequences that take years to unwind.”

WASHINGTON (Oct. 29, 2019) – National Cattlemen’s Beef Association (NCBA) Manager of Legislative Affairs and Market Regulatory Policy Darryl Blakey today released the following statement in response to the U.S. House Agriculture Committee’s approval of legislation reauthorizing the Commodity Futures Trading Commission (CFTC) —

“We’re pleased to see that the House Committee on Agriculture took the first step towards getting the U.S. CFTC reauthorized. The committee leadership has come together to move this legislation forward in a bipartisan fashion and having this approach has allowed all parties to be honest in their negotiations to build a constructive and sound legislative product that can equip the Commission for the markets our members face today.

“As a representative of true commercial end-users, NCBA has naturally been a part of this reauthorization process from the very beginning by being one of the first organizations knocking on the doors of Congress in the form of meeting with key offices and sending up a thorough letter of support and ideas for a potential CFTC reauthorization package. This included providing tools for reducing systemic risk, ensuring market integrity for end-users, and delivering regulatory consistency, while also considering the important role derivatives markets play in the ability of farmers, ranchers, and agribusinesses to hedge their risks efficiently and effectively.

“Our members are pleased to see that some of our original ideas are in the product today in the form of continued protection for end-users from regulatory burdens, enhancement of the agency’s regulatory tools, and establishing coordination between the Office of the Chief Economist and the Commission to consider a cost-benefit analysis before it’s rulemakings.

“NCBA hopes to continue supporting this legislation as it moves forward in the House, and to working with Congress on getting the CFTC reauthorized because cattlemen and cattlewomen continue to rely on the derivatives markets to manage business risk.”

WASHINGTON – Congressman Roger Marshall, M.D., (R-KS), along with Congressman Anthony Brindisi (D-NY), introduced The Real Marketing Edible Artificials Truthfully (MEAT) Act, to address deceptive labeling practices in alternative protein products Monday. The Real MEAT Act will codify the definition of beef for labeling purposes, reinforce existing misbranding provisions to eliminate consumer confusion, and enhance enforcement measures available to the USDA if the FDA fails to take appropriate action.

“Consumers should be able to rely on the information on food labels they see on the shelves to be truthful and not deceptive,” Rep. Marshall said. “For years now, alternative protein products have confused many consumers with misleading packaging and creative names for products. With this bill, consumers can be sure that the meat products they are buying are indeed real meat.”

“American families have a right to know what’s in their food,” Rep. Brindisi said. “Accurate labeling helps consumers make informed decisions and helps ensure families have access to a safe, abundant, affordable food supply. This bill is about safety and transparency, and will make sure that meat-lovers and vegans alike have the transparency and honest labels that can allow customers to make their own decisions.”

Kansas is home to thousands of hardworking cattlemen and women and it is important that beef producers are protected from false and harmful marketing claims.

“A growing number of fake meat products are clearly trying to mislead consumers about what they’re trying to get them to buy,” Jennifer Houston, NCBA President and Tennessee cattlewoman, said. “Consumers need to be protected from deceptive marketing practices, and cattle producers need to be able to compete on a fair, level playing field. We want to thank Congressmen Brindisi and Marshall for leading the way on this very important issue.”

“We appreciate Congressman Marshall stepping up in defense of KLA members and America’s consumers by introducing this bill aimed at greater labeling accountability for imitation meat products,” Kansas Livestock Association Chief Executive Officer Matt Teagarden said. “This legislation will rein in false labeling and clarify for consumers what is real beef and what is fake.”