OldDog/NewTricks
Well-known member
Market Review -
This week I want to talk a little about the cow market. Milk prices are down and the continual flow of dairy cows to the market has kept plenty of cows in front of the packer. Winter drought conditions in the Central US forced cow liquidation sooner than what normally would happen, putting pressure on our market earlier. The fat cattle market continues to be lower and that has had a negative impact on our cow beef also. These three factors lead me to believe we will not see the $60 cows we predicted earlier this year. While the supply of cows and bulls is short on the beef side, outside influences want to keep that market in check. Even earlier in the week I thought we might see these cows move up but, it looks like our cow market is going to trade around $50 up or down through out the spring unless we could have some positive things happen to move the cows and bulls fully up, but I wouldn't count on it.
We are hosting a special meeting on Animal ID in early April. The USDA; the Northwest Pilot Project; the CA Dept. of AG; the Montana Beef Network; and several Western Markets will be looking at our Animal Identification Program. It will be two days of learning how our computers; electronic readers; and tagging works. It's exciting to have put so much effort into a project like this and then be able to show others Animal ID really can work. While most of these people are primarily interested in the logistics and the technical side of our Animal ID program a few are also excited to learn about the positive affect on our market and the part they can play in that also.
Have a great week.
Jim Warren
[email protected]
http://www.101livestock.com
This week I want to talk a little about the cow market. Milk prices are down and the continual flow of dairy cows to the market has kept plenty of cows in front of the packer. Winter drought conditions in the Central US forced cow liquidation sooner than what normally would happen, putting pressure on our market earlier. The fat cattle market continues to be lower and that has had a negative impact on our cow beef also. These three factors lead me to believe we will not see the $60 cows we predicted earlier this year. While the supply of cows and bulls is short on the beef side, outside influences want to keep that market in check. Even earlier in the week I thought we might see these cows move up but, it looks like our cow market is going to trade around $50 up or down through out the spring unless we could have some positive things happen to move the cows and bulls fully up, but I wouldn't count on it.
We are hosting a special meeting on Animal ID in early April. The USDA; the Northwest Pilot Project; the CA Dept. of AG; the Montana Beef Network; and several Western Markets will be looking at our Animal Identification Program. It will be two days of learning how our computers; electronic readers; and tagging works. It's exciting to have put so much effort into a project like this and then be able to show others Animal ID really can work. While most of these people are primarily interested in the logistics and the technical side of our Animal ID program a few are also excited to learn about the positive affect on our market and the part they can play in that also.
Have a great week.
Jim Warren
[email protected]
http://www.101livestock.com
