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Brand Inspection to me is an almost necessity- especially in this part of the country....Not only to prevent the dishonest- but to keep the honest folks honest....
The Beef Checkoff is a great thing- that I supported from day one (even tho it created a lot more work for me in my Brand Inspection job) - but has been misdirected by the organization that has controlled it- the NCBA-that have become Packer Puppets- and that have not followed the wishes of the people paying the fees... And now you again hear the bellyaching and bitchin much like you heard 20+ years ago when it first went into effect...
Much like our government over the years hasn't followed the wishes of the taxpayers-- the controlling entities of the Checkoff haven't followed suit with the "beef tax"-- especially with supporting M-COOL, US born, raised, and slaughtered beef, and putting the Checkoff funds into supporting US ranchers over the foreign imports which the Packers were using to drive down US cattle prices... The Checkoff needs to be removed from NCBA's/Packers control- and misuse-- and it could be again a very beneficial tool for beef marketing...
If they followed the wish's of the beef tax payers- I wouldn't mind seeing it doubled to $2 to more closely match the checkoffs of our beef providing competing countries-- but as long as the NCBA/Packers control it- it won't happen... Folks will vote it down....
I had a good year- both with cattle and grain--and think we're in for some of the top years we've seen in Agriculture...Cattle and Grain...
I guess only time will tell..
Some Buyers/Traders told me months ago that Fats would be $1.10 by April (I was skeptical)... Now it looks like they may get there before then....
I always have to wonder if the new GIPSA head- old J Dudley's experience battling the packers monopoly isn't keeping them nervous- and a little more on the straight and narrow- and keeping them from using all their old tactics to manipulate down the prices....
The Beef Checkoff is a great thing- that I supported from day one (even tho it created a lot more work for me in my Brand Inspection job) - but has been misdirected by the organization that has controlled it- the NCBA-that have become Packer Puppets- and that have not followed the wishes of the people paying the fees... And now you again hear the bellyaching and bitchin much like you heard 20+ years ago when it first went into effect...
Much like our government over the years hasn't followed the wishes of the taxpayers-- the controlling entities of the Checkoff haven't followed suit with the "beef tax"-- especially with supporting M-COOL, US born, raised, and slaughtered beef, and putting the Checkoff funds into supporting US ranchers over the foreign imports which the Packers were using to drive down US cattle prices... The Checkoff needs to be removed from NCBA's/Packers control- and misuse-- and it could be again a very beneficial tool for beef marketing...
If they followed the wish's of the beef tax payers- I wouldn't mind seeing it doubled to $2 to more closely match the checkoffs of our beef providing competing countries-- but as long as the NCBA/Packers control it- it won't happen... Folks will vote it down....
I had a good year- both with cattle and grain--and think we're in for some of the top years we've seen in Agriculture...Cattle and Grain...
I guess only time will tell..
Some Buyers/Traders told me months ago that Fats would be $1.10 by April (I was skeptical)... Now it looks like they may get there before then....

I always have to wonder if the new GIPSA head- old J Dudley's experience battling the packers monopoly isn't keeping them nervous- and a little more on the straight and narrow- and keeping them from using all their old tactics to manipulate down the prices....
Cattle Futures Head for Huge Annual Gains
general admin posted on December 30, 2010 09:55 :: 20 Views
The following article is from Bloomberg:
Cattle Gain on Signs of Rising Meatpacker Demand; Hogs Are Little Changed
By Whitney McFerron
Cattle futures rose, heading for the biggest annual gain in 32 years, on signs that U.S. livestock supplies trail meatpacker demand. Feeder-cattle climbed to a record, and hogs were little changed.
Spot-market steers rose to $1.05 a pound on Dec. 28, the highest since November 2003, and may have sold for $1.06 yesterday in Kansas, said Chad Henderson, a market analyst with Prime Agricultural Consultants Inc. in Brookfield, Wisconsin. Wholesale choice beef climbed to a two-week high yesterday at $1.6282 a pound.
"Packers have bid up pretty aggressively for cattle," Henderson said. "There's a little tighter supply, and they want to secure their inventory. They'll push boxed beef up afterward, and see if there's any resistance."
Cattle futures for February delivery climbed 0.475 cent, or 0.4 percent, to $1.08725 a pound at 9:39 a.m. on the Chicago Mercantile Exchange. As of yesterday, futures were up 26 percent this year, heading for the biggest annual gain since 1978.
Feeder-cattle futures for March settlement gained 0.75 cent, or 0.6 percent, to $1.24825 a pound. Earlier, the price reached $1.2495, the highest since the commodity started trading in November 1971. As of yesterday, futures were up 29 percent this year.
Hog futures for February settlement rose 0.1 cent to 79.7 cents a pound. Earlier, the price reached 79.9 cents, matching yesterday's intraday peak, which was the highest since Aug. 3. Before today, the commodity was up 21 percent this year.