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Martin Livestock / Kopp land and livestock |
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Around The Ring - Friday 13th of November 2009 07:58:13 AM |
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Martin Livestock Well this set is amazing and things at the sale arena are finally coming together, a total remodel in this recent weather has been a challange to say the least. Catalog is Online at Martinlivestockin.com or come by Martin's stalls at the NAILE for a drink and a visit about the cattle, some of the highlight open heifers will be on display though out the week. Kopp Land & Livestock Busy working on their catalog, this will be the best set they have ever offered and you wont want to miss it! Sign up on my contact us page to make sure you get on the mailing list for both of these great sales- See ya, at the the NAILE |
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Huston Cattle |
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From the Passenger Seat - Friday 13th of November 2009 07:50:05 AM |
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The video of the offering came in the mail yesterday and than is a good set of breds! Aftershocks make great cows and those sure looked like the right kind! I will be consulting for Mike's sale this year. He is a good cowman with a passon for breeding the right kind that will work and get the job done. Please give me a call on the cattle you are intresed in. 937-533-0169 Check out his website at HustonCattle.com |
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USDA Crop Reports |
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Industry News - Wednesday 11th of November 2009 02:41:07 PM |
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From OHIO COUNTRY JOURNAL - The USDA reports were out yesterday morning with the corn production expected to be 12.921 billion bushels. It was 13.018 last month.
Soybean production is forecast to be 3.319 Billion. That is larger than the 3.269 that the trade was expecting.
Ohio numbers came out Tuesday morning and if you normally read my e-mail closely then you would know that the Ohio NASS website has last years report and this years date. The e-mail report from NASS that came out was all wrong as it was the data from last year. Jim Ramey out at NASS field office at Reynoldsburg said the report should have shown no change in the corn at166 bushel average forecast. The soybeans were increased by two bushels to 48 bushels per acre. Both would be a new record yield for Ohio.
Here is the report from around Ohio from Ohio’s Country Journal. |
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It's so close... |
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Around The Ring - Tuesday 10th of November 2009 01:43:00 PM |
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Hi folks, you know the NAILE is just around the corner, Right? Just a few more days i will be there!! again incase you missed it I will be TWEETING the action as it happens follow me on Twitter as I will be posting show results while ringside! www.twitter.com/KevinMears |
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Cattle Feeders Create Some Gap...But Don't Get Caught Looking Back |
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Industry News - Tuesday 10th of November 2009 01:19:00 PM |
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Good info from Nevil Speer / cattletradecenter.com Finally some reprieve. October proved friendly to the fed market which showed signs of life during the month. It’s been six months since prices were this good – a very long six months if you’re a cattle feeder. Halloween finished the month out on an especially positive note. Cattle buyers bid generously; fed trade was solidly $2-2.50 higher than the previous week. The market finished the month at $87-8 - a far cry from just 30 days ago when cattle feeders saw trade encroaching $80.
October’s finish and November’s open places the market back at levels not seen since April. Moreover, weekly beef tonnage has exceeded last year’s mark five times in the past six weeks.
Cattle feeders have done an excellent job of negotiating and marketing cattle for the past several weeks. Unfortunately, commodity businesses never allow time to celebrate. I noted last month, “Just about the time it appears there might be some promise of better prices, or at least the establishment of firmer footing, the market gets trampled back to lower levels.” Therefore, the real test for the market is ahead of us. Can the market solidify last month’s achievement and tag on some additional upward momentum? Unfortunately, while spot prices have improved in recent weeks the longer-term prospects have diminished: December live cattle peaked near-term at $88 on October 23rd and have since reversed direction back to $85. The 4-week moving average provides some additional perspective where we currently stand. Despite recent gains, the fed steer 4-week moving average was $84 at the end of October – smack in the middle of the 2009’s high ($87) and low ($81), respectively.
There are several critical hurdles to overcome before declaring any type of major victory as we transition into the holiday season. First, live prices moved higher separate from any major upside for the wholesale market. As been the case all year, Choice boxed beef prices continue to trade in a relatively narrow range. The market has established fairly firm support at $135. However, cutout values persistently seem to hit resistance around $140 (with $145 being the upward bound in 2009). That reality was readily exhibited in recent weeks and will pressure further upside potential for the fed market. Second, the wholesale market’s virtual ceiling coupled with higher live prices of late has been at the packer’s expense. Processing margins have declined sharply during the past month (see second graph below).
While that’s expected seasonally, it establishes a tougher overtone for weekly negotiations - especially in a year like this (more on that later).
Switching gears to the production side, October’s cattle-on-feed report provided some valuable insight relative to decision making in the cow/calf sector. The report included the quarterly “number on feed by class” estimates. October’s numbers came in about as expected. Heifers were pegged at 38.3% of the total feedyard inventory - up only slightly from July’s figure (see graph below). But that’s key; it’s suggests no major reversal of the overall trend in recent years. The data reveals that cow/calf operators remain cautious about expansion. If August and September serve as indicators (and there’s no reason to believe they won’t be), there likely won’t be an unusually large number of heifer calves staying at home this fall to be developed as replacements. (January will be our next snapshot of the heifer population in feedyards coupled with the annual total cattle inventory which includes heifers retained for replacement purposes.)
On that note, looking ahead to 2010 from a broader perspective, the key to establishing some renewal for the beef complex will hinge on one single factor – revenue. That’s a theme for essentially all industries right now. There’s a limit to cost reduction and productivity gains– at some point top-line growth has to occur for business to prosper. Per that theme, one of the major cutbacks affecting beef spending has been at the restaurant / food-service level: consumers are eating out less and cooking at home more. The fourth illustration below outlines same-store restaurant sales for the most recent reported quarter (as of November 7) across a variety of publicly traded companies. Spending trends have been, and continue to be, away from high-end and mid-scale venues in favor of quick-serve outlets. That’s an important pattern! Domestically-derived premiums for beef sales stem from restaurant traffic; both travel and leisure dining are fundamental to beef expenditures.
Meanwhile, the Restaurant Performance Index (which reflects same-store sales, customer traffic, labor utilization and capital expenditures) is now amid a two-month decline and has experienced 23 consecutive months below 100 (indicating contraction). The outlook ahead, according to the National Restaurant Association, remains mixed. The real question becomes where and how will consumers rebound once the economy picks up steam? Will beef sales be proportional to GDP growth? Clearly, that’s going to be largely dependent on company travel budgets, individual vacation plans, and willingness to reinvigorate leisure dining habits.
The financial crisis has impacted the beef industry negatively during the past year; the hit has come in several forms. Most significantly, the consumer has gone (and is going) through a period of deleveraging the personal balance sheet. And in the end, consumer spending really hinges on how we feel – it’s an outcome of our perceptions about economic stability. That’s why monitoring indicators such as consumer confidence, household debt and unemployment are critically important. Until we see a major turnaround in those aspects within the economy, expectations within the beef complex need to be somewhat muted. That’s not a fun or necessarily pleasant message, but better to be defensive and pleasantly surprised than the other way around. Stay posted!
Source: Nevil C. Speer, PhD, MBA Western Kentucky University
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Twitter Updateds From NAILE |
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uncategorized - Friday 6th of November 2009 08:07:40 AM |
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Hi folks, you know the NAILE is just around the corner, Right? Well follow me on Twitter as I will be posting show results as they happen while ringside! Should be neat to try --- looking forward to the Market Steer Show, all the Jr Breedring Heifer shows and the Angus and Chi Shows.... Well check me out on twitter and see ya down the road. www.twitter.com/KevinMears |
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Drying Costs for the 2009 Corn Crop a Major Headache for Farmers in the Midwest |
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uncategorized - Friday 6th of November 2009 08:06:17 AM |
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From RON ON RON Fri, 06 Nov 2009 6:35:53 CST
OSU Grain Marketing Economist Dr. Kim Anderson says that harvest in the midwest is just beginning to crank up- and that there is concern about the high moisture percentages being seen in corn country. The cost to farmers for drying may run from 70 to 80 cents per bushel- taking away a good bit of the potential profitability for many of those producers.
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CPR |
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Industry News - Friday 6th of November 2009 06:49:21 AM |
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| from - Ohio Country Journal
The CRP acreage has now dropped to below the 32 million acres legislatively mandated. Of the acreage that was set to expire on Sept 30th 2,729,000 acres exited the program. There is really only one reason to exit the program and that is to return to production. So where will the 2.7 million acres show up in next years planting intentions? Acres exiting the program include 563K in Texas, 409.5K in Colorado, 330.7K in Kansas and 277K in the Dakota’s |
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Larry Campbell, Batesville, Indiana Master Stockman Passes |
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From the Passenger Seat - Monday 2nd of November 2009 08:25:00 AM |
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From Purdue Beef Blog Friend, father and great cattleman; Larry Campbell. 59, Passed away on his home
Sunday morning. This drew to the end of a very short and bitter battle with cancer.
Shortly after the Indiana State fair, Larry was diagnosed with cancer in multiple
organs and unfortunately most were quite advanced.
Larry was manager of Kopp land and livestock, (Batesville, In.)
where he had been employed for the last 23 years. This diversified operation
started as a backgrounding program and through the years has changed over to a
cow/calf and feedlot operation. While Larry managed all aspects of Kopp's cow/calf
program, he placed a special emphasis on 4H and show calf production. That was his
passion.
For the last decade under Larry’s leadership, and with the help of herdsman Tim
Schwab, Kopp's have been on the front line producing champions on every level
coast to coast with wins at majors including the American Royal, the National
Western and the North American International Livestock Exposition.
Larry's very capable eye and vision along with his God given talent helped him to
select and prepare a sire, Heat Seeker to the top as arguably the greatest club calf
sire in history. Heat Seeker, has fathered many top quality sires including Heat
Wave.
This December will mark the 7th Season Finale bred heifer sale an event that Larry
and good friend Scott Coffey created to feature the two firms breeding programs.
The Season Final event was one of the first of its kind this side of the Mississippi
River to feature an annual offering from just two firms, due in part to Larry’s
progressive vision. At the Producers Sale Arena in Hillsboro, Ohio late December
you’ll find standing room only as a testament to the belief in the program Larry has
built.
Larry's beliefs in life and the livestock business were simple and built from common
sense. Always be honest and strait forward with people and about your stock; treat
folks fair and with respect; and finally, stand behind your program, your cattle and
your word.
If you ever had the chance to meet and visit with Larry you would know that he was
a man of kindness and honesty who was quick to share a smile and a laugh. He was
proud of his “Down Home” roots, Kentucky Athletics, and the cattle produced at Kopp’s. And perhaps most of all, his dear friends in the cattle business, many who
were like family.
A memorial fund will be set up on Larry’s behalf to support Indiana 4-H and the
little league of Batesville. |
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