China, Renewable Diesel and Feed Costs
Basse talks of the ‘new realm’ for cattlemen.
China is buying one out of every four bushels of feed grains in the world, beef demand is at a recent high, and the food-vs.-fuel debate is reignited.
Market Closeout
Formulate answers and execute the plan.
I was talking to an industry veteran the other day who had seen his share of cattle cycles and industry battles. We were listing off the challenges we face that ranged from drought to Biden and everything in between. He didn’t commiserate with me, or tell me not to worry about those things that I can’t change. He responded with an interesting way to look at things.
The Proof Is In The Data
Carcass data validate AngusLink Genetic Merit Scorecard.
It works, and the research says so. Carcass data from 115,000 head confirm the AngusLinkSM Genetic Merit Scorecard® accurately predicts how cattle will perform in the real world.
The recent analysis from the American Angus Association draws on both historical records from past commercial programs and newer influxes of carcass data to validate the genetic measure.
Leverage Returning
CattleFax forecasts record beef demand, prospects for tighter supplies.
The beef cattle industry is bouncing back from the pandemic, and continued progress is expected in 2022. Beef prices are near record-high, and consumer and wholesale beef demand are both at 30-year highs as the U.S. and global economy recover. While drought remains a significant concern, with weather threatening pasture conditions in the Northern Plains and West, strong demand combined with higher cattle prices signal an optimistic future for the beef industry, according to CattleFax.
In The Cattle Markets
To wean or not to wean?
This year, cow-calf producers will see an increase in cost of production due mainly to the rise in feed and fuel prices. However, a corresponding increase in feeder-cattle prices has not yet occurred. The drought has exacerbated these high feed costs as high-quality grazing opportunities are limited, forcing some producers to begin supplementing with hay and silage earlier than normal.
The Link
What does ‘value’ mean exactly?
What does “value” mean exactly?
Is it a Black Friday sale you wait four hours for to hopefully get a deal? Or maybe it is when the dealership offers “0% interest, details apply.”
Marketing is powerful. That 0% interest deal, or sometimes the Black Friday deal, can save you money; however, for the deal to have true value, each individual has to make it fit their situation.
Protein PACT
Animal agriculture organizations launch ambitious new Protein PACT.
Twelve organizations representing farmers and companies who make the vast majority of America’s meat, poultry and dairy, as well as animal feed and ingredients, unveiled the Protein PACT for the People, Animals, and Climate of Tomorrow — the first joint initiative of its kind designed to accelerate momentum and verify progress toward global sustainable development goals across all animal protein sectors.
