Cattle producers and industry members from the U.S., Canada and beyond gathered at NCBA 2012 to talk about the state of the industry, the triumphs and the challenges. As we look further ahead into 2012, the challenges for the margin operator don’t seem to get any easier. In fact, you could say that it looks… Read More
The World Trade Organization’s ruling on the country of origin labelling (COOL) legislation brought some small sense of victory to the Canadian beef industry. The excitement over that victory was short-lived however as producers realized that any tangible results stemming from that ruling would be a long way off. The potential for an appeal by… Read More
This years NCBA conference saw a more positive outlook from producers and industry members than there has been for a while. That outlook comes with some qualifiers as well as some questions that have to be answered as we look ahead to the rest of 2012. I spoke to Duane Lenz of CattleFax about the… Read More
If you’re in the cattle feeding business, you know how tight margins are. With feed costs continuing to be expensive and feeder prices looking toward potential record highs this year, the importance of improving feed efficiency becomes magnified. Watching cattle struggle through wet pens to get to that feed in the spring can be hard… Read More
If a person were to describe the overall mood of this year’s NCBA Conference, it would be descibed as price bullish and margin bearish. As we have mentioned before, it’s a cautious optimism for feeders and packers, which comes with a recognition of the volatility that producers have gone through and are also facing in the future…. Read More
As the cattle industry contemplates the rebuilding of the cow herd, bull selection strategies will become incredibly important to ranchers profitability in the future. Once better known as an art, bull selection is a science now. Gone are the days when an old cowboy could walk out into a pen and say, “I like the… Read More
There has been quite a bit of commentary in the media recently from certain farm groups like the NFU and R-Calf regarding the need to eliminate or more strictly regulate speculators in the market. Interest in commodities has greatly increased in recent years which has increased the volume of speculators trading in corn, beef and… Read More
With the global population expected to grow to 9 billion in a short period of time, the role of technology in feeding the world is debated at many conferences worldwide. Technology must play a role in the future of food or the battle versus hunger is going to be a very scary proposition. Food economics… Read More
With growing concern over the realities of a limited calf supply do to the aggressive culled cow rate in the past five years. Ranchers are optimistic in their economic future because of the barriers of re-entry and the inability for supply to increase in the near term. I discussed the cow calf supply issue with… Read More
It seems that a cowboy is judged by a couple different metrics. He’s judged by the way he wears his cowboy hat, the brand of chew he carries, and the kind of boots he wears. I really have none of those since I don’t wear a hat, don’t chew and never wear boots. How would… Read More
With the volatility in the marketplace, producers need to be actively involved in managing risk. There is a multitude of tools available to producers. Some are simple and some are more complex. One of the more useful tools that is maybe a little more challenging for producers to wrap their heads around is options. Using… Read More
I have now been to the NCBA twice and both were very interesting experiences. In 2010, the cattle industry was begging for different fortunes while in 2011 the meeting was lifted with significant bullsihness for cattle prices. I can remember meeting with Gregg Doud, NCBA Chief Economist at the 2010 meeting where I asked him,… Read More
Agriculture is always looking for ways to gain better exposure in the public eye. Marketing agriculture to consumers is the challenge of the whole industry with the reality of people getting farther from the farm. There are small steps and small wins all the time but sometimes people have a great idea that has the… Read More
It’s very interesting to listen to the people that attended the NCBA meeting during the height of the BSE outbreak. They will tell you that as Canadian’s our presence at the NCBA was met with a tiny bit of friction. Now the relationship is on much firmer footing and returning to the strength seen in… Read More
One of the highlights of the the NCBA convention every year is the cattle market outlook by CattleFax. As everyone left the session on Friday the consensus of the attendees was, “CattleFax is very bullish.” At the NCBA 2011 convention I had the opportunity to discuss the cattle market with Duane Lenz of CattleFax. Duane… Read More