Cattle Inventory Down … We Think
Aug 06, 2013
"The status of the cattle inventories in the U.S. is unknown at this time," a report from Livestock Market Information Center (LMIC) states. Apparently, USDA just cancelled the report mid-year, so there aren’t any official numbers for July 1. Thanks to members of LMIC, historical data, and market information we have some numbers to go off of … even if we don’t like what we’re seeing. On a brighter note, AgWeb reports that cattle futures for October delivery rose 0.1 percent. Don’t hurt yourself celebrating.
We Have a Beef with Lamb
Well if you don’t, China and New Zealand does. According to The Wall Street Journal their big beef stems from "rogue importers" trying to pass off New Zealand meat that isn’t from New Zealand. This is a big deal because New Zealand meat is worth around 27% more in China and, like anyone, they want to make sure they’re getting what they pay for and New Zealand doesn’t want to lose business. To take this beef with meat a step further there are also reports of rat, mink and fox being passed off as beef and mutton. So, how do you fix this identity crisis? You fingerprint it, of course. At least that is what Alliance Group Ltd is doing. Alliance Group Ltd is working to develop technology that can "fingerprint" meat and can tell where the animal was raised, even what it ate. This is handy technology, especially if you’re concerned about getting fooled into buying mink instead of mutton.
USDA Gives Ranchers a Hand
USDA’s FSA is allowing C-O-Ws to graze CRP land. (I feel like I’m in a spelling bee.) But that is very good news for those regions still struggling with drought. Under limited conditions, farmers and ranchers can utilize certain CRP land for haying and grazing to get them over the hump. AgWeb has the scoop.
Rural Roots to E-Commerce Giant
From castrating cattle to tech pioneer, now a media baron … just another day in the office, at least it is for Jeff Bezos, founder of Amazon.com Inc. NBC News reports that Bezos is buying the Washington Post Co. but what does this have to do with the price of cattle? Absolutely nothing. However, interestingly enogh Bezos spent his summers as a kid on a ranch doing various chores like shoveling s…tuff, branding and castrating cattle, even light plumbing and engine repairs. It’s amazing to learn where people come from, especially tech moguls raised on a ranch. Who’d a thunk it.
Tyson Looking Overseas
Tyson Food Inc. has its eyes on China. With Tyson’s chicken-to-China sales booming they’re wanting to set up shop overseas and keep the reported "better-than-expected profits" coming. Not even an avian influenza outbreak can stop this poultry powerhouse from expanding. The Wall Street Journal has all the pecking details.
More on the Lab Burger
Forget the BigMac. Put down the Whopper. Tell Wendy’s to take a hike and grab a thick, juicy, 20,000 protein strand, stemcell lab burger! AgDay TV cooks up the "test tube burger" and reports that the taste test was met with mixed reviews.
Other News Bites …
Grist takes a closer look at GMO property rights and what it means for research.
This week is National Farmers Market Week. USDA is celebrating, are you?
Rancher, blogger, cowboy, family man, and all around nice guy, Jeff Fowle shares his Cowboy Code and we must say that it is GTN approved.