Aug 26, 2013
A recent Pro Farmer crop tour has analysts chopping the crop estimates for corn and soybeans. This marks the third estimate reduction in as many months. Immaturity of many fields opens the door to damage from early freeze. Hard to imagine that right now as many of us were wiping the sweat from our brows over the weekend. Although there should still be plenty of corn to go around, where that magic price will land could waiver as fewer kernels will be in our baskets.
Heat has bean buyers jumping this morning, as yields may take a step back, according to Bloomberg.
Fewer on Feed
It’s no surprise that Friday’s Cattle on Feed report showed the 12th monthly year-on-year decline in a row. USDA’s Corbitt Wall says the feeder market might be a little top heavy and wonders how much longer feeders will ride this high. With Zilmax off the market, some say there will be less beef to go around, and Reuters reports Elanco is analyzing the current supply and demand for Optaflexx.
Oklahoma Farm Report has this to say.
CattleNetwork also chimes in.
And in news-that’s-not-really-news any more, Cargill has jumped on the "ban Zilmax" bandwagon, saying the packer will harvest the last of the cattle currently being fed Zilmax by the end of September. Once those cattle go through the system, they will not accept any more Zilmax cattle. This might have seemed like another bold step against the product, however since Merck pulled Zilmax from the market several days ago, the announcement is kin to a MLB coach saying, "Hey guys, let’s ditch the steroids as soon as the season is over, okay?"
Tofu by Any Other Name Would be as Sweet
Chipotle, fresh off their "antibiotics for sick cattle only" PR stumble is taste-testing a few new items in the Northeast. Huffington Post reports a sofrita taco could be coming to a restaurant near you. Don’t let your mouth start watering just yet. A sofrita taco is tofu braised with chipotles and poblanos. Here’s the kicker – they chose the name "sofrita" because "tofu taco" was thought to be insulting…to tacos.
The Office of the Inspector General has found problems with the USDA camera grading system, saying the system is offering grades that are higher than the meat actually should be, says Food Poisoning Bulletin. The report even cites that Prime is supposed to be given to less than 2% of all beef produced in this country. Do they not consider the improvements in genetics over the last decade? Isn’t it possible that cattlemen are raising more high quality beef, and it’s not just a computer glitch?
Other News Bites ...
The Farmers’ Almanac says to stock up on your winter gear. Their projections call for extreme cold this winter.
Is your job hazardous to your sleep? According to an article on Huffington Post, if you work long hours or have a stressful job, then your occupation could be infringing on a good night’s sleep. Hello? Anyone in the cattle business not work long hours under stress?
Problem with your oven? Never fear, just cook your food in the dishwasher! NRP has the soggy details.
Fox News reports it’s unsanitary to wash a chicken before you cook it.
No more horseplay in the horse slaughter challenge, the USDA wants to move immediately to an expedited hearing.