| Vol. 48 -
No. 24 |
Thursday,
June 13, 1996 |
San Angelo,
Texas |
Lamb Prices May Have Hit A
Brick Wall
Lamb carcasses took another price jump last week with all
weights on the East Coast moving at $201 and boxed carcasses $213-240.
Carcass lamb is now fully $25 higher than just five weeks ago. With
lamb meat at record high price levels more than double that of any
other domestic meat, merchants fear some lamb eaters are being driven
away. Retail demand is dwindling and buyers are cutting back because
of the high prices.
Fed Cattle Stalled Once
Again; Feedlots Flexing Their Muscles
My, what a difference a few weeks can make. Feedlots that
only recently were getting wooled around like an old towsack in the
teeth of a cur have had their feet under them the last couple of
weeks. Short showlists, less pressure from grain and a generally
bullish attitude have given them the strength to hold out until the
packers pay their price.
Plains Feedlot
Sales
Range Sales
Hemphills Combine Fire, Cattle To Put
Squeeze On Prickly Pear
Zeno and Joe Pat Hemphill are taking advantage of what
stockmen have known for many years — that cattle will eat prickly
pear if it is burned.
Canadian Livestock
Imports Up, Shipments From Mexico Decline
Canadian livestock imported into the U.S. for the first four
months of the year are up substantially from a year ago while imports
from Mexico are down sharply.
Grocer’s Beef Price
Slash Draws Enthusiastic Response
A Wheatland grocer's decision to cut his beef prices to show
support for cattle producers is generating a greater response than he
expected.
High Court Sanctions
"Takings" By Endless Bureaucratic Delay
Wyoming’s high court last week ruled, in essence, that the
"taking" of private property by a government agency is
acceptable as long as the agency does it the right way — by
interminable bureaucratic stalling.
ESA Reform Unlikely This
Year, But Habitat Tax Break Possible
Overhaul of the Endangered Species Act is unlikely to get
through the House and Senate in the remaining months of this
politically charged congressional session.
Dakota Cattlemen’s
Meeting Gives Checkoff Thumbs -Down
Perhaps more telling than several hours of testimony earlier
this week at a gathering here on the national beef checkoff was the
show of hands at the end.
Packer Concentration
Committee Lists Specific Recommendations
A federal advisory committee says the U.S. Agriculture
Department is not adequately enforcing a law designed to protect
ranchers and others from unfair trade practices in the meat industry.
Domestic Wool Slow, Steady,
Aussie Finewool Sells Strong
Trading on domestic wool was generally slow last week,
prices mostly steady and demand light.
BLM Sets NM Meetings On Range
Guidelines
The federal Bureau of Land Management has scheduled a series
of public meetings throughout New Mexico to discuss proposed standards
for grazing and rangeland management recently released by the New
Mexico Resource Advisory Council.
1997 Beef Checkoff Budget
Recommended
The Beef Promotion Operating Committee has recommended a
nearly $43 million budget for beef promotion and research in 1997.
Campaigning Babbitt
"All Wet" In Canoe
U.S. Interior Secretary Bruce Babbitt, paddling the
Susquehanna River to call attention to the need for environmental
protection, was hardly out of his canoe before Republicans were
calling him all wet.
Feeder Cattle Prices
Boosted By Cheaper Grain, Higher Fats
Feeder steers and heifers sold $1-4 higher across the
country last week as buyers continued an aggressive accumulation of
numbers. Sharp price declines for grain during the forepart of the
week buoyed attitudes concerning feeders, however, sharp grain price
reversals late in the week came after most feeders had changed hands.
Texas Slaughter Cattle
Higher, Movement Good, Mostly Thursday
Slaughter steers and heifers sold $1-2 higher in Texas
Panhandle and Western Oklahoma feedlot trading last week. Trade was
slow except Thursday, when movement was brisk; most feedlots cleared
their showlists. The week’s volume of 123,300 head included 18,200
formulated cattle.
Superior Livestock Video
Sale Offering Totals 15,000 Cattle
Superior Livestock Auction’s regular video sale offered
15,000 cattle from consignors in 17 states. Demand was termed good and
prices for yearlings strong.
Angelo Feeder Lambs Fall,
Cattle Climb
Feeder lambs sold $5-10 lower this week, slaughter lambs
untested, slaughter ewes $1-3 lower. Two day receipts totaled 15,781
head.
El Reno Feeder Lambs Trade
Mostly Higher
Feeder lambs sold firm except for blackfaces, which were
discounted because of concern over heat-related problems; slaughter
ewes were $2-3 higher. Receipts totaled 1100 head.
Mason, Brownwood, San
Saba Cattle Prices Up
Feeder steer and heifer yearlings sold $2-4 higher in Mason,
Brownwood and San Saba last week, steer calves $3-6 higher, heifers
$2-4 higher, plain kinds $5-10 higher, roping type calves $10-30
higher, slaughter cows and bulls $3-5 higher, stock cows and pairs
steady. Receipts totaled 2985 at the three sales.
Most Lampasas Cattle Prices
See Increase
Feeder steers and heifers sold $5-7 higher, slaughter cows
and bulls $2.50-3.50 higher, stock cows not tested. Receipts totaled
692 head.
Fredericksburg Cattle Prices
Trend Upward
Feeder steers and heifers sold $4-6 higher, slaughter cows
and bulls $2-3 higher. Receipts totaled 1138 head.
Cuero Feeder Cattle Sell
Sharply Higher
Feeder calves and yearlings sold $5-10 higher, slaughter
cows $3-6 higher. Receipts totaled 2022 head.
Westmoreland Brahman Sale
Averages $1845
The complete dispersal of Westmoreland Ranch livestock
totaled 318 Brahman lots for an average of $1845.84; 363 registered
Hereford lots averaged $663.92, 147 commercial Hereford lots $585.37,
17 crossbred cows averaged $260.55. In addition, 363 Quarter Horse
lots averaged $756.18.
U.S. Meat Production 3.5%
Below A Year Ago
Total red meat production under federal inspection last week
was estimated at 824.1 million pounds, 13.2 percent more than the
holiday-shortened previous week and 3.5 percent less than the same
week a year ago. Cumulative meat production for the year to date was
1.8 percent more than a year ago.
Hindsight
Unregistered Bull
in a Hotel Lobby
Choice gleanings from 45-plus years of
Unregistered Bull.
It was John the Optimist who held forth in the lobby this week.
"They say," he began, "you can find something to work up
a grin about in anything that happens, if you look hard enough.
On The Edge Of
Common Sense
By Baxter Black
Look On The Bright Side
1. Corn is so high that the cost of a box of popcorn at the movies
may be close to being a fair price.
Pokin' Fun
By Doc Blakely
Kingsport, Tennessee, is in the heart of sippin’ whiskey
country. Several of the inhabitants have been known to do their sippin'
from a large, economy-size jug. It's cheaper that way, because it can be
bought wholesale. The story was passed along to me that several guys did
so much elbow bending down on the banks of a creek that they couldn't
tell their wholesale from their retail.
Shortgrass
Country
By Monte Noelke
Day workers carry a lot of news from ranch to ranch.
Transported by fancy dual-wheeled pickups, pulling sleek gooseneck
trailers, these fancy costumed cowboys cover a wide territory during the
roundup and shipping seasons. At a wage rate running somewhere around
eight or nine bucks an hour for themselves and their horse, I prefer
summaries of the local gossip instead of detailed reports. Nevertheless,
the temptation is great to learn lamb crop percentages or rain gauge
measurements before the figures change on the way to town to the post
office or the wool house.

|