| Vol. 50 -
No. 37 |
Thursday,
September 17, 1998 |
$25
Per Year |

FEEDLOT LAMBS
have seen their value slip steadily the last few
weeks, due in part to a recent surge in imported
lamb meat and, to a lesser degree, to a stagnant
market for pelts. As the latter trade is
established by foreign demand, the lamb industry
is truly feeling the effects of the global
marketplace. |
Plains
Fed Cattle Command $60 In Flurry Of Sales At Midweek
The packers held out as long as they could this
week, drawing on large numbers of Texas captives to try
to stem the tide of higher prices. In the end, they
failed.
Plains
Fed Cattle Command $60 In Flurry Of Sales At Midweek
The packers held out as long as they could this
week, drawing on large numbers of Texas captives to try
to stem the tide of higher prices. In the end, they
failed.
Lamb
Prices Continue To Lose Ground
Fat and feeder lamb prices continued their
relentless decline into near unprofitable areas. Fat
lambs lost another $3 and blame is still associated with
the demise of the stagnant pelt market.
PLAINS
FEEDLOT SALES
RANGE
SALES
At 86, Wayne
Cleveland Still Enjoys The Cattle Challenge
At 86, Wayne Cleveland is still enjoying the day
to day challenges of the cattle business. Ranching and
the love of the land is in his soul.
Ranchers
Lamb Finishes First Year Of Operation In The Black
Ranchers Lamb of Texas finished its first
fiscal year of operation in the black, a feat that even
chairman of the board Chico Denis admits was something of
a surprise.
IRS
Restructuring, Reform Act Includes Some Tax Provisions
Since more than half of the year is behind us and
even though agricultural income in Texas will be sparse
this year due to the drouth and losses to excessive rain
in August, it becomes important to start to review income
tax needs as early as possible to be able to take
advantage of any new provisions.
Lasley And Sons
Top Fed Beef Challenge
A Stratford, Texas feedyard won both the champion
carcass and third place pen of steers in the Texas Cattle
Feeders Association's annual Fed Beef Challenge here.
Wolf
Removal Efforts Replete With Twists, Turns, Changes
Okay, so the wolves are there illegally. But hey,
lets overlook that. That is the message coming from
directors of zoos, captive-breeding facilities and
wildlife resource centers, who say there is not enough
room to take in wolves if they are removed from
Yellowstone National Park.
A&M
Launches New Computer Model To Aid In Planning
Farmers and livestock producers know change is
risky. They also know they must embrace a certain amount
of necessary change and manage the risk involved if they
are going to survive and thrive financially.
Researcher
Studying Feedlot Products Other Than Red Meat
A Texas Panhandle researcher is studying ways of
improving the quality of manure while decreasing the
amount produced in area feedyards.
Congress
Scrambles To Craft Aid Package For Agriculture
With the farm economy worsening, momentum is
building in Congress to rush billions of dollars in
emergency assistance to farmers before lawmakers leave
town next month to campaign.
Study
Claims Short-Term Hay Ration Would Reduce E. Coli
Researchers have discovered a simple way to dramatically
reduce the risk of people getting sick from E.
coli-tainted beef: Change the ration for a few days
before cattle are slaughtered.
Latest
Estimate Shows Grain, Soybean Harvest Still Higher
Farm prices are likely to fall even further as
harvest time approaches because of forecasts for large
corn, soybean and wheat crops amid stagnant exports, the
Agriculture Department reported Friday.
Another
Look At Captive Supply Data Said To Show Much Impact
Another look at previous studies shows captive cattle
supplies cost producers tens of millions of dollars a
year, says the Western Organization of Resource Councils.
Beef
Co-Op Falls Short Again; Backers Mull Another Approach
With the Northern Plains Premium Beef Cooperative
on the verge of dissolving, farmers and ranchers in the
Dakotas are discussing strategy for another try at
establishing a producer-owned beef processing plant.
Eco
Group Suit Lists 38 California Species
Always one for the grand gesture, an Arizona
eco-radical group has filed a lawsuit modestly estimated
to have the potential of tying up land uses throughout
California.
USDA
Claims Checkoff Provision Violations
The U.S. Department of Agriculture has charged two
Montana cattle producers with violating assessment
provisions of the Beef Promotion and Research Order under
the Beef Promotion and Research Act of 1985.
USDA
Seeks Labeling For Water In Poultry
Poultry companies would have to disclose the water
content of chicken and turkey under a proposed change in
federal rules.
Plan
For Yellowstone Buffs Panned By Ecos
Environmental activist groups last Friday told a federal
judge that the government failed to adequately assess the
impact of an interim buffalo management plan for
Yellowstone National Park.
ESA
Listing Declined For Cutthroat Trout
Secretary of Interior Bruce Babbitt has declined
to list the cutthroat trout as an "endangered"
species.
Steers, Heifers
Firm To Up In Angelo Special Sale Monday
Steers and heifers were firm to $1 higher in the
seasons sixth special feeder sale at Producers
Livestock Auction. Trading was fairly active and demand
good, the quality attractive with numerous bunches of
fresh preconditioned cattle.
Texas
Fed Cattle Price Trend Changed Last Week; Some Higher
Slaughter steers and heifers closed 50 cents to $2
higher last week in Texas Panhandle and Western Oklahoma
feedlot trading.
Nation's
Feeder Cattle Prices Continue In Downward Spiral
Feeder cattle and calves sold $1-3 lower across
the country again last week, calves in a few places $4-7
lower.
Angelo
Feeder Lambs Lower, Cattle Higher
Feeder lambs weighing under 80 pounds sold weak to
$2 lower this week, over 80 pounds $5-6 lower, slaughter
lambs not well tested, slaughter ewes weak to $2 lower.
Lamb
Pelt Trading Near Stagnation
Spot trading on the domestic lamb pelt market
remains nearly inactive. Pelt buyers are showing almost
no interest while waiting for the European market to
settle.
Junction
Feeder Lambs Lower, Angoras Steady
Feeder lambs sold $2-3 lower, slaughter ewes $2-3
higher; stock Angora nannies steady, slaughter Angoras
mostly steady; stock Spanish nannies steady, slaughter
muttons and billies $2-3 higher, other classes steady.
Kansas
Feeder Cattle Steady In Direct Trade
Feeder steers and heifers sold weak. Weather was
warm, the corn and milo harvests progressing at a fast
rate. Sales were confirmed on 7975 head.
Graham
Feeder Cattle Prices Move Higher
Feeder steers sold $2-4 higher, heifers steady to
$2 higher, slaughter cows and bulls steady, pairs steady
to $20 lower, bred cows $10-20 lower.
Llano
Special Sale Offers 1820 Cows
The 39th annual "September Special"
special cow sale at Llano Livestock Auction offered 1820
head including 251 pairs. Trade was active on choice long
and medium bred cows and heifers, young pairs termed very
active.
Cuero
Cattle Prices Termed Mostly Steady
Feeder steers and heifers old about steady, slaughter
cows and bulls steady. Receipts totaled 507 head.
Abilene
Feeder Cattle Prices Sharply Higher
Feeder steers and heifers sold mostly $3-4 higher,
slaughter cows and bulls fully steady, stock cows steady
to $30 higher, pairs $50-60 higher.
Domestic
Wool Slow, Aussie Wools Mixed
Domestic wool trading remains at a complete
standstill except for limited warehouse sales on medium
and coarse wools. Demand was narrow.
San
Saba, Brownwood, Mason Feeders Higher
Feeder steers sold $1-5 higher last week in Mason,
Brownwood and San Saba, the greatest advance on
heavyweights, heifers steady to $4 higher, replacements
$5-8 higher, slaughter cows and bulls steady to $1 lower,
pairs and bred cows in poor demand.
Lampasas
Feeder Steer, Heifer Prices Higher
Feeder steers and heifers sold steady to $2
higher, slaughter cows and bulls steady. Receipts totaled
941 head.
Giddings
Feeder Steer, Heifer Prices Higher
Feeder steers and heifers sold $2-3 higher than
two weeks ago. Receipts totaled 314 head.
Fredericksburg
Feeder Steers, Heifers Strong
Feeder steers and heifers sold strong, slaughter
cows and bulls $1-2 higher. Receipts totaled 919 head.
U.S.
Meat Production 9.8% Below A Year Ago
Total red meat production under federal inspection last
week was estimated at 787.6 million pounds, down 10.7
percent from a week earlier and 9.8 percent less than a
year ago. Cumulative meat production for the year to date
was 2.7 percent above a year ago at 30.5 billion pounds.
Colorado
City Feeder Cattle In Good Demand
Trading was active and demand good, though lack of
a sale last week allowed no price comparison. Receipts
totaled 2522 head.
Milano
Feeder Steer, Heifer Prices Higher
Feeder steers sold steady to $2 higher, heifers
$2-3 higher, slaughter cows and bulls steady. Receipts
totaled 281 head.
Goldthwaite
Feeder Lambs Trade Steady
Feeder lambs sold mostly steady, slaughter lambs $2
lower, slaughter ewes and bucks steady; stock Spanish
nannies steady, slaughter classes $2-4 higher.
Letters
To The Editor
Coming
Up...
September 17 Round-Up For Rehab Cattle Sale,
Producers Livestock Auction, San Angelo, Texas. September
18 Special Cow Sale, Lovington Livestock
Market Inc., Lovington, New Mexico. September 18-19
Superior Livestock Auctions Video Sale, Superior
Offices and Studio, Fort Worth Stockyards, Fort Worth,
Texas.
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