| Vol. 51 -
No. 1 |
Thursday,
January 7, 1999 |
$25
Per Year |

NEW YEAR'S
RESOLVE, if not a resolution, seemed
apparent through at least half of the year's
first week as Plains feedlots resisted lower bids
and held fat cattle trade to a crawl. Whether
that sort of resolve can last until everyone
learns to write the correct year on their checks
remains to be seen. |
Lambs
Find Mixed Trade In New Year
The lamb trade came into the new year with highly
mixed trends around the country, though midweek sales
were on the high side. Feeder lambs were as much as $5
higher in the Midwest, but San Angelo prices were
considerably below the last reported sale.
Plains
Fed Cattle Trading Stalled Again At Midweek
With the exception of Nebraska, Plains feedlot
operators at midweek were holding fast to demands for
stronger money. The Texas Cattle Feeders Association
counted precisely no cash cattle moving in their trade
area through Wednesday afternoon. Roughly 28,300 formula
deals were confirmed on a showlist of 80,439 head. Bids
were $58-59 with a few rumored to $60, asking prices
mostly $62.
PLAINS
FEEDLOT SALES
RANGE
SALES
Argentine
Rancher Has A Plan To Survive In Tough Business
Brush management and good range management principles are
the keys to success at Tatu, a 46,000 acre ranch situated
in central Argentina in the Province of Cordoba.
NCBA
Head Defends Organization In Meeting With NM Producers
When the president of the National Cattlemen's
Beef Association conducteda town hall meeting here
recently, he probably heard more than he wanted to hear.
Cattle
Feeder Offers Advice To N.M. Cow-Calf Operators
Cattle feeders are looking for a few good cattle.
Charlie Christopher with AzTx Cattle Company says the
most important things he looks for when buying cattle for
his customers are healthy calves, quality calves and
uniform calves.
Idaho
Congresswoman Outlines ESA Abuses Before NM Stockmen
Idaho Congresswoman Helen Chenoweth places reform
of the federal Endangered Species Act high on her agenda
for 1999.
Cattle
Feeders See Better Year In 1999, But With Some Caveats
An economist with the Texas Cattle Feeders
Association says there are greener pastures ahead for the
cattle business he hopes. "The outlook for
1999? I think it will be a better year than 1998,"
says TCFA economist Jim Gill. "At least, I certainly
hope so."
Analyst's
Beef Price Forecast For 1999 Not Very Encouragings
Consumer preferences for less expensive meats like
pork and chicken will push cattle production down again
in 1999, a market analyst told the Kansas Livestock
Association last month.
Cattle Feeders
Association Lists Top Stories For 1998
To describe 1998 as a challenging year for cattle feeders
would be an understatement, says Texas Cattle Feeders
Association president and CEO Richard McDonald.
Clinton/Babbitt
Gestapo Sees Subjects In West, Not Citizens
When Attorney General Janet Reno announced she
would not seek appointment of an Independent Counsel to
investigate President Clinton's alleged
campaign-financing abuses, she gave a simple answer.
President Clinton lacked criminal intent; that is, he had
no intent, at the time of the alleged criminal activity,
to commit the elements of the crime.
Stiff
Congressional Opposition Grows Toward "Warming"
The United States Senate is unlikely to acquiesce
to the historic 1997 global warming treaty anytime soon,
and other major countries will not sign on without
America.
Ag
Economist Insists Imports No Big Deal In Cattle Market
U.S. cattle prices take a hit from imports, but
the picture is not nearly as grim as some portray it, an
agricultural economist says. And when the value of
exports is factored in, America's cattle and beef
industry is ahead of the game, Gary Brester told an
audience at a recent producers' seminar here.
Export
Leader Backs Continued Efforts In Troubled Countries
When a person emerges from a time of trouble, he
likely will be loyal to friends who stuck by him during
the hard times. Phil Seng of Denver, president and chief
executive officer of the U.S. Meat Export Federation,
understands that. That's why federation officials are
continuing business ties and meat promotions in countries
like Japan and Korea that are experiencing economic
problems.
Judge
Declines To Intercede In Scheme To Introduce Lynx
A federal judge refused last Thursday to block the
artificial introduction of the lynx in Colorado, ruling
that the federal government had no power over state
wildlife officials.
Freedom To Farm Not To Blame For Ag Woes, Author
Contends
Dire straits on the nation's farms set the stage
for the 1998 elections, when many Democrats vowed to try
to change the two year-old "Freedom to Farm"
law, saying the safety net it cast was full of holes.
Drouth
Making Lenders Leery Of Dealing With Ag Borrowers
Helping farmers file for bankruptcy is a booming
business in West Texas. Since early November, bankruptcy
attorney Gary Condra has barely been able to see over the
pile of papers mounting on his desk. Sadly, each sheet
represents a farmer, his family and the land that has
sustained them for years.
Wyoming
Board To End Bangs Testing Program
The Wyoming Livestock Board will halt the
brucellosis testing program for cattle in northwestern
Wyoming.
New
Kansas Cattlemen Group Picks Officers
A breakaway cattlemen's group has elected a temporary
board and settled on its main objectives, the first steps
toward establishing itself as an alternative to the
Kansas Livestock Association.
Ty Murray Steps
Into History With Seventh All-Around Win
Records are made to be broken. While Ty Murray was
streaking to a record seventh world all-around title at
the 1998 National Finals Rodeo, several other NFR
contestants were staking their own claims in the rodeo
record books.
Texas
Fed Cattle Prices Moved Higher For Last Week Of
Slaughter steers and heifers closed $2 higher last
week in Texas Panhandle and Western Oklahoma feedlot
trading.
Cattle
On Feed Down 3 Percent In Seven Main Feeding States
(Editor's note: The following report was
released after Livestock Weekly
published its last edition for 1998; it is old news now,
but still relevant.) Cattle and calves on feed for
slaughter Dec. 1 in the seven leading feeding states
totaled 9.41 million head, down three percent from a year
earlier but five percent above Dec. 1, 1996.
1998
Mexican Cattle Imports Up 9 Percent
Feeder cattle imports from Mexico totaled 708,847
head in 1998, nine percent more than the 651,619 head
imported the previous year. Texas imported 493,260 head,
New Mexico 37,865 head, and 177,722 came in through
Arizona.
U.S.
Meat Production 3.4% Above A Year Ago
Total red meat production under federal inspection
last week was estimated at 746.8 million pounds, 17
percent more than a week earlier and 3.4 percent above a
year ago.
Pork
Output Record High For Fifth Month
Commercial red meat production for the United
States totaled 3.73 billion pounds in November, up eight
percent from the 3.45 billion pounds produced in November
1997. November 1998 had one more weekday and one fewer
Saturday than a year ago.
Kansas
Feeder Cattle Too Sparse For Test
Feeder steer and heifer movement was too limited
for a test in Kansas direct trade last week. Receipts
totaled 3039 head. Weather was mild with highs in the 60s
and lows in the teens.
Red
Meat In Storage Up 7% From Year Ago
Total red meat supplies in freezers on November 30
at 792.8 million pounds were up seven percent from
November 1997, but down slightly from October 1998.
Abilene
Feeder Steer, Heifer Prices Steady
Feeder steers and heifers sold steady, slaughter cows
$2-3 higher, bulls steady, stock cows $10-20 higher,
pairs steady. Receipts totaled 1612 head.
Junction
Lambs Up, Stock Angoras Lower
Feeder lambs sold $3-5 higher, slaughter lambs
steady, bucks mostly steady; stock Angora nannies $5
lower, slaughter steady; slaughter Spanish goats steady
to $4 higher, stock nannies steady. Receipts totaled 5500
head.
Angelo
Lamb Trade Active, Supply Short
Trading was fairly active in the first sheep sale
of the new year, though no trends could be determined
because of the previous two-week to the holiday shutdown.
Receipts totaled 7457 head, about 50 percent ewes and 35
percent goats.
Milano
Opens New Year Trade On Active Note
Trading was active and demand good, no price
comparison available because of the recent holiday
closure. Receipts totaled 833 head.
Most
Graham Cattle Prices Termed Higher
Feeder steers sold steady to $2 higher, heifers $2
higher, slaughter cows $2-3 higher, bulls $2 higher.
Receipts totaled 1321 head.
Giddings
Feeder Steer, Heifer Prices Steady
Feeder steers and heifers sold steady, slaughter
cows $2-3 higher, bulls several dollars higher, topping
at $51. Bred stock cows brought $360-505 per head.
Receipts totaled 361 head.
Most
Llano Cattle Prices Termed Higher
Feeder steers and heifers sold steady to $4
higher, slaughter cows and bulls $2-3 higher. Receipts
totaled 381 head.
Hog,
Sheep Exports To Mexico Brisk
Slaughter livestock exports to Mexico through
Texas ports were rather brisk the first couple of days of
this week.
Colorado
City Cattle Scarce As Year Opens
No trend comparison was available on receipts of
710 head.
Wool
Markets Quiet At Home And Abroad
Domestic wool trading was at a complete standstill
during the recent holiday period. Demand as well as
seller interest remains light to very light.
Letters
To The Editor
Loose
Ends
Coming
Up...
January 8 Superior Livestock Auctions
Video Sale, Superior Offices and Studio, Fort Worth,
Texas. January 9
Comanche Trace Auction, Kerrville, Texas. January 9
Lastovica Angus Farm Bull Sale, Milano Livestock
Exchange, Milano, Texas.
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