| Vol. 51 -
No. 6 |
Thursday,
February 11, 1999 |
$25
Per Year |

KING OF THE
HILL is an ongoing exercise in lamb
feedlots, such as this one east of Denver, and
it's just as prevalent on the two-legged side of
the business. U.S. producers may hold somewhat
the high ground in their battle against lamb
imports this week, following a decision by the
U.S. International Trade Commission, as reported
elsewhere in this issue. |
Feeder
Lambs Steady, Fats Find Strength
Feeder lambs were limited in number around the
country this week, and prices about steady. Slaughter
lambs found a little strength on Midwest markets but were
mostly steady elsewhere. Slaughter ewes were a couple of
dollars higher in most places.
Another
Midweek Standoff The Story In Cattle Trade
Same play, Act II. Plains fed cattle trade failed
to jell last week until Thursday, and at presstime it
appeared poised to do the same thing again. One observer
on the feeder side agreed that would suit him fine if it
meant another week of prices $4 above initial bids.
PLAINS
FEEDLOT SALES
RANGE
SALES
Buyers
Strongly Recommend New Packaging For 1999 Wool Clip
The U.S. produces only about one percent of the
world's wool, barely a drop in the bucket in terms of
overall production. Because of today's global economy,
however, that drop must be competitive in the bucket that
is the international marketplace.
Argentine
Packer Sends Share Of Fresh Beef To U.S. Market
For the first time in 68 years, just since the
eradication of foot and mouth disease in 1995, Argentina
has been able to export fresh beef to the U.S. Currently
the quota stands at 20,000 metric tons.
Century
Of Ecology Movement Misses True Environmentalists
"Aren't farmers and ranchers
environmentalists? Can they really afford not to
be?" So asked Dr. John Carroll of the University of
New Hampshire, speaking here recently to The Promised
Land Network. His topic was the history of
environmentalism in America over the past 100 years:
those who started it, those who embraced and were
embraced by it and those it has mistakenly
targeted for attack.
Arizona
Stockman Optimistic Despite Assaults On Grazing
Jeff Menges doesn't think putting up 25 steel
fence posts in rural Arizona should require major
government action in Washington.
Ag Processor Concentration Drawing State,
Federal Fire
Lawmakers hoping to halt the number of big company
mergers in agriculture plan to make their case to
Attorney General Janet Reno.
Anti-Grazing
Groups Protest Federal Plan
The U.S. Fish and Wildlife Service and the U.S.
Forest Service announced last week that they will allow
livestock grazing to continue essentially unaltered on 11
national forests in New Mexico and Arizona, a decision
that essentially rebuked efforts at interference by
anti-grazing activist groups.
Congress
Facing Bills Over Price Disclosure
As a variety of states move to do likewise, U.S.
Rep. John Thune, R-S.D., says he's drafting a federal
bill to require meatpackers to report the prices they pay
for livestock.
U.S. To Take Korean Trade Dispute Over Beef To
WTO
As Korean officials rejected a load of Australian
beef for alleged chemical contamination last week, the
United States said it was taking its own beef dispute
with South Korea to the World Trade Organization.
ITC
Rules Lamb Imports Have Injured U.S. Sheep Producers
The U.S. International Trade Commission has ruled
that the recent surge of low-priced imported lamb meat to
the domestic market has injured U.S. producers.
States
Moving To Force Price Disclosure And Limit Packers
Despite pleas that it may hurt prices paid for
livestock in South Dakota, the state Senate passed a bill
Monday that would require meatpackers to post the prices
they pay each day for livestock.
Jury
Rewards Rancher In Fed Land Seizure
In what property rights advocates hail as a major
victory, a jury has ruled that the federal government
must pay a family $12.7 million for seizing ranch
property to create Channel Islands National Park.
Farmland
NationalTo Expand Plants
One of the nation's largest beef producers plans
to create up to 550 jobs in two southwest Kansas towns as
part of its $14.5 million expansion project there.
Grain Export Regrowth Predicted To Be Slow
U.S. corn exports will rebound in the next year,
but it will not be nearly enough to match the tons
shipped during the mid-1990s, said Ken Hobbie, president
and chief executive officer of the U.S. Grains Council.
Clinton's
Ag Insurance Talk Not Matched By Budget Walk
After urging Congress to repair the federally
subsidized crop insurance system, President Clinton
failed to put any money in his proposed 2000 budget to
make the improvements.
Texas
Bull Rider Scores Well In Fort Worth Show
A gold buckle is earned one ride at a time. And Blu
Bryant is one ride closer, thanks to a first-round win in
the bull riding at the $324,225 Southwestern Exposition
and Livestock Show and Rodeo in Fort Worth.
Domestic
Wool Slow, Foreign Wools Lower
Domestic wool trading was nearly at a standstill
last week. Demand was light to very light, as was seller
interest. Limited shearing was reported in the Dakotas,
Pacific Northwest, Texas, Montana, and Midwestern areas.
Kansas
Feeder Steers, Heifers Steady To Off
Feeder steers and heifers sold steady to $2 lower
in Kansas direct trade last week. Sales were confirmed on
5479 head. Weather was warm and all the snow is gone.
Feedlots are beginning to dry out.
U.S.
Meat Production 1.3% Above A Year Ago
Total red meat production under federal inspection last
week was estimated at 864.2 million pounds, 2.2 percent
less than a week earlier and 1.3 percent more than a year
ago. Cumulative meat production for the year to date was
up .4 percent at 4.65 billion pounds.
Angelo
Feeder Lambs Steady, Cattle Higher
Feeder lambs were about steady in a light test
this week, slaughter lambs steady to firm, good and
choice slaughter ewes $1-3 higher, other grades steady.
Receipts toted 9400 head.
Goldthwaite
Feeder Lambs Trade Higher
Feeder lambs sold steady to $3 higher, slaughter
ewes $3-4 higher; slaughter Spanish kids, nannies and
muttons $3-5 higher, billies steady, stock nannies
steady. Receipts totaled 2700 head.
Abilene
Cattle Prices Termed Mostly Higher
Feeder steers sold $2-4 higher, heifers $1-3
higher, slaughter cows mostly $2 higher, bulls $3 higher,
stock cows $50-75 higher, pairs $30-40 higher. Receipts
totaled 1302 head.
Junction
Angora Goat Price Trends Mixed
Slaughter lambs sold steady, slaughter ewes $2
higher; stock Angoras $2 lower, slaughter nannies $2
higher, other slaughter Angoras steady; slaughter Spanish
goats mostly steady, stock nannies mostly steady.
Receipts totaled 4150 head.
Milano
Feeder Steer, Heifer Prices Higher
Feeder steers and heifers sold $2-3 higher,
slaughter cows and bulls steady. Receipts totaled 803
head.
Graham
Feeder Cattle Prices Termed Higher
Feeder steers and heifers sold steady to $2
higher, slaughter cows and bulls steady, bred stock cows
$10-20 higher, pairs steady to $10 higher. Receipts
totaled 1398 head.
Grass
Turns Llano Feeder Cattle Higher
Feeder steers and heifers sold $5-8 higher with
best action on turn-out condition cattle, slaughter cows
fully steady, bulls steady. Receipts totaled 268 head.
Colorado
City Cattle Prices Trend Higher
Feeder steers and heifers sold $2-6 higher,
slaughter cows $2-4 higher, bulls $2-4 higher, bred stock
cows and pairs firm. Receipts totaled 1153 head.
Most
Cuero Cattle Prices Move Higher
Feeder steers and heifers sold $2 higher,
slaughter cows and bulls $2 higher. Receipts totaled 1648
head.
San
Saba, Brownwood, Mason Cattle Higher
Feeder steers and heifers sold steady to $2 higher
in Mason, Brownwood and San Saba last week, slaughter
cows $1-4 higher, bulls steady to $2 higher, bred cows
and heifers $27-75 higher, cows with calves $50-100
higher. Receipts at the three sales totaled 3359 head.
Fredericksburg
Feeder Steers, Heifers Steady
Feeder steers and heifers sold steady, slaughter
cows and bulls $2-4 higher. Receipts totaled 1377 head.
Lampasas Feeder
Steer, Heifer Prices Higher
Feeder steers and heifers sold $1-3 higher,
slaughter cows and bulls $2-3 higher. Receipts totaled
929 head.
Coming
Up...
February 12-13 Superior Livestock
Auctions Cattlemans Winter Classic Video
Sale, Trade Show Floor, Charlotte Convention Center,
Charlotte, North Carolina. February
13 Mid-Texas Angus Associations Volume
VI Bull Sale, Somervell County Expo Center, Glen Rose,
Texas. February 14 7th Annual San Antonio
Ranch Gelding Stakes & Sale, San Antonio, Texas.
|