Analysis: Eastern Livestock Bond Not Worth Much
The recent case of Eastern Livestock’s receivership proceedings, which was filed last week under pressure from Fifth Third Bank, is shedding some light on the dark corners of the beef industry. Many would probably like to keep that quiet. For example, when forced into bankruptcy last week, Eastern had some $80 million in bad checks floating around. They were bonded for $875,000.
John Stossel: Natural Isn’t Always Better
What are some of the things we know that aren’t so? Here’s one: Grass-fed "free-range" beef cattle are better for the environment — and for you — than factory-farmed corn-fed cattle. It does seem to make sense that the steer raised in the more "natural" environment would be better for the world.
What Impact Will GIPSA Have On The Cattle Industry?
The National Cattlemen’s Beef Association’s (NCBA) television programme, Cattlemen to Cattlemen, is hosting a live episode tonight (Tuesday Nov. 16), featuring numerous experts explaining the impact of the rule, proposed June 22 by USDA’s Grain Inspection, Packers and Stockyards Administration, on the cattle industry.
Classes of Cull Cows
Most cattle folk understand the concept of carcass quality grade. They’re familiar with the terms Prime, Choice, Select and Standard. They know those terms relate to the amount and distribution of intramuscular fat (marbling) visible in the ribeye muscle. They probably know that maturity, or the animal’s physiological age, also applies when determining quality grade. So they might know the aforementioned grades are applied to carcasses from young animals — fed steers and heifers — but not to carcasses from animals older than 42 months of age.
Plan Ahead to Reduce Production Costs
Stephen B. Blezinger, Ph.D., PAS
Survival in the cattle industry is on based on a list of factors. Low cost producers (in all segments of the production chain) will survive in this system of competitive markets. Others (high-cost producers) will eventually be unable to compete and will exit the business.
Steve Cornett: Eastern Livestock’s Bond
After my post yesterday about Eastern Livestock, in which I cited a rumor about the size of the company’s bond, John Robinson at the Western Livestock Journal sent me a note pointing out that GIPSA maintains a website listing the bonds maintained by traders. http://archive.gipsa.usda.gov/psp/dealersBOC_list.pdf
Cattle producers’ bull-buying season is upon us
Culpeper Star Exponent
Fall is bull-buying season for beef cattle producers with sales scheduled on farms, at local sale facilities, over the phone and on the Internet. Today’s cattle breeders have more buying choices than ever but seem to come back to reliable sources they know and trust.