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BEEF STOCKER TRENDS

From the editors of BEEF Magazine
In the July 7, 2009 Issue
 
  Two Million Extra Acres Of Corn
  Returning CRP Acres To Rangeland
  Wheat Stubble As Seedbed
  World Hunger Growing
  Calendar Of Events
  Send Questions & Comments To...

News

Two Million Extra Acres Of Corn
Anyone despairing that old-fashioned fundamentals ride drag in the upended commodity markets had to smile last Tuesday. USDA announced corn producers had planted 2 million more acres than previously estimated; nearby futures plummeted limit-down.

If producers have in fact planted 87 million acres, as last week’s report suggests, that would represent the most acres planted to corn since 1946 (the record year was 2007).

Besides the additional acres, crop condition is running ahead of last year, with the expectation that yields may move higher than previous estimates.

Read the full article >

Stocker Management

Returning CRP Acres To Rangeland
The same grasses used for High Plains crop and rangelands enrolled in the Conservation Reserve Program (CRP) in the mid 1980s can help producers as that ground returns to production.

“About 10 years ago when we first started seeing people come out of the program, we realized we would not be making the same amount as with government payments. But, we know properly managed old world bluestem and weeping love grass can produce more beef per acre than native rangelands in the region,” says Ted McCollum, Texas AgriLife Extension beef cattle specialist. He explains those were the grasses primarily used on new CRP ground in the state’s High Plains region.

For producers renewing production of these native grass stands, McCollum suggests applying the same management practices recommended for maintaining the productivity and health of rangelands in the region. These include attention to forage utilization, maintaining adequate groundcover and residue, and seasonal deferment of grazing. Carrying capacity or stocking rate will possibly be somewhat higher than on rangeland.

Read the full article >

Wheat Stubble As Seedbed
“No-till planting alfalfa, turnips or summer annual grasses into wheat stubble has many advantages,” says Bruce Anderson, University of Nebraska Extension forage specialist. “Soil moisture is conserved, erosion is reduced, weed seeds remain buried, and tillage expenses are eliminated. But despite these advantages, many growers still experience spotty stands.”

Anderson explains one of the primary challenges is heavy residues that can limit drill operation and seed placement, or partially smother seedlings.

“The best way to minimize this problem is to bale the straw and remove excess residue. And be sure to have a well-functioning drill,” Anderson says.

Read the full article >

Crops/Weather

World Hunger Growing
"A dangerous mix of the global economic slowdown combined with stubbornly high food prices in many countries has pushed some 100 million more people than last year into chronic hunger and poverty," says Jacques Diouf, director-general of the Food and Agriculture Organization of the United Nations (FAO). "The silent hunger crisis – affecting one-sixth of all of humanity – poses a serious risk for world peace and security. We urgently need to forge a broad consensus on the total and rapid eradication of hunger in the world and to take the necessary actions. The present situation of world food insecurity cannot leave us indifferent.”

According to new FAO estimates, world hunger is projected to reach a historic high with 1.020 billion people going hungry every day. FAO officials say the most recent increase in hunger is being caused by the world economic crisis, which has resulted in lower incomes and increased unemployment. This has reduced access to food by the poor.

Read the full article >

Events

Calendar Of Events
July 13-17 – Richard Mifflin Kleberg, Jr. Family Lectureship on Equine Science, King Ranch Institute for Ranch Management, Kingsville, TX; 361-593-5401 or krirm.tamuk.edu.

July 15-19 – National Cattlemen’s Beef Association Summer Conference, Denver, CO; 303-694-0305 or www.beefusa.org.

July 21-22 – Nebraska Grazing Lands Coalition and South Dakota Grasslands Coalition Joint Bus Tour, Yankton, SD; jljessop@kennebectelephone.com.

July 27-31 – Grazing Management Lectureship, King Ranch Institute for Ranch Management, Kingsville, TX; 361-593-5401 or krirm.tamuk.edu.

Read the full article >

Contact

Send Questions & Comments To...

Wes Ishmael, Contributing Editor, BEEF Stocker Trends, at wesleysink@aol.com

Joe Roybal, Editor, BEEF magazine, at jroybal@beef-mag.com


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MARKETS

Futures Push Calf-Feeder Prices Higher

It was only one week, and a short one at that, but last week’s markets were a breath of fresh and badly needed air.

August live cattle were limit-up at the Chicago Mercantile Exchange Monday. Nearby corn futures were limit-down the next day, following news that 2 million more acres had been planted than originally thought (see “Two Million Extra Acres of Corn.”).

By the end of the holiday-shortened week, analysts with the Agricultural Marketing Service (AMS) pointed out, “August feeder cattle contracts gained $4.48 during the four-day trading session, moving independently, not the usual derivative of the corresponding live cattle contract.”

Click here for market prices >

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OUTLOOK

Crop Reports From NASS

For the week ending June 28, according to the National Agricultural Statistics Service:

Corn – 4% is at or beyond silking, compared to 5% last year and 8% for average. The most crop development had occurred in North Carolina and Texas, while silking had yet to begin in the Great Plains, Corn Belt and Ohio Valley regions. The corn crop was rated 72% Good to Excellent, 11% more than a year ago.

Soybeans – 96% is planted, which is 1% ahead of last year but 2% behind normal. 91% has emerged, which is 2% ahead of last year, but 4% behind average. Blooming is complete on 5% of the crop, which is on par with last year, but 5% behind average. The crop was most advanced in the Delta, with Mississippi leading all states with 59% of the soybean acreage at or beyond the blooming stage. 68% is rated as Good to Excellent, which is 10% more than at the same time last year.

Click here for more >

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NATIONAL STOCKER AWARD



Information on the 2009 award
Meet the past winners
Report on the first-ever National Stocker Survey
Download the 2009 National Stocker Award Nomination Form
Visit BeefStockerUSA.org

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