BEEF_STOCKER TRENDS_ A Penton Media Property September 22, 2009 If you want to view this on the web go to: http://enews.penton.com/enews/beef/v/877 STOCKERS IN THE NEWS --Stockers Offer Cow-Calf Opportunity Even with record corn yield predicted, and corn prices projected to hover around $3/bu. -- substantially lower than last year -- forage still wins the race for cost of gain. That should be more pronounced this year with bumper hay and forage crops across much of the nation. Plus, it's not like calf prices are all that enticing to sellers; and that was before the fall run began. To view the full article go to: http://beefmagazine.com/beefstockertrends/0922-stocker-offer-cc-opportunity NEWS --End Of The Great Recession? Maybe "...as painful as this recession has been, I believe that we succeeded in avoiding the second Great Depression that seemed to be a real possibility," said Janet Yellen, president and CEO, Federal Reserve Bank (FRB) of San Francisco last Monday. "Much of the recent economic data suggest that the economy has bottomed out and that the worst risks are behind us. The economy seems to be brushing itself off and beginning its climb out of the deep hole it's been in... This summer likely marked the end of the recession and the economy should expand in the second half of this year." Among the signs pointing to economic growth rather than contraction: To view the full article go to: http://beefmagazine.com/beefstockertrends/0922-end-great-recession-maybe STOCKER NEWS --Cattle Market Recovery Likely Sluggish Though there are logical reasons to suggest the nation's economy is on the cusp of recovery (see "End of the Great Recession? Maybe"), margins will continue to be challenging for stocker operators, and for cattlemen and livestock producers in general. "The recent recession has wounded the livestock industry," say Federal Reserve Board (FRB) economists Brian Briggeman and Jason Henderson. "Since 2007, falling demand and rising feed costs have battered U.S. producers of cattle, hogs, poultry and dairy products, forcing them to trim their herds. This traditional supply adjustment should help rebalance supply and demand, thus boosting profit margins and staving off larger losses over the next year." To view the full article go to: http://beefmagazine.com/beefstockertrends/0922-cattle-market-recovery-sluggish --Livestock Disaster Assistance Programs Begin A number of permanent livestock disaster programs -- authorized by the 2008 Farm Bill -- got started last week. Livestock Forage Disaster Program (LFDP) provides payments to eligible livestock producers who suffered livestock grazing losses due to qualifying drought or fire. To view the full article go to: http://beefmagazine.com/beefstockertrends/0922-livestock-disaster-assist-programs STOCKER MANAGEMENT --Get Pasture Leases In Writing "In general, a good lease is one in which both parties agree it is fair and both completely understand each other's expectations," says Wesley Tucker, University of Missouri Extension ag business specialist. According to Tucker, most problems with a pasture lease occur when one or more parties don't fully understand what the other expected. Whether the lease is verbal or in writing, Tucker says taking the time to discuss issues ahead of time will prevent 99% of the problems that will arise later. To view the full article go to: http://beefmagazine.com/beefstockertrends/0922-get-pasture-leases-writing EVENT SPOTLIGHT --10th Annual Kansas State University Beef Stocker Field Day Sept. 24 -- 9:30 a.m. KSU Beef Stocker Unit, Manhattan, KS *Buying and selling right, Kevin Dhuyvetter, KSU. *Partnering with feedlots: Who brings what to the table, panel featuring Jerry Bohn (Pratt Feeders), Dan Dorn (Decatur County Feed Yard) and Jim Reeves (JMR Cattle Co.). *Thinking outside the shots, Dan Thompson, DVM, KSU. *Negotiating custom-grazing arrangements, panel featuring Mike Collinge (Hamilton, KS), Tim Miser (Cottonwood Falls, KS) and Alan Hess (Alma, KS). *Cattle financing in a tight credit market, Gary Cotterill, Community National Bank, Chanute, KS. *Producing value-added cattle, Brian Bertelson, U.S. Premium Beef. *Weed & woody plant control for pastures, Walt Fick, KSU. *Utilization of by-products on pasture, Lyle Lomas, KSU.For more info, contact Lois Schreiner at 785-532-1267 or lschrein@ksu.edu (mailto:lschrein@ksu.edu) EVENTS --Calendar Of Events Sept. 22-23 -- Georgia Grazing School, Athens, GA. Sept. 22-23 -- Tri-State Cow-Calf Conference, Gray, TN Sept. 24 -- Beef Stocker Conference, Kansas State University, Manhattan, KS Oct. 29-30 -- HOLT CAT Symposium on Excellence in Ranch Management, King Ranch Institute for Ranch Management, Kingsville, TX; 361-593-5401 or krirm.tamuk.edu (http://krirm.tamuk.edu). Dec. 14-16 -- Lectureship on Managerial Accounting for Ranchers, King Ranch Institute for Ranch Management, Kingsville, TX; 361-593-5401 or krirm.tamuk.edu (http://krirm.tamuk.edu). CONTACT --Send Questions & Comments To... Wes Ishmael, Contributing Editor, BEEF Stocker Trends, at wesleysink@aol.com (mailto:wesleysink@aol.com) Joe Roybal, Editor, BEEF magazine, at jroybal@beef-mag.com (mailto:jroybal@beef-mag.com) MORE ABOUT THIS NEWSLETTER You are subscribed to this newsletter as #email# To subscribe to this newsletter go to: http://http://subscribe.beefmagazine.com/?tc=NLSUB To unsubscribe from this newsletter go to: http://http://subscribe.beefmagazine.com/?tc=NLSUB&cid=#message_id#&lid=#list_id#&email=#email# For questions concerning delivery of this newsletter, please contact our Customer Service Department at: US Toll Free: (866) 505-7173 International: (402) 505-7173 or mailto:beefmagazine@pbinews.com To get this newsletter in a different format (Text or HTML), or to change your e-mail address, please go to your profile page here: http://subscribe.beefmagazine.com/?tc=NLSUB&email=#email# Penton Media | 249 W. 17th Street | New York, NY 10011 Copyright 2009, Penton Media. All rights reserved. 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