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TheBeefSite Newsletter - 11 February 2015

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TheBeefSite
Wednesday 11th February 2015.
Michael Priestley - Editor

Michael Priestley
Editor


Novus International

MSD Animal Health

A Run You Wish Your Parents Could See

Last year’s remarkable prices may have topped out but US beef operations should remain “solidly profitable” for the next several years.

There is still a large packing sector chasing a limited supply and strong export demand tipped to continue growing as incomes rise, said Cattlefax CEO, Randy Blach, in San Antonio last week.

Addressing the NCBA cattle industry convention, Mr Blach said that 2014 had combined good crop production and improving soil moisture for many areas, with rival proteins unable to fill the void.

Also at the NCBA convention:

He said: “We expected high prices and we were right. Moisture really set the market explosive in the middle of the year.”

He said the beef herd could rise from 29 million head to 32-33 million head and “still be highly profitable”.

In 2014, the average fed cattle basis was $3-3.50 per hundredweight with regular 5-10 per cent swings - $8-$15. Calf prices doubled and traders saw the CME move 46 per cent from its daily low to high.

But he warned that ranchers shouldn’t take themselves too seriously. “These are wild times. None of us can forecast these moves.

“Access to credit remains critical. There’s been an 83 per cent increase in credit needs in five years, this is not going to end any time soon.”

On the level of profitability seen in the industry last year, he said: “We wish our mums and dads were here to see the run we’ve had.”

But Cattlefax global specialist, Brett Stuart, said record beef prices were a global pheneomenon.

“Demand has overtaken supply,” he told the convention. “Eight years of zero production growth has occurred and we’ve added two Americas to the planet.”

US Department of Agriculture Predictions are for lower beef output in 2015 than last year. Meanwhile, corn and soybean acres are up two and three million respectively.

Ethanol will continue to feature in corn demand but is now “levelling off”, according to Risk Management Specialist, Mike Murphy.

He expects around five billion bushels of corn to go into ethanol this year.



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This Week's Articles and Analysis

What Is Cold to a Cow?
US - Cows in good condition will need their ration increasing in energy density by one per cent every degree Fahrenheit below the lower critical temperature, US beef producers have been told as a rule of thumb.

Controlling Nuisance Birds - They Eat Half Their Body Weight
Keeping feed costs down may start at pest control - one thousand starlings can eat one hundred pounds of grain daily.

Controlling Foot and Mouth Disease in the Balkans
Veterinary services are being beefed up to minimise the risk of food and mouth disease in the Balkans.

US Herd Rebuilding Started "in Earnest"
Government data laid doubts of US beef herd rebuilding to rest last month by confirming a 2.1 per cent herd increase in beef cows that calved.

Market Reports

EBLEX Cattle and Sheep Weekly - 10 February 2015
GB Animal Feed Statistical Notice - December 2014

Global Beef Industry News

   Philippines

Philippine Agriculture to Continue Growth in 2015

   Australia

Rapid Decline in Australian Beef Herd
Vets Descend on Tasmania to Discuss Sheep, Cattle Health
ACCC Go-ahead for JBS Acquisition of Primo
Revolutionary NIR Calibration Delivery Platform Now Available
Australian Weekly Cattle Summary

   Canada

Wholesale Meat Specifications Document Published
Call for Legislative Fix to Country of Origin Labelling
Canada Invests in Research on Sustainable Beef Production

   United States

National Farmers Union Welcomes COOL Lawsuit Dismissal
Must Listen to Consumer on Cattle Feeding Debate
CME: Final US 2014 Meat Data Message Positive
CattleFax: Where’s the US Cattle Open Interest Gone?
Cattle Outlook: Mixed Picture From Market Last Week
US Beef, Pork Exports Break Records in 2014
Calls on Government to Help Pay For Bluetongue Vaccination
CME: Market Reaction to Cattle Report Quite Interesting.
Genomics And Its Role in Efficient, Sustainable Beef
Port Disputes Hurting US Chilled Beef
Rabobank Explores Cow Confinement and Semi-Confinement
USDA Invests $18 Million to Train New Farmers, Ranchers
Could Genetically Engineered Animals Ease World Hunger?
Tyson Reports 37 Per Cent Rise in Quarterly Operating Income
Cows Are Valuable and Not Just For Grinding
CME: Cattle Numbers Higher than Expected
CME: At What Point Must Relative Meat Prices Return to Normal
NFU: Agriculture Has Already Done Its Part to Reduce Deficit
Fresh Call to End Port Dispute Hitting Agriculture Exports

   United Kingdom

Supermarket Makes Stand on Milk Prices
Pregnant Women Advised to Avoid Animals Giving Birth
David Harwood: A Farm Vet's Story
Drought Stricken California Will See Rain, Drier in Mid West
Should CCTV Be Installed in Slaughterhouses?
Government Challenged on Animal Welfare Ahead of Election
Buccleuch Estates Wins Short Horn Award

   China

Chinese Farm Produce Prices Rising

   India

How Will India Address Food Production Challenges?

   European Union

Ten Years of Online Traceability for Safer Food in Europe
Analysis of Antimicrobial Data Confirms Human Animal Link

   Global

Call for Concrete Proposals in World Trade Talks
FAO Food Price Index Falls Again
McDonald's Appoints Easterbrook as CEO
What Role do Retailers Play in Reducing the Use of Antibiotics on Farms?
Major Lift in Global Dairy Trade

   Mexico

Bachoco Posts Five Per Cent Increase in Net Sales

   Brazil

Brazil Seeking More Agriculture Trade with China

   France

Quality Beef and Lamb Flourishes in France

Events/Promotions

swinecast-your-connection-at-your-convenience
The Drost Project - A Visual Guide to Porcine, Pig Reproduction.
VIV Asia 2015
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Partners

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