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News Update Announcing the Angus Beef Bulletin Extra The Angus Beef Bulletin is currently published five times per year August/September, October, January, February and March. We’d like to keep you informed of Association and industry events and issues that happen in between. So, this winter we will debut the Angus Beef Bulletin Extra, an electronic supplement to the printed version. At its launch, the Extra will be e-mailed monthly to subscribers who sign up for the Extra at www.angusbeefbulletin.com (see signup in upper left corner of screen) or by e-mailing bulletinextra@angusbeefbulletin.com and including “subscribe” in the subject line. Stand-alone advertising will not be e-mailed through this distribution list. Through the Extra, we’ll provide production management information, news of Association programs and services, marketing information and additional feature stories to help you make the most of your Angus genetic purchases and stay abreast of the beef industry. There’s lots of news that happens between published issues; sign up for the Angus Beef Bulletin Extra to receive the historic first copy, which will e-mail Nov. 20. Purdue Specialist Forecasts Modest Recovery in Cattle Market A Purdue University marketing specialist said while the cattle market has followed the downturn in the world economy of late, some recovery in prices can be expected in the coming months. Chris Hurt said markets often anticipate the worst, in this case a depression, and if the worst does not occur, there is some recovery. Though he believes the odds favor a recession and not a depression, Hurt said the cattle industry has been caught in the web of uncertainty in the financial markets. “The cattle industry is no exception, as both domestic and foreign demand for beef is related to consumer incomes,” Hurt said. “As a consequence, beef supply fundamentals seem less important to prices, at least for now.” Hurt said the corresponding decline in feed prices has helped reduce the costs of finishing cattle and kept the decline in calf prices more moderate. His calculations show feed prices have fallen by a much larger percentage than cattle futures. Beef demand and cattle prices are directly affected by consumer income, according to Hurt. The current financial crisis has reduced income and, therefore, the demand for beef and cattle. Hurt said recovery in the fed-cattle market to the low- to mid-$90s would seem the most likely possibility in the coming months. He sees a $5- to $7-per-hundredweight (cwt.) improvement in feeder and calf prices. Hard Freeze Could Reduce Row Crop Yields in Some Areas Normally a hard freeze in late October or early November in Kansas comes too late to hurt row crop yields. But this year, a significant acreage of grain sorghum and soybeans may not have reached maturity at the time of the first hard freeze, said Kraig Roozeboom, Kansas State University (K-State) Research and Extension crop production specialist. A smaller proportion of the corn acreage also may be susceptible to yield losses from the hard freeze, Roozeboom added. “This is due to a combination of late planting and relatively cool summer and fall temperatures,” he said. The potential for yield loss on immature crops is different for grain sorghum, corn, soybeans and sunflowers. He explained some of the differences:
More information, including calculating heat units and expected yield losses from freezes at different levels of heat unit accumulation in corn and sorghum and information about harvest options after a freeze, is available in the Extension publication MF-2234 “Fall Freeze Damage in Summer Grain Crops” at county and district K-State Research and Extension offices and online at http://www.oznet.ksu.edu/library/crpsl2/MF2234.PDF. Release written by Steve Watson, provided by K-State Research and Extension. compiled by Mathew Elliott, assistant editor, Angus Productions Inc. |
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