Beef industry traveling to a different drummer this year

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The beef industry stands alone in 2015 in its continued reduction in supplies available to consumers. The year of 2014 was a special year for the animal production industries with record high farm level prices for cattle, hogs, broilers, turkeys, milk and eggs. For 2015, a surprisingly fast expansion of poultry, pork and milk production will cause lower prices for those commodities. Beef stands alone in the continuation toward lower production, but prices remain uncertain.In the first four months of this year, beef production was down by 5%, with slaughter numbers down 7% but market weights up 2%. The reduction is the result of a beef cow herd that had been in decline from 2006, reaching its low point in 2014. Expansion of the beef cow herd began in the last-half of 2014 and current indications are that the expansion continues.Producers can increase cow numbers both by retaining heifers and by keeping older cows for another cycle when they normally would have gone to market. Slaughter of females so far this year indicate producers are doing both. Heifer slaughter last year was down 8% and so far this year heifer slaughter remains down 7%. Beef cow slaughter in 2014 was down 18% and remains down 17% so far this year. While these producer behaviors will build the beef cow herd and eventually increase beef production, the impact for this year is to pull down beef production.Meat availability per person had fallen by about 20 pounds from 2007 to 2014, but is making a sharp comeback in 2015. Current USDA estimates are that per capita meat availability could surge by nearly nine pounds this year. Chicken and turkey lead the way with over five pounds of increase and pork adds an impressive increase of near four pounds per person. This means that the meat industry in one year has restored about 45% of the lost meat availability from 2007 to 2014. The impacts of avian influenza will likely reduce poultry meat production in 2015, but are not included here.The recent Cattle on Feed report from USDA also shows some of the adjustments the beef industry is making. The number of heifers in feedlots as of April 1 was down 10% from previous year levels, most likely confirming a high rate of heifer retention for herd expansion. Secondly, as a result of record high calf prices and weak live cattle futures prices, fewer lightweight calves are moving to feedlots as producers keep those calves on forage diets and background them for longer. The number of calves under 700 pounds entering feedlots in March was down 11%, but the number over 800 pounds was up 16%. In fact, 40% of all placements in March were older calves that were 800 pounds and higher. Improved pasture conditions in the Central and Southern Plains provides some of the explanation, but there were also reports of calves staying on winter wheat pasture further into the spring this year.What are the implications for cattle prices this year? First, a review of the unusual year of 2014 when finished steers averaged a record high $155 per hundredweight. The normal seasonal price pattern for finished cattle is to peak in late March or early April, then move lower into mid-to-late summer, with a rally into the end of the year. In 2014 finished steer prices began the year at $140 and pretty much moved higher throughout the year peaking above $170 in late-November. So far this year, finished steers have averaged $161.50 compared with $146 for the same period in 2014.Live cattle futures are suggesting a return to a more normal seasonal price pattern this year. Peak finished steer prices in 2015 to-date came in early April in the mid-$160s and have declined since. The futures tone stays weak through summer with prices falling to the middle $140s by the end of summer and then rallying to the low $150s toward the end of the year. With prices so far this year and futures estimates for the remainder of the year, finished steers would average $153, a couple of dollars lower than 2014.USDA forecasters in the April 9 WASDE report have taken a much more bullish path with $163.50 at the mid-point of their annual estimated range. Also of note is that USDA analysts increased the potential range of prices as the year progresses. One reason to increase a price forecast range is because of greater uncertainty. Ultimately, prices may be somewhere between these two. Current high $150s prices could drop to the very low $150s by late summer and recover to the mid-$150s by the end of the year, with annual prices near last year’s $155. One thing seems certain — 2014 was an extraordinary year for the animal industries. So comparing this year’s prices to last year’s prices may bring inherent dangers. But, the beef industry is the only one which will not increase production this year and therefore has a reasonable chance of seeing annual price averages near 2014 levels.The wide difference of opinions about cattle prices for the remainder of this year point out the large price risks for cattle finishers. Cattle feeders already have record amounts of money invested in the cattle in their feedlots. Even with the lowest feed prices in five years, they are vulnerable to weak live cattle prices as the futures market is currently suggesting. Feedlot managers should strive to price calves based on budgets using current futures prices and then should look to hedge those cattle with either futures or put options. If feedlot managers find themselves bidding so much for calves that they have to have a sizable rally in the live cattle futures to cover costs, they may want to re-think buying the calves in the first place.last_img read more

‘Not our night’: Folayang admits careless mistake cost him ONE lightweight crown

first_imgCayetano: Senate, Drilon to be blamed for SEA Games mess UAAP men’s volleyball: Adamson stuns FEU, UST eliminates UP from Final 4 race Folayang said the home crowd also played a factor in the match as it served as a boost for Aoki.“He got his confidence from the Tokyo crowd,” he said.READ: Back to zero as Team Lakay loses all ONE world titlesThe 34-year-old Folayang added his strategy was working as planned until Aoki took him to the ground.“Actually, I had a good game plan. I was baiting him, and I can feel like he was getting comfortable with his striking. However, he immediately went for the takedown when he got clipped,” he said.ADVERTISEMENT “It’s his night. It’s a lesson for me not to be complacent in anything, though we all know that the ground game is his area of expertise.”Sports Related Videospowered by AdSparcRead Next View comments PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Philippine Arena Interchange inaugurated MANILA, Philippines—One crucial mistake was all it took for Eduard Folayang to lose his ONE lightweight world title to Shinya Aoki.ADVERTISEMENT That lapse resulted in a first round loss to Aoki, who put him to sleep with an arm-triangle choke in the main event of ONE: A New Era in Tokyo, Japan.“It was not our night. I made a huge mistake on my part. Although I know that when Shinya gets the opportunity for the takedown, he won’t be wasting it,” said Folayang, who scored a third-round TKO over Aoki in their first bout in 2016.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsREAD: Shinya Aoki puts Eduard Folayang to sleep to take back ONE lightweight belt“I think my main fault was trying to escape his side mount carelessly and that’s when he capitalized and applied the choke,” he recalled. “It was really tight, and he had a good grip in it. He wasn’t going to let it go as he sunk it deep.” MOST READcenter_img LATEST STORIES Private companies step in to help SEA Games hosting Don’t miss out on the latest news and information. Panelo: Duterte ‘angry’ with SEA Games hosting hassles SEA Games hosting troubles anger Duterte Duterte wants probe of SEA Games mess DA eyes importing ‘galunggong’ anew Hontiveros presses for security audit of national power gridlast_img read more

Explore Bob Dylans Born Again Era In New Film Book and Box

first_img Explore Bob Dylan’s “Born Again” Era In New Film, Book and Box Set Email The New York Film Festival will premiere a new concert film while a book and box set also hit shelves this fall.Nate HertweckGRAMMYs Aug 29, 2017 – 10:41 am This fall, a few new gems will be unearthed for fans of Bob Dylan’s deep catalog. NETWORK ERRORCannot Contact ServerRELOAD YOUR SCREEN OR TRY SELECTING A DIFFERENT VIDEO May 15, 2017 – 1:50 am Watch highlights: Bob Dylan MusiCares tribute New Bob Dylan Concert Film, Book & Box Set explore-bob-dylans-born-again-era-new-film-book-and-box-set Facebook The New York Film Festival will premiere a Dylan concert film featuring performances from the GRAMMY-winners late 1979-1981 “born again” era. The film, directed by Jennifer Lebeau, is entitled Trouble No More, and includes performances from Toronto and Buffalo at the tail end of Dylan’s 1979-’80 tour, as well as select sermons read by actor Michael Shannon and written by writer/critic Luc Sante, according to Pitchfork. The New York Film Festival runs from Sept. 28 to Oct. 15.Dylan’s “born again” era is also the subject of a new book by Dylan biographer Clinton Heylin. Trouble In Mind: Bob Dylan’s Gospel Years – What Really Happened breaks down the three albums during this period: Slow Train Coming, Saved, and Shot Of Love. Heylin’s latest delve into Dylan’s career a hits shelves Nov. 14, and will coincide with the release of a new Sony Bootleg box set, also due out in November.Read More: Revisit Bob Dylan’s GRAMMY History News Twitter last_img read more

Trash can redux Reexamining the legacy of the 2013 Apple Mac Pro

first_img $4,689 Now playing: Watch this: Adorama 4 Computers Desktops Best Buy Mentioned Above Apple iMac Pro Preview • iMac Pro puts the soul of a Mac Pro in an iMac body CNET may get a commission from retail offers. $4,999 $4,649 Apple Apple $4,999 Jun 14 • Apple Music vs. Apple Podcast vs. Apple TV: What’s the difference? The 2013 Apple Mac Pro. Sarah Tew/CNET In London last week to speak at a video games industry conference, I found myself in Harrods, the famously extravagant department store with everything from gourmet food to expensive suits to collectible coffee table books the size of actual coffee tables. (Editor’s note: Apple unveiled a new Mac Pro at WWDC on Monday.)Naturally, I had to check out the technology section, a long series of corridors filled with high-end gear, from £700 David Lynch Edition Bang & Olufsen speakers to a £1,200 Alligator skin iPhone case.Read more: Meet the new Mac ProIn the dedicated Apple nook of the store, I saw an old friend that I had not expected to. Right next to all the relatively new iPad Pros and Apple Watches, I saw a prominently displayed Mac Pro desktop. It looked just as it had in 2013, when that bold design launched, and yes, Harrods was selling it at its full price ($3,000 and up). Long before butterfly keyboards and Touch Bars, the Mac Pro was the Apple design it was popular to hate on. The design was radical for 2013, coming after years of traditional desktop towers. At the time, I found the change bold and forward-looking, but in hindsight, it was too focused on aesthetics and not enough on functionality. With extremely limited upgradability compared to the old tower design, the Mac Pro could not keep up with the growing demands of creative power users in an evolving world of 4K/8K video, HDR photography and VR/AR development. Apple Mac Pro (2013)Get a look at that interior. Sarah Tew/CNET At the time, I said, “Apple’s new Mac Pro is a stunningly fresh take on the desktop computer. But it’s probably not for you.” One reason was that nearly any expansion would have to happen via externally attached Thunderbolt devices, and even in casual use, all those cables quickly added up to a cluttered workspace.From my original review: “Components are built around something Apple calls a unified thermal core. A small lock switch is moved to the unlocked position, and the entire outer sleeve of the system lifts off, exposing the interior… the idea being promulgated here is that your expandability should flow outward, not inward.”But it was that very thermal core that prevented the Mac Pro from keeping up customers’ needs, especially for graphics power. By 2017, the company had essentially thrown up its hands in the matter, giving the same trash can chassis a reasonable spec upgrade, but then shifting the conversation to a completely different future version of the Mac Pro desktop that would trade the now 6-year-old design for something new and modular. Apple Mac Pro (2013)The 2013 Mac Pro next to an even older tower Mac Pro. Sarah Tew/CNET We’ve been waiting ever since, and in the meantime, Apple execs have dropped a handful of hints, most centered on a “not now,” “not yet,” “maybe next year,” message. An upgraded all-in-one desktop, called the iMac Pro, has attempted to fill some of that marketplace hole, but that system has similar expandability limitations and is also based on a very mature iMac design (plus you’re stuck with a computer and display built into a single unit). This week’s WWDC keynote may be where that wait ends. While the Harrods sales staff may not have read into it yet, the Apple rumor mill is all-in on a new the Mac Pro at least making a preliminary appearance at Monday’s keynote. Follow along with us at our Apple WWDC 2019 keynote liveblog and video stream, starting Monday, June 3, 9:30 a.m. PT. Aug 19 • iOS 13 and iPadOS: How to join the beta, use the best new features on your iPhone and iPad See It Apple iOS 13: New Siri voice, camera tools, Dark Mode for iPhone New Mac Pro makes its debut, starts at $5,999 Apple gives the iPad its own OS Returning to Apple’s WWDC after 20 years, now with 5 OSes instead of 1 Get all the latest from WWDCcenter_img reading • Trash can redux: Reexamining the legacy of the 2013 Apple Mac Pro Hands-on with Apple’s new Mac Pro desktop See also See It Apple iMac Pro See All Share your voice See It Tags WWDC 2019 See it Jul 5 • RIP, iTunes. This is what happens to your Apple music now Comments WWDC 2019 3:15 Jun 30 • iOS 13 and iPadOS public betas: How to download and install them now •last_img read more

Intellectuals murdered to create void

first_imgSome of the martyred intellectuals. File PhotoJatiya Sansgad speaker Shirin Sharmin Chaudhury has said collaborators murdered intellectuals just days before liberation of the country to create a void in the intellectual firmament of the newborn nation.The speaker was addressing a rally marking the ‘Intellectuals Martyred Day-2017’ on the premises of Pirganj Shaheed Minar on Thursday morning.She urged the new generation to step forward for building the country imbued with the spirit of the liberation war, reports UNB.“We have to inform our young generation about the fact of war of liberation and history of supreme sacrifice of martyred intellectuals”, Shirin said.She added that school students have to be informed about the spirit of liberation war, long struggle of Bangabandhu Sheikh Mujibur Rahman for the country, and supreme sacrifice of 3 million martyrs in 1971.Speaker Shirin also said the nation is very happy for the inclusion of the historic 7March speech of Bangabandhu Sheikh Mujibur Rahman in the memory of the World International Register, a list of world’s important documentary heritage maintained by UNESCO.She urged students to listen to the speech repeatedly and realise its message and hold it in their hearts.Earlier, Shirin paid tribute to martyred intellectuals by placing floral wreath at the Shaheed Minar.The speaker stood in solemn silence for a few moments there.Read More: Nation paying homage to martyred intellectualslast_img read more

Drug peddler stabs Narayanganj police officer

first_imgA police officer was stabbed by a drug peddler during an anti-drug operation at Dorisonakanda area in Narayanganj port on Wednesday noon.The police officer Ilias Shah is a sub-inspector of Narayanganj port police station.Being tipped-off, a police team led by SI Shah, arrested a warranted drug peddler Rabiul Islam, son of Tukku Mia, who is influential in the community. Tukku tried to get his son released from the police and during a back-and-forth stabbed the sub-inspector on his chest, leaving him critically injured, said AKM Shahin Mondol, officer-in-charge of Narayanganj port police station.But the other police personnel accompanying them were able to arrest the father Tukku Mia and his son Rabiul Islam from the operation, the officer added.Later, the injured sub inspector rushed to local health complex and from where he transferred to Dhaka Medical College Hospital as the condition deteriorated, said Dr Mahabub Alam, medical officer of port upazila health complex.last_img read more