Improved Weather Conditions and Record Prices Forecast for Cattle Industry

first_img By Gary Truitt – Feb 5, 2014 Improved Weather Conditions and Record Prices Forecast for Cattle Industry Home Indiana Agriculture News Improved Weather Conditions and Record Prices Forecast for Cattle Industry Cattlemen and women gathered today at the 2014 Cattle Industry Convention and National Cattlemen’s Beef Association Trade Show to hear CattleFax market analysts’ projections for the year ahead. Creighton University Professor Emeritus Art Douglas told the audience he expects improved moisture conditions in the majority of the United States, including improvements of the drought-affected areas of the west coast. As precipitation returns back to more normal levels for the 2014 growing season, CattleFax predicts farmers in the U.S. should grow an adequate corn crop to build the carry over supply. The improved corn supplies should assure lower corn/input costs over the next 12-24 months, according to CattleFax Grain Market Analyst Mike Murphy. “The lower input cost will have a direct correlation to improved feeder cattle and calf values in 2014 and with continued  help from Mother Nature, we will be in better shape with regard to hay supply and prices moving forward,” Murphy said.Global Market Specialist Brett Stuart indicated that beef exports are expected to be near even in 2014 with record high prices being the limiting factor. At the same time, expectations are for beef imports to be near even, despite the need for 90 percent trim due to the expected lower non-fed slaughter rates in the U.S. The driving factor for stagnant imports is the growth of China demand for global beef which will continue to divert beef from Australia into the China market and away from the U.S. market.CattleFax Senior Analyst Kevin Good indicated the combination of improved moisture conditions resulting in lower input costs and record high calf values should lead to beef cow herd expansion beginning in 2014.Beef production in the U.S. will fall, with per-capita supply declining 4.5 percent. However, he said the pork and poultry supplies are expected to increase, leaving total meat supplies near even. CattleFax projects the Retail Beef Demand Index will improve by one percent due to continued modest economic growth.  “As we think about our consumers today, not only domestically but globally, they’re a lot more diverse than they have been in past,” Good said. “We’ve got different customers with different preferences and different pockets books.”Good said because of the continued tighter feeder cattle supply, the margin segments of the beef production system, both feed yards and packers, will struggle with excess capacity. Look for continued closure of both packing and feeding entities over the next 12-24 months.Prices are expected to average $135 compared to $126 during 2013, an increase of seven percent. Yearling prices are expected to average $168, an increase of 13 percent from the 2013 average of $146. According to Good, calf prices will average $193, up 13 percent from last year’s average of $168. “After years of tightening supplies, the cow-calf sector will again remain in the driver’s seat during 2014,” Good said.CattleFax CEO Randy Blach summarized the year ahead by saying almost all segments of the production chain will be profitable, although margin operators will continue to face challenges over the next few years.Blach remains optimistic for the long-term cattle industry as the profit incentives will result in a larger U.S. cattle herd over the next five years, creating business opportunities for those willing to adapt to a dynamic and changing business environment. “You can start to see the globalization of the protein markets from the 1990’s on,” Blach said. “We have the most efficient production system in the world and we are the largest exporter of protein onto the global market.” Facebook Twitter SHARE Previous articleFarm Bureau Testifies on EPA OverreachNext articleMore Farmer Options with New Farm Bill Gary Truitt Facebook Twitter SHARElast_img read more

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Green Mountain Coffee Roasters recognized as one of the ‘100 Best Corporate Citizens’

first_imgGreen Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) has been named one of 100 Best Corporate Citizens by Corporate Responsibility Magazine. The 100 Best list is known as the world s top corporate responsibility ranking based on publicly-available information.The 100 Best Corporate Citizens List is based on over 360 data points in seven categories: Environment, Climate Change, Human Rights, Philanthropy, Employee Relations, Financial Performance, and Governance. The 100 Best Corporate Citizens are selected from among the large-cap Russell 1000 companies, with data provided by leading ESG investor data firm IW Financial. GMCR ranked 39th overall and was among the top ten food and beverage companies on the list. It s rewarding to have the passion and work of GMCR employees recognized, and gratifying to see how our efforts contribute to positive change in the world, said Larry Blanford, President and CEO of GMCR. We are proud to be included with the other companies on this list that are demonstrating that profitability can go hand-in-hand with social and environmental responsibility.GMCR s whole system approach to corporate social responsibility includes donating at least five percent of its pre-tax profits to social and environmental projects in local and supply chain communities; maintaining a robust employee volunteerism program; offsetting 100% of its direct greenhouse gas emissions; and investing in Fair Trade Certified ¢ coffee.The list of 100 Best Corporate Citizens will be published in the March issue of Corporate Responsibility Magazine. The list was first published in 1999 in Business Ethics Magazine, and has been managed by CRO and Corporate Responsibility Magazine since 2007. GMCR s growth enabled the Company to be eligible for the new methodology and criteria used to compile the 2010 list.About Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR)As a leader in the specialty coffee industry, Green Mountain Coffee Roasters, Inc. is recognized for its award-winning coffees, innovative brewing technology, and socially responsible business practices. GMCR s operations are managed through two business units. The Specialty Coffee business unit produces coffee, tea and hot cocoa from its family of brands, including Green Mountain Coffee®, Newman s Own® Organics coffee, Tully s Coffee®, and Timothy s World Coffee®. The Keurig business unit is a pioneer and leading manufacturer of gourmet single-cup brewing systems. K-Cup® portion packs for Keurig® Single-Cup Brewers are produced by a variety of licensed roasters and brands, including Green Mountain Coffee, Tully s Coffee and Timothy s. GMCR supports local and global communities by offsetting 100% of its direct greenhouse gas emissions, investing in Fair Trade Certified ¢ coffee, and donating at least five percent of its pre-tax profits to social and environmental projects. Visit www.gmcr.com(link is external) for more information.GMCR routinely posts information that may be of importance to investors in the Investor Relations section of its web site, including news releases and its complete financial statements, as filed with the SEC. GMCR encourages investors to consult this section of its web site regularly for important information and news. Additionally, by subscribing to GMCR s automatic email news release delivery, individuals can receive news directly from GMCR as it is released. Source: WATERBURY, Vt.–(BUSINESS WIRE)–Green Mountain Coffee Roaster. 3.2.2010last_img read more

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