Category: markets
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What’s the Surprise
<a href="http://hosted.ap.org/dynamic/stories/J/JAPAN_BEEF_BATTLE?SITE=MTBIL&SECTION=BUSINESS&TEMPLATE=DEFAULT">Japanese shun U.S. beef, eat Australian</a><br />n<br />n<blockquote>Kenji Miyoda, savoring a bowl of rice topped with beef from Australia, raw egg and spicy sauce, believes Australian beef is far safer than American beef.<br />n<br />n"It tastes OK, it's cheap, and it fills me up," the 27-year-old banker said gobbling down his 450 yen ($4)…
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Growing Pains
The ethanol industry is having some growing pains. According to <a href="http://news.yahoo.com/s/ap/20060320/ap_on_bi_ge/gas_prices_ethanol">this story</a>, the price we will pay for gasoline this summer is going to be significantly higher because there is not sufficient distribution facilities to get the ethanol where it needs to be causing shortages of fuels in some markets.<br />n<br />n<blockquote>But there's trouble…
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It Was Expected
<a href="http://www.cattlenetwork.com/content.asp?contentid=24356">S Korea Still Has Concerns About Mad Cow In US</a><br />n<br />n<blockquote>South Korea still has outstanding concerns about the latest case of mad-cow disease found in the U.S. and that may be delaying the process to resume beef trade, U.S. industry and government officials said Monday.<br />n<br />nSouth Korea is concerned about the age…
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Rail Rates
Aaron asks the question, <a href="http://treasurestatejudaism.blogspot.com/2006/03/controversial-question-are-high.html">"are High Railroad Rates Good or Bad for Montana?"</a> He specifically asked me for my opinion as an agricultural producer. Why you ask a cattle rancher who got out of wheat production because of it's impending profitability a question about freight rates of wheat is beyond me but I can…
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Assurance
How do we assure South Korea and Japan we take <acronym title="Bovine Spongiform Encephalopathy">BSE</acronym> seriously and want to ship out beef products to their country? At the same time we announce a <acronym title="Bovine Spongiform Encephalopathy">BSE</acronym> case in the US, we also announce that we are <a href="http://www.billingsgazette.net/articles/2006/03/14/news/state/31-madcow.txt">cutting back on <acronym title="Bovine Spongiform Encephalopathy">BSE</acronym> testing</a>.…
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Damn
<a href="http://www.aphis.usda.gov/newsroom/content/2006/03/bsestatement3-13-06_vs.shtml"> Statement by <acronym title="United States Department of Agriculture, Bought and Paid for by The Big Meat Packers">USDA</acronym> Chief Veterinary Officer John Clifford (DVM) Regarding Positive <acronym title="Bovine Spongiform Encephalopathy">BSE</acronym> Test Results</a><br />n<br />n<blockquote>
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Unfair Trade Practices
<a href="http://www.yomiuri.co.jp/dy/world/20060312TDY01004.htm"> Bush's beef remarks show rising U.S. ire</a><br />n<br />n<blockquote>U.S. President George W. Bush voiced high expectation Friday of Japan's early resumption of U.S. beef imports in a speech at a conference of media company managers that showed signs of Washington's increasing irritation over the issue.<br />n<br />nJapan reimposed the ban in January after…
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Not Necessary
We have an announcment that there is a possible new case of <acronym title="Bovine Spongiform Encephalopathy">BSE</acronym> in the US and now what do I see?<br />n<br />n<a href="http://english.people.com.cn/200603/13/eng20060313_250215.html">Seoul to reconsider imports of US beef if mad cow case confirmed: official</a><br />n<br />n<blockquote>South Korea may again ban imports of U.S. beef if tests confirm a suspected…
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New Market
<a href="http://www.usda.gov/wps/portal/usdahome?contentidonly=true&contentid=2006/03/0068.xml">MALAYSIA OPENS MARKET TO U.S. BEEF PRODUCTS</a><br />n<br />n <blockquote>WASHINGTON, March 7, 2006 – Agriculture Secretary Mike Johanns today announced that Malaysia will resume imports of U.S. beef and beef products.<br />n<br />n"I'm very pleased with the reopening of the Malaysian market to U.S. beef and beef products," said Johanns. "Today's announcement is another…
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Mixed Signals
Is the beef industry sure getting mixed signals from Japan now. <br />n<br />n<a href="http://www.brownfieldnetwork.com/gestalt/go.cfm?objectid=6A8E3CB0-CCF4-4589-C6AE330B283522DB">Japanese impressed with U.S. meat processors</a><br />n<br />n<blockquote>Japanese officials think the U.S. processes beef perfectly, according to a story from the Dow Jones Newswire. Leaders from Tokyo traveled to Kansas for a first-hand look at processing plants and American slaughter procedures.</blockquote><br…