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Lost Bull registered Black Angus last seen Eagle Creek, Oakfields area, south of 775 July 20th. 214 freeze branded left hip & tattooed in ears. Green eartag.Larry Smith 210 557-9201
Found: Charm with picture of couple, at Pecan Park, July 17. Call to identify and pick up, 830-393-6785.

VideoLost: Heifer, near 1303 and Country View Land, went missing on June 24, reward! 210-838-0667.
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Seeking individual to work in a local child-care center, paid holidays, etc., must be high school grad or GED. Apply in person at Cubs Country Childcare, 212 FM 1346 in La Vernia.
The Floresville Independent School District is accepting applications for District Wide Custodian Positions, 2:00 p.m. to 10:30 p.m. shift. Applications may be obtained online at www.fisd.us or contact Sylvia Campa at 830-393-5300 ext. 14002 for appointments. FISD Personnel Office is located at 1200 5th St., Floresville, Texas. 830-393-5300 (Office hours: 8:00-4:00). Applications will be accepted until all positions are filled. An Equal Opportunity Employer.
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Agriculture Today


Cattlemen send marketing comments




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January 12, 2011 | 2,939 views | Post a comment

Ranchers-Cattlemen Action Legal Fund, United Stockgrowers of America (R-CALF USA) submitted its formal comments Jan. 3 to the Commodity Futures Trading Commission (CFTC) for the CFTC’s rulemakings as required by the Dodd-Frank Wall Street Reform Act. According to a Jan. 4 R-CALF USA press release, the group urged the commission to use its rulemaking authority to fully restore the cattle futures market to its original purpose of affording U.S. cattle producers a useful marketing tool, void of distortion and manipulation by certain speculators and other dominant market participants, i.e., the concentrated meat packers.

In its comments, R-CALF USA again pointed out that U.S. cattle producers sell their cattle into one of the most highly concentrated marketing structures in the U.S. economy, as today, the four largest U.S. beef packers purchase and slaughter about 85 percent of all slaughter-ready steers and heifers.

“The cattle futures market is susceptible to downward price movements -- in contradiction to supply/demand fundamentals, when beef packers, who may hold a physical hedging position in the market, also engage in substantial speculative short selling of the market,” R-CALF USA CEO Bill Bullard explained. “The effect of the beef packers’ speculative short selling is to lower not only the futures market price, but also the cash spot market price, which intrinsically is tied to the futures market.”

R-CALF USA believes the commission should:

•Make it unlawful for dominant beef packers to engage in speculative short selling of the market to effectively drive down both futures prices and cash cattle prices.

•Ensure that the live cattle futures market is dominated by physical hedgers, which can be accomplished in the Commodity Futures Trading Commission’s rulemaking by imposing aggregate speculative position limits and distinguishing trades involving bona fide hedgers versus those involving speculation.

•Impose effective speculative position limits across all markets that would curb the commodity indexing strategies of large institutional investors, whose strategies severely distort futures market price discovery.

•Restore daily market price limits to levels that minimize market volatility and reform the practice of allowing cash settlements on futures contracts in lieu of actual delivery of the commodity, a practice that effectively lowers the cattle futures price on the day of contract expiration.

•Impose effective speculative position limits on all feed grain commodities markets that would alleviate the transference of market distortions from the feed grains futures market to the cattle futures market.
 

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