Monday, June 27, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found


VideoLost: Lab/Pit, missing evening of Mon., June 6, between 5-8 p.m., from Shannon Ridge Subdivision, Floresville, his name is Buster. Call 210-331-8966 if found.
Found: Husky on Hwy. 181 in Floresville near Whataburger. Call 210-997-6010.

VideoFound: Great Pyrenees on CR 124, June 5, young male, not neutered, red banded collar, no tag, black spot on tip of tongue, cannot keep. 830-216-2380.
More Lost & Found ads ›

Help Wanted

Maverick Grill is hiring wait staff, bus staff, line cook, and dishwasher. Apply in person Mon.-Fri. between 2-5 p.m., 6671 U.S. Hwy. 181 North, Floresville. 830-216-2712.
>Lubrizol Oilfield Solutions located in Elmendorf, Texas is looking to fill the following full time positions: Production Operators, Material Handlers, and a Lab Technician. If interested, please apply online at www.lubrizol.jobs. Lubrizol is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status.
More Help Wanted ads ›

Featured Videos





Video Vault ›
You’ve been granted free access to this subscribers only article.

Agriculture Today


Cattlemen send marketing comments




E-Mail this Story to a Friend
Print this Story
January 12, 2011 | 3,098 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.
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Agriculture Today Archives


Full article available to Wilson County News subscribers only. Click here to subscribe. County committee nomination period begins (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Hartmann takes the steer by the horns to win state championship (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. La Vernia FFA wraps up school year with honors, scholarships (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Livestock Market Reports (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Root rot knocks out roses (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. TDA Market Recap (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Texas Hay Report (June 22, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. A student’s ag-related journey (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Family Land Heritage news (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Five dirty truths on agriculture (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Horseherb galloping through yards (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Kristin Storey: South Texas queen to compete for national title (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Livestock Market Reports (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Miller announces assistance for farmers devastated by floods (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. No “rain, rain, go away” as precipitation persists (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Schwartz takes lead as Texas state veterinarian (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. TDA Market Recap (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Texas Hay Report (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Texas Rural Leadership Program (June 15, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. It’s almost rodeo time in Stockdale (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Livestock Market Reports (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Save seed pods for next fall (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. TDA Market Recap (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Texas Hay Report (June 8, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Big Time Texas Hunts entries now on sale (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Burbridge leads the way in Buck Taylor roping event (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Farm Bureau solicits AgLead, FarmLead participants (June 1, 2016)
June 2016 Gardening Calendar (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Livestock Market Reports (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Save squash from vine borers (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. State Farm Bureau testifies on agricultural use valuation (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. TDA Market Recap (June 1, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Texas Hay Report (June 1, 2016)
Coupons ag-right
Triple R DC ExpertsAllstate & McBride RealtyHeavenly Touch homeVoncille Bielefeld home

  Copyright © 2007-2016 Wilson County News. All rights reserved. Web development by Drewa Designs.