Archive for the ‘George Morris Center’ Category

US Cattle on Feed Report: Kevin Grier, George Morris Center

June 20, 2009

Yesterday, the US Cattle on Feed Report was released and in my opinion they should get the attention of producers but also consumers.  To get a better handle of the situation I asked Kevin Grier of the George Morris Center, to provide a summary:  


–Cattle and calves on feed inventory was 4 percent below June 1, 2008. 

–Placements in feedlots during May totaled 14 percent below 2008.  This is the second lowest placements for the month of May since the series began in 1996.

–Marketings of fed cattle during May totaled 9 percent below 2008.  This is the lowest fed cattle marketings for the month of May since the series began in 1996.

–The actual numbers were close to analysts’ pre-report estimates as tabulated in the Daily Livestock Report, June 18.  The placement total might be considered bullish for the deferred months which could result in futures getting a boost on Monday.

I would like to thank Kevin for his comments and encourage people to subscribe to any of Kevin’s publications; Canadian Cattle Buyer, Grocery Trade Review, Canadian Boxed Beef Report, Canadian Chicken Market Review or the Canadian Pork Review.

Kevin Grier, George Morris Center—Alberta Changes Association Checkoff Rules

May 20, 2009

Last month the Alberta Government announced that they were changing the checkoff rules for pork, beef, potatoes and lamb in the province. This has been a very controversial topic because of the massing theories as to what will happen with that money if a refund is requested.

I spoke to Kevin Grier, Senior Market Analyst at the George Morris Center as to what he thought would come of the new check off rules.

“I am in favor of check off in support of ABP and Alberta Pork. If producers don’t think their association is doing a good job, then they need to participate and make changes through the structure. The issue in Alberta was probably brought to a head due to the ongoing structural and strategic differences among the cattle organizations. These differences, however, are not new and they exist across the country, so Alberta is not unique. Every province has friction between sectors of the cattle industry.

What is unique to Alberta, however, is the emergence of the new grant program, ALMA. The government, at least under the current minister, seems to want the new grant program to provide the leadership to the entire livestock industry. The minister has decided that government money, under the direction of very qualified and intelligent people from the industry, is going to lead to a more successful industry. I don’t see it.”

I would like to thank Kevin for his comments and encourage people to subscribe to any of Kevin’s publications; Canadian Cattle Buyer, Grocery Trade Review, Canadian Boxed Beef Report, Canadian Chicken Market Review or the Canadian Pork Review.