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Cattle cycle

first_imgBy Brad HaireUniversity of GeorgiaThe prices U.S. farmers get for beef cattle dropped sharply after the report of a deadly cattle disease last winter. But only five months later, prices are high. The cattle business, more than anything else, is about supply and demand and timing.U.S. cattle prices dropped about 16 cents per pound right after the report of a single case of bovine spongiform encephalopathy, known widely as mad cow disease, in Washington State late last year.”The case of BSE shocked the market a bit, but only for a short while,” said Curt Lacy, a livestock economist with the University of Georgia Extension Service. “Prices have since rebounded.”HigherPrices are actually higher now than they were in the same month last year.Cattlemen are getting about 92 cents per pound for animals that weigh 1,100 pounds. Around this time last year, they were getting 78 cents for the same size. Prices peaked at $1.09 per pound in mid-October.Georgia cattlemen now are getting about $1.05 per pound for 500-to 600-pound cattle. They got about 85 cents per pound around this time last year.Very few cattle are slaughtered in Georgia. They’re shipped at a lower weight to the Midwest and the Plains to be fed and slaughtered in facilities there.TimingIf the BSE scare had happened several years ago, it may have had a bigger and longer impact on beef cattle prices, Lacy said. The U.S. cattle herd is low right now. This means that the beef supply is low.The U.S. cattle industry has a rhythm. Cattle prices and herd size fluctuate in a cycle that usually starts and finishes every 10 years or so.It can be complicated to understand completely. But simply put, when the supply of beef is higher than demand, the price of slaughtered cattle goes down. When this price goes down, the price for calves goes down. To maintain an income with less overhead, cattlemen begin to liquidate herds until the beef supply is less than demand and prices go up.When prices begin to rise, they stop liquidating and begin to rebuild herds.The current cycle started in 1990 when cattlemen began to build herds. It should have long finished. The herd size began to decline around 1996 when prices tanked.But extended drought periods since then have parched pastures all over the country and kept cattlemen from rebuilding herd sizes. The cycle won’t be complete until they do.None of this happens overnight. The biology of cows plays a big role in the cycle.If cattlemen began today holding back cattle from market and buying cattle to rebuild herds, Lacy said, it would still take about three years before the effects were felt in the market. A rebuild would initially spike prices even higher.There is some indication that the rebuilding has started, he said.DemandDemand is high for U.S. beef despite bans in Japan and countries in South America. (Mexico has started buying U.S. beef products again.)The beef that wasn’t bought by these countries remained in the United States, increasing the supply. This would seem to lower prices. But it hasn’t.U.S. citizens like U.S. beef and eat about 90 percent of the total production. The United States produced about 26 billion pounds of beef in 2003.Only 10 percent of the U.S. production goes to other countries. Japan, the largest buyer, gets 3 percent.The demand for U.S. beef began to decline in the early 1980s, soon after health studies reported that too much red meat could be bad for health. But with catchy commercial slogans and a more healthful image, beef has regained a prominent place at the table.In 1980, the U.S. per-capita beef consumption was about 76 pounds a year. It has averaged around 66 pounds per year since 2000.last_img read more

Dirr professorship

first_imgBy Jason PeevyUniversity of GeorgiaThe University of Georgia has established an endowedprofessorship in the College of Agricultural and EnvironmentalSciences honoring legendary horticulturist and retired UGAprofessor Michael A. Dirr.The Michael A. Dirr Professorship for Woody Plant Instruction andIntroduction was approved by the University of System of GeorgiaBoard of Regents at its September meeting. It’s based in the CAESDepartment of Horticulture.The professorship has been filled by David Knauft, former CAESassociate dean for academic affairs. Knauft will maintain a woodyplant breeding and development program that supports theinterests of the horticulture industry.CAES Dean and Director Scott Angle said Dirr is one of theforemost authorities in woody ornamentals.“Dirr’s influence has left a mark on the horticulture industryand on the College of Agricultural and Environmental Sciencesthat will not soon be forgotten,” he said. “I’m very pleased thathis love for plants will remain at UGA through this professorshipand through Dr. Knauft.”Now retired and living in North Carolina, Dirr ran a roadsidefruit and vegetable stand as a child. That interest evolved intohis passion for horticulture.Dirr received both his bachelor’s and master’s degrees inornamental horticulture operation and management from Ohio StateUniversity in 1966 and 1971 and a Ph.D. in plant physiology fromthe University of Massachusetts at Amherst in 1972.In 1979, he became the director of the State Botanical Garden ofGeorgia, where he was instrumental in raising $3 million for thenew Visitor’s Center/Conservatory Complex and charted a coursefor a plant collections development. He returned to teaching andresearch at UGA in 1981 and was promoted to professor in ’84.Dirr has published more than 300 scientific and popularpublications and has authored or coauthored seven books. His”Manual of Woody Landscape Plants” is the most widely adoptedteaching and reference text in the country and has sold more than250,000 copies.With Charles Heuser, professor of horticultural physiology atPenn State University, Dirr also produced “The Reference Manualof Woody Plant Propagation,” which has become the standardreference for plant propagators.Dirr’s “Manual of Woody Landscape Plants” was honored by theAmerican Horticultural Society as one of the great garden booksof the past 75 years.(Jason Peevy is the capital campaign communicationscoordinator with the University of Georgia.)last_img read more

PPP loan forgiveness rules for lenders, borrowers released

first_img continue reading » The Small Business Administration (SBA) issued two interim final rules (IFRs) providing paycheck protection program (PPP) borrowers and lenders with additional information on loan forgiveness and the loan review process. The agency previously released the loan forgiveness application for borrowers; NAFCU has consistently sought additional guidance for lenders on the issue.Key things for credit unions to know from the IFR on loan forgiveness:Application: In order to receive loan forgiveness, borrowers must complete the loan forgiveness application (Form 3508) and submit it to their lender. Lenders then have 60 days from receipt of a complete loan forgiveness application to issue a decision to the SBA; lenders are also responsible for notifying borrowers of loan forgiveness amounts. The SBA will remit payment to the lender no later than 90 days after the lender makes a decision. If only a portion of the loan is forgiven and a balance remains, the borrower must repay on or before the two year maturity. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Holder outshines Blackwood, Russell in Tridents consolation win

first_imgTAROUBA, Trinidad, (CMC) – Captain Jason Holder lashed a tantalising half-century as deposed champions Barbados Tridents ended an otherwise dismal campaign on a high note, when they brushed aside Jamaica Tallawahs by seven wickets here Saturday.Already eliminated thanks to six defeats in their previous nine outings, Tridents played with confidence to chase down a tricky 162 at the Brian Lara Stadium, reaching their target with 10 balls to spare.Holder shone with 69 off 42 balls, slamming nine fours and three sixes to pull his side around from a dodgy position of 17 for two in the second over.When he perished in the 13th over, Tridents were still well short of victory but left-hander Jonathan Carter, promoted to open, struck an unbeaten 42 while New Zealander Mitchell Santner continued his good form with a cameo unbeaten 35 to see their side home.Earlier, Jermaine Blackwood carved out a stroke-filled 74 and Andre Russell blasted 54 as Tallawahs reached 161 for four off their 20 overs after opting to bat first.Blackwood provided Tallawahs – already qualified for the semi-finals – with an explosive start, stroking five fours and four sixes in a 69-ball knock.More importantly he inspired an opening stand of 51 with Glenn Phillips (17) and also added 38 for the second with Asif Ali who made five.Phillips was removed in the eighth over by a brilliant catch at deep cover by Keon Harding off left-arm spinner Joshua Bishop and Asif edged a cut behind off leg-spinner Hayden Walsh in the 13th over at 89 for two but Russell arrived to keep the tempo going.He put on a further 37 for the third wicket with Blackwood before dominating a 35-run stand with Rovman Powell (five not out).All told, Russell pummeled four fours and five sixes to mark his third half-century of the tournament before falling to the penultimate ball of the innings, stumped off leg-spinner Rashid Khan.When Johnson Charles chopped on the first legitimate delivery of the innings from speedster Oshane Thomas following two wides, Tridents once again appeared destined for a miserable showing.And Shamarh Brooks’s dismissal in the next over, bowled by a beauty from left-arm seamer Preston McSween for five, only seemed to confirm those fears.But Holder took the game away from Tallawahs with a brilliant counter-attack, adding a precious 90 for the third wicket with Carter, who struck four fours in a patient 44-ball innings.Leg-spinner Sandeep Lamichhane gained a fortunate lbw verdict against the free-hitting Holder but any hopes of a Tallawahs comeback were then ended as Carter and Santner posted 58 in an unbroken fourth wicket stand.The left-handed Santner in particular took the sting out of Tallawahs, belting three fours and two sixes in a sparkling 21-ball cameo, ending the contest by launching seamer Carlos Brathwaite over long on for six.last_img read more

Tony Thomas first to ‘steal’ first base in Atlantic League game, doesn’t get credit for it

first_imgThomas could run because the Atlantic League added “stealing first” to its list of experimental rules last week. A batter can attempt to advance on any pitch that hits the ground. Thomas became the first player to pull off the feat.For the first time in baseball history a player stole first base thanks to the Atlantic League-MLB partnership rule changes! @ESPNAssignDesk pic.twitter.com/yj4FkcZg6O— SoMD Blue Crabs (@BlueCrabs) July 14, 2019After Thomas made his dash, the question “How do you score that?” arose. The play is most similar to a Strike 3 that gets away from the catcher, so should it just be a batter-runner advancing on a wild pitch/passed ball? A guy makes history by “stealing” first base, and he isn’t even awarded a stolen base.Such was the fate of Tony Thomas, who plays for the Southern Maryland Blue Crabs of the independent Atlantic League. His heads-up baserunning Saturday night vs. the Lancaster Barnstormers gave him about four seconds of fame; he made it to first without a throw after an 0-1 pitch sailed to the backstop. MORE: Watch ‘ChangeUp,’ a new MLB live whiparound show on DAZN The Atlantic League’s official play-by-play listed it as a fielder’s choice, with no wild pitch charged to the pitcher. When you think about it, though, the only choice was Thomas deciding to run, unless you also count the catcher holding onto the ball and not risking a throwing error.Anyway, that’s now a thing in the Atlantic League, which is also experimenting with strike zone technology (aka “robot umps”), new rules for pickoff attempts, a free foul ball on a bunt attempt with two strikes and a few other tweaks in its role as a laboratory for MLB. It put off moving the pitcher’s mound back two feet until next year.last_img read more