Wednesday, April 13, 2011

CME Ag Report - Opening Calls 4/13/11

Below is today's Opening Call Corn/Ag Report Commentary from the CME....everything in this report indirectly relates to my everyday job...aka now I actually have a valid excuse for my nerdy nighttime reading...it relates to my paycheck...yep...major GRACE MomenT! ;) What was one of your gRaCE moments of today? 

Corn: Ag Report 
(CME Daily Market Commentary)

** OPENING GRAIN CALLS **
Corn: 5 to 7 cents higher; tight old-crop stocks, planting delays.
Wheat: 4 to 6 cents higher; weather concerns in the Plains.
Soybeans: 7 to 10 cents higher; short-covering.
Meal: $1 to $2 higher; spillover from soybeans.
Soyoil: 30 to 50 points higher; spillover from soybeans, crude oil.

Following yesterday's sharp losses, grain futures were higher on short-covering overnight amid ideas losses were overdone. But futures only recouped a portion of yesterday's losses in overnight trade. If grain futures can build on overnight gains, however, it would suggest yesterday's round of liquidation pressure has run its course. Additionally, outside markets are price-supportive this morning. The dollar is slightly weaker, while crude oil and gold futures are firmer.
Ongoing concerns about tight old-crop corn stocks and planting delays are expected to bolster corn futures this morning. Cooler temps are entering the Corn Belt, with a more active precip pattern seen into early next week. As a result, traders are becoming more fearful of a late start to the planting season in the Corn Belt.

Weather is also a worry for the hard red winter wheat crop. This week's light rains are not enough to erase the drought, maintaining crop stress.
Traders in the soybean pit are digesting news Chinese buyers are negotiating to cancel or defer delivery on 10 cargoes of South American beans. Tightening crush margins have left importers overbooked.

** OPENING LIVESTOCK CALLS **
Live cattle: Steady to firmer; yesterday's losses overdone.
Feeder cattle: Steady to firmer; spillover from live cattle.
Lean hogs: Steady to firmer; short-covering.

Livestock futures are called to open steady to firmer on ideas yesterday's losses were overdone. General commodity buying was seen in overnight trade, leading to expectations for spillover into the livestock markets this morning.
Cash sources look for packers to more actively bid for cattle today, but that doesn't mean higher cash cattle prices are expected. While boxed beef prices have stabilized on improved movement, expectations are for steady to weaker cash cattle trade after yesterday's sharp pressure on futures.
Live cattle technicals also weakened after yesterday's island-top formation in June live cattle -- suggesting a high has been posted.
Additional support in the lean hog market is expected from yesterday's sharp recovery in pork cutout values, helping to boost packers' profit margins. The cash market is expected to be mostly steady today, but some firmer undertones are possible as packers compete for tightening supplies and still need to fill late-week needs. Downside risk in April lean hogs will be limited by cash strength ahead of Thursday's expiration.

(WA Feeder Cattle Cash Prices - 4 weights sold for $175 Last Thursday @ Toppenish Livestock Commission's special Feeder Sale. Avg weight: 595# Avg Price: $162/100 wgt, 1342 steers & heifers sold)

Wednesday, March 9, 2011

Humble Lessons Learned~PNW Young Cattlemen's Conference

Pacific Northwest Young Cattlemen’s Conference

Humble Lessons Learned

A few days ago I found myself once again sitting on what has now become a staple ride in my life, the ever infamous tour bus. As I was traveling the countryside along I-84 just south of the Washington border I realized the cattle industry has in fact brought a constant to my life. In the past three years if there is one thing I can count on it would be that a ride in a tour bus through barren countryside will most definitely find its way on my yearly agenda! It seems any shenanigans I am involved with can be traced back to those inconspicuous tours with ‘Cattlemen’s Conference’ in the title. This most recent ride through the western countryside was no exception, as it was in honor of the 2nd Annual Pacific Northwest Young Cattlemen’s Conference.

I cannot begin to tell you about this year’s PNW YCC tour without reminding my fellow WCA members of the tour and my humble if not naïve beginnings. If I think back to January of 2009, I was just a few months into volunteer writing for the WA Cattlemen’s Association. At that time I did not even know what a ‘Cattlemen’s Conference’ was, let alone did the Pacific Northwest Cattlemen’s Conference yet exist. I did not even learn of NCBA’s Cattlemen’s Conference until late February of 2009. All I had to hear was a trip that ended in Washington DC and I was determined to get myself there. Two months later I had found myself a spot on that big ol’ tour bus and was in for much more than a tour of the nation’s capital. Since then there has been no hint of ‘woah’ in the WCA or my vocabulary, thus the cattle shenanigans began!

Jump forward to January, 2010 and the first ever regional Young Cattlemen’s Conference was held right here in the little ol’ Pacific Northwest. The previous summer I received a call from Julie Laird, director of Oregon Cattlemen’s young member Association. Julie and Ron Rowan of Beef NW Feedlot had come up with an idea to bring the same caliber of tour as the national YCC here to the Northwest. I immediately took them up on their offer to be part of this opportunity and the planning began. With a dose of hope and positive thoughts, our goal was to have 25-40 folks attend, however, our positive thinking brought in 125 registrants to this inaugural PNW YCC tour.

January, 2011 ushered in the second annual PNW YCC tour and with it came 150 registrants. If my WSU math skills serve me well, then the proof is in the numbers that the inaugural tour was far more than beginner’s luck. A master philosopher once said, “If you build it, they will come”. We built this year’s tour around the Columbia River and all that the abundance it provides for WA, OR, and ID. We met in Pendleton, OR and quickly loaded the buses for our first stop at Beef Northwest's Boardman, OR feedlot. Pete Szasz led the tour around the feedlot and also gave us an in-depth outline of each department that makes a feedlot go 'round. From learning where the feed originates from, animal health, feedlot records/accounting, & traceability of finished product not a detail of the cattle feeding industry was left out. We learned about both conventional cattle feeding as well as an overview of natural and other niche feeding programs. From there we toured Columbia River Dairy, a 24,000 dairy that milks 70% Jersey cows. This dairy is part of RDO Farms and therefore most of the cattle feed is supplied by the farming operation or other locally produced commodities. In all the hype of the green movement, is there anything more green than using commodities from your own back yard? After the dairy we jumped over to lunch at the Port of Morrow which was one of the highlights of my day seeing as I work in the agricultural export industry. A tour of Pacific Ethanol followed and the buses split off to tour MacKenzie Ranch or LGW Ranch. I had the pleasure of visiting LGW Ranch, owned and operated by the Wadekamper family. Evach individual on our bus was both humbled and inspired by this amazing family. Our cup of inspiration and motivation runneth over at this stop. From there we traveled on to Baker City for dinner and a round of speakers at the Thomas Angus Ranch. We received top treatment with a steak dinner served in their beautiful barn and a chance to hear from speakers that had been flown in from around the country. Saturday found us ushered back on the buses for the trip to La Grande, OR for a day at Beef NW's 7th annual Cattlemen's Workshop. We heard from industry brains from as far as the University of Kentucky, Texas A & M, and every place in between. In less than 24 hours, 150 folks traveled over 320 miles, toured every aspect of the cattle industry and received an education that many college degrees will never supply. The most humbling part? Every inch of this opportunity was free thanks to generous donations by the three PNW Cattlemen Associations, our allied industries, as well as the individual time, money, and hospitality generously given by each facility and speaker. There is nothing of monetary value gained from those involved in such generous opportunities as this tour. Would you believe that? What is gained can never be counted in silver or gold. These folks share their own good fortune, the lessons they have learned and the knowledge they possess so that those coming up in the ranks will have a fighting chance at making it in this world.

Before and after that infamous ten day trip across the US back in 2009 as part of the NCBA Young Cattlemen’s Conference I earnestly pursued starting something in the WCA for members to be involved in that were…well... younger than our grandparents. Once my YCC trip was over and I landed back in WA I was even more convicted of offering some fresh involvement for the generations of "X, Y, Z". In just a few short years I continue to be amazed at all the opportunity awaiting us in this world, especially in the cattle industry. Each of us have faced a severe recession, uncertain political climate in our country and world, and numerous personal losses. However, opportunity IS patiently waiting to be found under every rock, hard place, and even under every cow’s tail. I have found that opportunities are as readily available as Costco samples on a Saturday and my desire has been tha folks from my neck of the woods will have knowledge of these opportunities. From my experience, it is so easy to be involved in the cattle industry on any level of involvement one desires. The key word being, involved.

What are we taught from a young age? Well, we are taught a dirty word or a sassy tone mean lunch tastes more like a bar of soap than a bologna sandwich. We are taught not to do drugs or alcohol (thank you DARE), and we are taught to be nice to other people. The most important lesson we are ALL taught as soon as we can walk on our own is in order to function in life, in order to survive, we must evoke effort. Resourcefulness, being involved, putting forth effort, just being present in life, does not come easy to some. Those that did not know how to start a washing machine until college or later, YES I am referring to you. Eventually though the bars of soap get put away, the playground teachers are no longer around to preach about sticks & stones, and we all have to do our own laundry. It is time to get take initiative and clean up some parts of our lives because folks are waiting on you. Look around and you will see how much you are needed by your neighbors, your community, and your industry. You would have never learned how to start that washer, change that irrigation pipe, or doctor that heifer if someone did not send a dose of their own initiative your way. It’s time to share your good fortune and life lessons before your time runs out.

~For more information please visit the Young WA Cattlemen website~

Previously published January, 2011 in'The Ketch Pen', a WA Cattlemen's Association periodical.

Wednesday, February 23, 2011

Upping the Ante in the Face of Progression


The following is a CancerGRACE article by Dr. Howard (Jack) West. Dr. West is a lung cancer specialist at Swedish Medical Center in Seattle, WA. Dr. West's nonprofit organization, CancerGRACE, provides expert-mediated information on current and emerging cancer management options in order to empower patients, caregivers, and health professionals to become direct partners in cancer care.

Upping the Ante in the Face of Progression


Today I’m going to veer into the realm of style in cancer management rather than focusing on hard evidence. Sadly, it’s not a rare event to have cancer progress early despite a perfectly good initial therapy. I just saw a patient in my clinic who illustrates what I consider to be a very reasonable treatment idea that doesn’t find its way into the textbook approaches for managing somewhat resistant cancers, but it’s worth discussing the concept of upping the ante with subsequent treatment.
To back up, the textbook answer to what to do in the face of a cancer that is progressing through first line treatment is to move on to second line treatment, though we know that our second line treatments tend to be less effective than earlier ones, and that early progression through good first line therapy represents a high probability that this is a pretty resistant cancer.
The particular patient I saw had been referred by a very good community oncologist for a second opinion after she had just had a scan that demonstrated a mixed response to first line carboplatin/Taxol (paclitaxel) for advanced squamous cell NSCLC, with more progression than response. She’s relatively young, with a very good performance status, and despite the findings of progression, is still looking and feeling very well.While the standard approach for second line treatment for her squamous NSCLC would be either Taxotere (docetaxel) or Tarceva (erlotinib), it’s hard to be extremely optimistic about either of these for her. Taxotere, a cousin of Taxol, could be better than the carbo/Taxol doublet, but I think that’s pretty unlikely.   Tarceva certainly can prolong survival in squamous cell NSCLC, but it doesn’t tend to be a blockbuster in this setting.

------- Finish reading the article HERE  -----
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