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Cattlemen excited by legislative prospects in new Congress

New Congress created by midterm elections will be much more positive for the U.S. cattle industry than the current legislative makeup. Read more at BEEF magazine…

Dec 04, 2014 Read more...

House approves higher section 179 levels, tax extenders for 2014

The U.S. House Wednesday in late afternoon discussion agreed to extend by a 378-46 vote a host of expired tax provisions, including higher section 179 expensing levels, retroactively for 2014. Agriculture has closely watched the section 179 provision, which in previous years has allowed farm businesses to take the full depreciation deduction of items in the current […]

Dec 04, 2014 Read more...

Daily Livestock Report for 12-4-14: Fed cattle futures decline below 50-day MA

Fed cattle futures dropped sharply yesterday and there was plenty of speculation about what drove this recent pullback. Read more at the Daily Livestock Report… (PDF download)…

Dec 04, 2014 Read more...

Steak lovers squeezed with record beef premium

Meat shoppers will have more reasons than ever to steer clear of steaks as the cost of U.S. beef rises to a record compared with pork. Read more at Bloomberg…

Dec 04, 2014 Read more...

Keep germs out of your expanding herd

As cattle prices go up, more and more producers are thinking of increasing their herd size. For many, this increase comes from outside sources- like a neighbor, sale barn, or video auction. What can you do to protect your herd from outside diseases brought in by new cattle? Any time animals are co-mingled there is […]

Dec 04, 2014 Read more...

It's what's for dinner: Peppered ribeye roast with roasted garlic sauce

This peppered ribeye roast would be a perfect centerpiece to a festive Christmas feast. Read more at beefitswhatsfordinner.com…

Dec 04, 2014 Read more...

Ag commissioner-elect Miller hosts Chinese delegation, explores trade opportunities

A delegation of Chinese officials from the Gansu province visited Austin on Monday upon the invitation of Texas Agriculture Commissioner Todd Staples and Commissioner-elect Sid Miller. In attendance were H.E. Luo Xiaohu, executive vice governor of the Gansu province, and five other high-ranking officials from the northwest region of China. The goal of the meeting was to grow agriculture trade opportunities between Texas and Gansu, which is home to more than 26 million residents and growing. Exporting Texas beef to Gansu is one of the first items on Miller’s list of trade opportunities to facilitate once he takes office.

Dec 03, 2014 Read more...

Torpedoed tax deal

The White House worked closely with liberal House Democrats last week to torpedo a tax deal that Senate Majority Leader Harry Reid, D-­Nev., was negotiating with Republicans. The unusual move to kill a Reid­-backed proposal has raised suspicions among Senate negotiators about the White House’s motivations. They believe President Obama’s team is eyeing a broad […]

Dec 03, 2014 Read more...

Congress poised to reinstate some tax breaks

Congress looks set to avert a clash over tax policy with a temporary patch to reinstate dozens of tax breaks that expired earlier this year. A Republican House bill set for a vote Wednesday includes more than 50 provisions benefiting businesses, some individuals and nonprofits. Lawmakers from both parties had pushed for a longer-term deal, […]

Dec 03, 2014 Read more...

Texas crop, weather, for Dec. 3, 2014

Cotton was late to mature throughout the state this year, but timely rains and favorable conditions during the fall resulted in a good year for many growers. Central Texas, South Texas and Coastal Bend cotton fields were all harvested more than a month ago, and most producers were quite pleased with their dryland and irrigated crops. As usual, each district had its own challenges. The Panhandle, South Plains, Rolling Plains, West Central and Far West Texas cotton harvests are all in various stages of completion, and the last modules will all be late making it to the gins this year.

Dec 03, 2014 Read more...