Like all of you, my mind often wanders and ponders many things as I go about my work week. Here’s a sampling of my thoughts on a few different issues that cropped up this week.
- Pork demand lately has showed signs of weakness, while retail beef prices continue to rise. This bodes well for overall beef demand, but the upside will continue to be limited by widening price spreads that will eventually encourage customers to shift away from beef to other proteins. Given how tight beef supplies are, that may be a necessary evil, but the focus must be on whether or not we can regain that market share once it is lost.
- In Washington this week, they actually held a hearing aimed at eliminating manure from “Superfund” provisions. Only in America would we have trial lawyers trying to assess liabilities and damages for manure.
- Talking to producers, it appears 2012 could well end up being yet another liquidation year.
- Kids grow up way too fast. Our oldest child got his driver’s license this week. It was kind of fun sending him and his brother out to gather up a bull and haul him to the sale barn. I knew they could handle it themselves, but I sent them off with a unique combination of pride and sadness that becomes so commonplace as they grow up.