Agricultural News
From the Cattlefax Market Outlook Seminar- Randy Blach Offers a "Big Picture" Summary
Sat, 31 Jan 2009 17:58:55 CST
The anchor leg of the Cattlefax Market Outlook Seminar was handled, as always, by the CEO of Cattlefax, Randy Blach. Blach offered his thoughts on where the beef cattle industry has been over the last year- and where we are possibly headed in 2009. (In the picture is Jamie Willrett, President of Cattlefax and to his right, Randy Blach as they watch the crowd assemble for the Outlook Seminar)
He talked about the importance of knowing your costs and the margins of your business. He contends that having the Commodity Funds in the cattle futures market is a good thing because it provides valuable liquidity to the market- and that is worthwhile even with the volitility that it brings.
He spoke of the importance of the international marketplace- airing his concerns about mandatory COOL in alienating important customers like Mexico and Canada. He also expressed his opinion that perhaps the top goal he would like to see accomlished in this new year is to get Japan to raise the age barrier for animals that they will accept beef from- upping the threshold from twenty months of age to thirty months of age. Blach says that will deliver a billion dollars of impact to the US cattle producer as this increased Japanese access could deliver an increase of $4 per hundredweight very quickly.
You can hear all of Randy's comments as he concluded the Market Outlook Seminar on Thursday during the Cattle Industry Convention in Phoenix- click on the Listen Bar below to hear him.
Randy Blach at the Cattlefax Market Outlook Seminar
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