Feed Lot

APR-MAY 2017

Feedlots and cow/calf operations in the beef industry who feed 500 or more has annually on grains and concentrates; maintain 500 or more beef cows; backgrounder, stocker/grower, preconditioner; veterinarian, nutritionist, consultant

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from corn to soybeans. Analysts at the present see corn acres being reduced some 3.4 million acres on average. A reduction of this magnitude and trend line yields would reduce carryover. Then the marketplace will wor- ry over weather all spring which would likely produce a rally in the corn market. Suggested is buy corn calls o n the current pull back and cover those feed costs. It seems there is a general bullishness in most mar- kets. The new administration seems to be doing the things needed to get our economy to improve. If the US economy does improve as thought, inflation may begin to increase giving commodities a boost. The new administration has only been in office a little over two months so patience is required as it starts to turn around. This material has been prepared by a sales or trading employee or agent of Schwieterman, Inc. and is, or is in the nature of, a solicita- tion. This material is not a research report prepared by Schwieter- man, Inc. Research Department. The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. The information contained herein is based on data obtained from recognized statistical services and other sources believed to be reliable. However, such information has not been verified by us, and we do not make any representations as to the accuracy or completeness. All statements contained herein are current opinions which are subject to change. You may visit our web site at www.upthelimit.com U.S. Beef Industry to President Trump: Please Help Get U.S. Beef Back into China The National Cattlemen's Beef Association sent a coalition letter to President Donald Trump, urging him to raise the restoration of U.S. beef access to China when he meets with Chinese President Xi Jin- ping in April. Leaders from the U.S. Meat Export Fed- eration and the North American Meat Institute also signed the letter. American beef producers have been denied access to China – a $2.6 billion import market -- since 2003. Last fall China announced that it had lifted its ban on imports of U.S. beef, but attempts since then to negotiate the technical terms of access have been unsuccessful. "We believe that access to the large and growing Chinese beef market is essential to the future health of the U.S. beef industry," read the letter, which was signed by NCBA's CEO, Kendal Frazier. "We under- stand that you have many important issues to discuss with President Xi, but we strongly encourage you to take this important opportunity to convey the urgent need for China to reopen its market to U.S. beef." In 2016, American beef producers sold $6.3 billion worth of U.S. beef to customers around the world, with three of the industry's top foreign markets located in Asia. FL FL FEED•LOT  April/May 2017 11

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