The Oregon Natural Resources Report - Agricultural News from Oregon

Background

With the beef industry changing so rapidly, identifying and educating leaders to help guide and strengthen the industry has never been so important. Because Oregon Cattlemen’s Association (OCA) represents the Oregon’s beef cattle industry, it is our responsibility to see that leadership development is successful. That is why we continue to participate in Young Cattlemen’s Conference & Tour (YCC).

STAFF Chris Rauch, Vice Chair Lexington, OR By Earl Pryor

Certainly everyone is amazed by the continued value escalation of the remaining world wheat stocks. The current price level has not yet had an appreciable rationing impact on international demand, in part domestically, because of the declining value of our dollar. For the record, 10/08/07 SWW price was $9.38; 11/15/07 SWW was $9.38; a month later, $11.98; three days later $12.73 and counting. U.S. exports stand at 1,053 million bushels (mbu) currently, 90 percent of exportable supplies, leaving estimated domestic stocks at 279 mbu, 24 percent of our annual domestic usage.