Extension News

January Webcast to Focus on Beef Markets

12/6/2005

AMES, Iowa - - The Iowa Beef Center (IBC) at Iowa State University (ISU) is planning a statewide webcast that will focus on qualifying for Japanese beef exports, the cattle market outlook, risk management and new cattle insurance products. The event is planned for Monday, Jan. 9, at 7 p.m., available to producers at ISU Extension locations throughout the state.

“This webcast is important to cattle producers because of the topics and timing.  An announcement about resuming beef exports to Japan after a two-year ban is expected sometime between mid-December and early January,” says John Lawrence, ISU Extension economist and director of the Iowa Beef Center (IBC).  

“The agenda will include how producers can be approved to export to Japan.  We have scheduled speakers from the USDA and an industry affiliate to explain the procedures,” Lawrence adds. The speaker list includes Samantha Simon, USDA, Washington, D.C.; Dermot Hayes, Iowa State University economics professor; and Tyler Strathe of AgInfoLink.

The webcast also will include market and price implications of resumption of exports to Japan and South Korea, the current market situation and its implications on long-run cattle prices.  Other topics include new insurance products available to cattle feeders that will allow them to insure a gross margin over corn and feeder cattle costs.

Beef producers and industry affiliates interested in attending the webcast should contact their local ISU Extension office for the nearest viewing location and to register.  A $5 attendance fee will be collected at the door.

The webcast is part of a 2006 series called “Cow-Calf Risk Strategies”, a year-long effort to educate cow-calf producers and to develop risk management solutions.  The series is made possible by a grant from USDA-RMA (United States Department of Agriculture Risk Management Agency), and will include comprehensive workshops, a correspondence course, presentations, a website and featured articles in regional publications.

For more information and to check for event and schedule updates, visit the Cow-Calf Risk Strategies page at www.iowabeefcenter.org (http://www.iowabeefcenter.org/content/CowCalfRiskStrategiesRMA.htm).

The Iowa Beef Center began operation in 1996 to support the growth and vitality of the beef cattle industry of the state.  A part of Iowa State University Extension, the Iowa Beef Center is the central access point for Iowa State University programs and research related to the beef industry.  For more information, visit the website at www.iowabeefcenter.org or call (515) 294-BEEF (2333).

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Contacts :

John Lawrence, Iowa Beef Center, (515) 294-6290, jdlaw@iastate.edu
Joe Sellers, Iowa State University Extension, (641) 774-2016, sellers@iastate.edu
Bob Wells, Iowa State University Extension, (641) 673-5841, wellsjb@iastate.edu
Ron Hook, Iowa State University Extension, (712) 754-3648, rhook@iastate.edu

Rachel E. Martin, Iowa Beef Center, (515) 294-9124, remartin@iastate.edu