1	2008 Beef Cattle Situation & Outlook
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13	Current Situation: Prices
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20	Live Cattle Futures Nearby
21	Feeder Futures Nearby
22	Current Situation: Demand and Supply Factors
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35	Concerns High Feed Prices High prices bought a lot of acres Expect High Prices to Continue Fewer corn acres More soybeans A lot of risk
36	Exports
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39	Imports
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43	Long Term Factors: The Cattle Cycle
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47	Long Term Factors: Basis & Seasonality
48	2005 & 2006 Arkansas Basis
49	2005 & 2006 Seasonal Index
50	2008 Market Outlook
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52	Market Outlook Due to drought conditions for two years there has been greater than expected herd liquidation. Continued export to Japan should support domestic demand and continued good prices. Cow-calf operators are beginning to keep back heifers to expand their herd. Feeder cattle prices are being lifted by somewhat limited supplies. Cattle feeders have historically bid most of their profit into the price of feeder cattle. If feeding profits turn into losses how long will feeders lose money? “High feed-cheap cattle.”
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54	Marketing Alternatives Cow Calf Retained ownership will be more attractive. Why? Stop expanding before everybody else. Expected useful cow life. Sell some cull cows (watch politics!). Most economists believe the high prices may last through 2009 and part or all of 2010. BUT if you can hedge a satisfactory profit, then put some money in the bank. Be cautious!
55	REMEMBER Stay ahead of the management and marketing game. Be proactive not reactive.
56	Problems Out There
57	Country Of Origin Labeling (COOL)
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