Bovine Connection organizers have invited Jim Robb, Livestock Marketing Information Center director, (LMIC) to give a talk during the Friday, Dec. 2 session of the Bovine Connection concerning the LMIC market update and projection. Robb will speak at 11 a.m. at the Extension office facility meeting room, North Central Avenue, Sidney.
Robb will discuss issues in the livestock markets and explain how these issues interconnect and affect the entire marketplace.
“We are seeing record high calf prices, we’ve had the worst drought in the U.S. southern plains that we’ve seen for the past 100 years, so the dynamics have changed,’ Robb remarks. “We have a weak domestic economy, other issues are impacting us, and all these factors are mixed together and affect one another.”
He continues, “Every day we face new market related challenges and opportunities, and they all have an influence on how we produce beef. BSE, interest rates, and other issues affect this mix. We are undergoing changing times, and I will provide updates for everyone.”
Robb has served as director of the LMIC since 1997.
The LMIC, a cooperative effort that has provided economic analyses and market projections concerning the livestock industry since 1955, continuously updates forecasts, projections and support materials related to market situations and outlooks. A cooperative effort among state land grant universities, USDA economists, industry cooperators, and the Center staff, the LMIC contributes to economic education, supports applied research projects, and policy evaluation. “Our goals are to support education, research, ad outreach efforts,” Robb says.
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