BeefCast update for September 4, 2009, Can you get a handle on market volitility?

Update for September 4, 2009

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Over the past few weeks we have continued to be blessed by wonderful weather. Typically August can be a pretty tough month as we manage the challenges of heat stress. We certainly haven’t had to worry much about that this year. It is hard to believe that I have found myself reaching for a light jacket for the morning chores recently. But this is always one of my favorite times of the year as we begin to wean our spring born calves.

It is a great time to evaluate which cows and matings are performing the best. Now may be a good time to briefly pause and reflect on our own recent successes and refocus our efforts on mission and goals.

What are you hearing? I would enjoy hearing your comments,

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  • Link to blogReputation and Reward from Dr. Ronald Lemenager. "It was no secret, but neither did Wayne and Chris McGilvray go out of their way to attract publicity. They, along with fellow Texas cattleman Scott Weatherford, thought it best to avoid attracting too much attention too soon. They would wait until the time was right to make some noise." Read more about how through participation in the Pacesetter Beef Alliance, producers are seeking both reputation and reward.
  • Link to blogDo you have to know the language in order to train your Spanish speaking employees? by Orlando Gil. "This is a question that sometimes comes up when discussing the opportunities and challenges of having Spanish-speaking employees in agricultural operations. Often, the perception is that if you don’t know the language, it can be pretty hard to train these individuals to do what you need them to do. Knowing the language helps, but this by itself, won’t guarantee success when training your Spanish-speaking employees." Here are more thoughts on knowing the language and providing effective training.
  • Link to blogHow the "Tragedy of the Commons" Can Become Even More Tragic by Dennis DiPietre. "The "tragedy of the commons" is an idea put forward by Garrett Hardin in the late 1960's, describing how commonly held resources are supposed to be stripped to nothing when those who use them act solely on self-interest instead of in the common good. The notion is that a community resource will be over-used when individuals apply their private profit calculation to how much of it they will employ. At first glance, this matches economic theory in that there is no economic motive to economize the use a variable input when it is valuable to the production process and free of charge.". Read DiPietre's "tragedy of the commons".
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Thanks, again, for listening.

Trent Fredenburg
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1.877.63Beefcast (1.877.632.3332)