first_img Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite LeBron James scores 31 points, Lakers beat Rockets 787 earthquakes recorded in 24 hours due to restive Taal Volcano Jones-Cormier rematch headlines outstanding UFC 214 card View comments LATEST STORIES Kawhi Leonard, Clippers rally to beat Pelicans ‘I’m out!’: PewDiePie releases last video before taking break from YouTube Marcosian mode: Duterte threatens to arrest water execs ‘one night’ Don’t miss out on the latest news and information. center_img Durant’s first trip to India is the latest move by the league to grow the game there, much as it is doing in China.The academy opened in May to train some of the country’s top talents. Since 2008, the NBA has staged more than 1,500 events in 30 Indian cities.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’ End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend McGregor blasts Cerrone in 40 seconds in UFC return Ai-Ai delas Alas on Jiro Manio: ‘Sana pinahalagahan niya ang naitulong ko’ MOST READ 2017 NBA Most Valuable Player, Kevin Durant of the Golden State Warriors gestures during his tour of NBA Academy in Greater Noida near New Delhi, India, Friday, July 28, 2017. Durant is in India to support the continued growth of basketball in the country and meet the elite prospects of NBA Academy India. (AP Photo/Altaf Qadri)NEW DELHI — Kevin Durant is in India to help the NBA make inroads in a nation of 1.3 billion.Durant took part in a camp in New Delhi, where the Golden State Warriors star helped set a Guinness world record Friday for the largest basketball lesson — 3,459 participants across multiple venues. The NBA Finals MVP met young players at the NBA Academy, with hundreds more joining by satellite from four other cities across the country.ADVERTISEMENT Indian national gunned down in Camarines Sur Sports Related Videospowered by AdSparcRead Nextlast_img read more

first_imgGretchen Barretto’s daughter Dominique graduates magna cum laude from California college Joel Embiid unstoppable as 76ers finally beat Celtics Eugenie Bouchard’s bid for Australian Open spot ends in qualifying Ginebra beats Meralco again to capture PBA Governors’ Cup title Ginebra beats Meralco again to capture PBA Governors’ Cup title Phivolcs: Slim probability of Taal Volcano caldera eruption Rogue cops marked as Gamboa’s targets in his appointment as PNP chief The game was the second between the teams since the deal that sent Porter to the Bulls for Parker and Bobby Portis on Feb. 6. The Wizards beat the Bulls 134-125 three days later in Chicago, with Beal scoring 31.This one went to overtime after Beal hit a baseline jumper to tie it with 2.4 seconds left. Markkanen then inbounded to Robin Lopez at the top of the key following a timeout. The Bulls wanted their star to get the ball back, but the Wizards took away that option.Lopez was unable to get a shot off before the buzzer, sending the game to overtime.OUCHMarkkanen insisted a blow to the face he took from Portis in the final minute of regulation while trying to score down low was unintentional.Markkanen made two free throws to extend the Bulls’ lead to 112-109 with 50 seconds left. Portis got called for a flagrant foul.“I actually haven’t seen the play yet, but I don’t believe it was intentional,” Markkanen said. “I don’t think he’s like that. The thing about Bobby is that he just always plays so hard so stuff happens.”TIP-INSWizards: Portis had 15 points. … Parker has 10 straight games with 15 or more points.Bulls: Porter missed his second consecutive game. Coach Jim Boylen said an MRI showed no structural damage, but was not sure when his player will return. Porter expects to return this season from the injury, which occurred during the game at Sacramento on Sunday. “They were hungry,” Washington’s Bradley Beal said. “When you have a team like that — guys who, a lot of them weren’t on the team last year, weren’t on the team early in the year. Guys who don’t have deals; they’re hungry. They want to play and they’re taking advantage of their opportunity and kicked our (butt).”Markkanen nailed five 3-pointers, including a key shot beyond the arc in overtime. Dunn hit two 3’s in OT, and converted a pair of free throws near the end to make it a six-point game.FEATURED STORIESSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissSPORTSCoronation night?SPORTSThirdy Ravena gets‍‍‍ offers from Asia, Australian ball clubsShaquille Harrison scored 18. Cristiano Felicio added 15 points, and the Bulls won their second straight after dropping five in a row, despite leading scorer Zach LaVine (bruised right thigh, right knee tendinitis) and Otto Porter Jr. (strained right rotator cuff) not playing because of injuries.Jabari Parker led Washington with 28 points against his former team. Beal scored 27 and hit the tying jumper in the closing seconds of regulation. But the Wizards went 0 for 6 from the field in OT, losing for the third time in four games. UP NEXTWizards: Host Denver on Thursday.Bulls: Host Utah on Saturday.Sports Related Videospowered by AdSparcRead Next Japeth Aguilar wins 1st PBA Finals MVP award for Ginebracenter_img Tom Brady most dominant player in AFC championship history “They didn’t get a field goal?” Dunn said. “That’s what I like to hear. That’s what I like to hear. Great team defense.”Tied at 113 through four quarters, the Bulls went on an 8-2 run to start overtime, with Robin Lopez hitting two foul shots and Dunn nailing two 3-pointers. It was 121-117 with a minute left when Dunn missed two free throws.Beal then missed the first and made the final two free throws after getting fouled on a 3, cutting the lead to two. But Markkanen nailed a 3 from the top of the key to make it 124-119 with 32.3 seconds remaining.Parker then put up an airball on the second attempt after making the first free throw, and Dunn hit two foul shots to make it 126-120 with 19.5 seconds left.GOING TO OTADVERTISEMENT MOST READ LATEST STORIES View comments Chicago Bulls forward Lauri Markkanen, center, celebrates with Robin Lopez, left, and Ryan Arcidiacono after he made a 3-point basket during overtime of the team’s NBA basketball game against the Washington Wizards, Wednesday, March 20, 2019, in Chicago. The Bulls won 126-120 in overtime. (AP Photo/Nam Y. Huh)CHICAGO— The fading Washington Wizards were going against a struggling team missing two of its top players. It’s fair to say their latest loss had a little extra sting.Lauri Markkanen had 32 points and 13 rebounds, Kris Dunn scored a season-high 26 — including eight in overtime — to go with 13 assists, and the short-handed Chicago Bulls beat the Wizards 126-120 on Wednesday night.ADVERTISEMENT Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Don’t miss out on the latest news and information. last_img read more

first_imgLiberia has protested against her 1-0 defeat in the first leg of the U-20 African Championship against the Darling Scorpions of the Gambia.According to CAF, only players born on 1st January 1995 or after are eligible to play.The over-aged players in question are Sampler Mendy, born July 12, 1994, with passport # 389290; Buba Sanneh, born November 14, 1994, with passport # 453884; Bubacarr Trawally, born November 10, 1994, passport # 453505; Saloum Faal, October 10, 1994, passport # 301441 and Ali Sowe, July 14, 1994, passport # 332465.The formal protest was signed by diminutive skipper Benjamin D. Gbamy and Team Manager Tommy Johnson immediately after the game and delivered to Match Commissioner Louis Laryeh of Ghana.It was acknowledged by referees from Benin: Akintoye Germain Koole, Narcisse G. Kouton, Borgias U. Houedin and Moumouni Kiagou.Up to Sunday, the Captain and Team Manager of the Darling Scorpions of the Gambia, Bubacarr Sanyang and Saikou Bah respectively reportedly refused to co-sign the protest.But the Secretary General of the Liberia Football Association (LFA) Alphonso Armah, told the Daily Observer Monday that a protest letter has been sent to the Secretary General of CAF, Hicham El Amrani and a copy given to the match commissioner.In 2010, Liberia filed protest in Niger when the U-20 Liberian team lost 3-0, but unfortunately lost the protest for wrongly accusing the U-20 Niger team for fielding an over-aged player. Two weeks later, the Coach Hazer Gray’s U-20 was also beaten 2-0 in Monrovia.Meanwhile, Liberia is expected honor the return leg in two weeks in Banjul, The Gambia.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

first_imgDason Jupiter, a 24-year-old gardener, was on Thursday remanded to prison by Chief Magistrate Ann McLennan when he appeared in her court to answer to a robbery-under-arms charge and two counts of discharging a loaded firearm.It is alleged that on March 2, 2018, while at Laing Avenue, Georgetown, Jupiter discharge a loaded firearm at Randy Sampson with intent to murder him.It is also alleged that on April 2, 2018, while at Saffron Street, Georgetown, Jupiter discharged a loaded firearm at Dodnauth Danasri with intent to cause Danasri actual bodily harm.It is further alleged that on April 3, 2018, he robbed Hardai Danasri of $150,000 cash before making good his escape on a bicycle.The Danasris, an elderly couple of Windsor Forest, West Coast Demerara, were attacked and robbed by four bandits on bicycles as they were plying their trade at the La Penitence Market. After carting off more than $150,000, the men fired shots at the couple, one of which managed to graze Doodnauth to his head.The gunmen managed to escape, but Jupiter was later apprehended. The others are still on the run.The matter has been adjourned until June 1, 2018 for report.last_img read more

first_imgHouse-to-House ploy…as Granger, Cabinet mum on resignationContrary to President David Granger’s declaration that the current voters’ list will not include youths and young adults from the age of 18 years since 2015, there have been at least three cycles of continuous registration and those were done to update the National Register of Registrants and once those persons attain the age of 18, their names are transferred to the Official List of Electors, commonly called the voters’ list.Opposition Leader Bharrat JagdeoThis is according to Opposition Leader Bharrat Jagdeo, who, at his weekly press conference on Thursday, called out President David Granger for deliberately peddling falsehoods about the voters’ list.Given the three cycles of continuous registration since 2015, Jagdeo stated that the current voters’ list was not flawed and could be used to facilitate elections in Guyana within the constitutionally stipulated time frame.“So this falsehood, this falsehood that he perpetuates – that people are not on since the last elections in 2015 – the people who are not on the list is a total lie. It is beneath the President to so flagrantly lie to the people of our country. It is a flagrant lie,” the Opposition Leader said.He explained that in light of the recent ruling of the Caribbean Court of Justice that the No-Confidence Motion was validly passed in December 2018, elections could be held within three months from the date that this momentous decision was made, which was June 18, 2019.Jagdeo reminded that the list in question was the list that the Government Commissioners at the Guyana Elections Commission (GECOM) and GECOM’s Chairman deemed as valid up to April 30 last.President David GrangerHe added that there have been several cycles of continuous registration giving Guyanese an opportunity to register since the last House-to-House registration.“So, in July last year, the last cycle of continuous registration came to an end and anyone who was 14 at October 31 of 2018 could have registered. So, everyone knows once you get on that Register of Registrants, once you attain the age of 18, your name then gets transferred to the Official List of Electors … the voters’ list.”The Opposition Leader maintained that House-to-House Registration was not necessary to facilitate elections during the constitutionally-mandated timeframe of three months and that GECOM could be ready to host elections by this date.“The current list, appropriately updated consistent with the Representation of the People’s Act, can be used to facilitate those elections within three months. And that contrary to what they have been peddling, this doomsday scenario that people are going to be disenfranchised, young people will not be able to vote – that is a falsehood. That is a total falsehood.”Jagdeo emphasised that the Public Relations Officer of GECOM, earlier this year, had stated that the Commission could be ready for elections within a three-month period and even the Chief Elections Officer appointed at GECOM confirmed that the current voters’ list is “clean”.“And had we held the elections in March consistent with the no-confidence motion that was the same list that would have been valid. Now suddenly this list is outdated and corrupted. It may hold as many as 200,000 incorrect entries so this is the first time we are hearing it may hold as much as this, another wild speculation and misleading statement on the part of the President,” Jagdeo added.It was only on Tuesday that the CCJ ruled that Government was defeated by the Opposition’s no-confidence motion last December.Art 106 resignationSince the ruling on Monday, the President and his Cabinet have been mum on the issue of Article 106 of the Constitution of Guyana, which stated that they should resign. Article 106 (6) brings to a halt their functions, including aiding and advising the President in the general direction and control of the Government, proposing legislation, reviewing contracts over $15 million and making appointments.Article 106 (6) and (7) of the Constitution states, respectively: “The Cabinet including the President shall resign if the Government is defeated by the vote of a majority of all the elected members of the National Assembly on a vote of confidence.” And “Notwithstanding its defeat, the Government shall remain in office and shall hold an election within three months, or such longer period as the National Assembly shall by resolution supported by not less than two-thirds of the votes of all the elected members of the National Assembly determine, and shall resign after the President takes the oath of office following the election.”In fact, Cabinet was hosted on Tuesday in clear defiance of the CCJ ruling.last_img read more

first_imgInter Milan are ready to battle West Ham for the signature of Sampdoria striker Eder.The 28-year-old has enjoyed a good season in Serie A, breaking into the Italian national team and scoring on his debut against Bulgaria in March.West Ham had been linked with a summer swoop for the forward, who is valued at around £7m by Sampdoria.However, according to La Gazzetta dello Sport, Inter are ready to rival the Premier League club in their pursuit of Eder.Roberto Mancini is reportedly a huge fan of the Italy international, who has scored 12 goals in 30 games this season.Inter are wary that striker Mauro Icardi looks set to leave and the club are said to view Eder as the ideal replacement. Citadin Eder Martin 1last_img

first_imgPeter Odemwingie has joined Bristol City on loan from Stoke for the remainder of the campaign.The 34-year-old forward is available to make his debut for the Championship strugglers in Saturday’s crunch clash at Fulham.City head coach Lee Johnson told the club’s official website: “I’m delighted we’ve been able to bring someone of Peter’s quality in; he’ll provide us with experience and hopefully goals in one form or another. “I’m looking forward to working with him and he’ll be available for us at Fulham tomorrow.” Odemwingie joined Stoke from Cardiff in January 2014 as part of a swap deal with Kenwyne Jones.He featured regularly after his arrival but a knee injury ruled him out of the majority of last season.The Nigerian returned to fitness in the summer but has made only eight appearances for the Potters this term.Now he is set to play a key role for Bristol City as they fight to avoid relegation to League One.The Robins are currently sitting 20th in the Championship table, just two points adrift of safety, with ten games left of the campaign. Peter Odemwingie in action for Stoke City 1last_img read more

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE‘Mame,’ ‘Hello, Dolly!’ composer Jerry Herman dies at 88160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! DETROIT – General Motors Corp. is hoping to clear out inventory with a “March Madness” cash incentive program that started Thursday and runs through April 4, tied to the NCAA basketball tournament. The nation’s biggest automaker is offering $500 to $1,500 in cash back on top of other incentives for 2005 and 2006 vehicles that have been on dealer lots since Nov. 16, said company spokeswoman Deborah Silverman. GM is offering $500 on cars and small sport utility vehicles and $1,000 cash back on its trucks, full-size sport utility vehicles, the Chevrolet SSR and Cadillac models. Two vehicles – the half-ton extended-cab Chevrolet Silverado and GMC Sierra full-size pickups – have $1,500 cash bonuses. GM’s new incentives do not include the Hummer H-1 or Saturn vehicles. Chevrolet, Buick, Pontiac and GMC will advertise the cash-back plan as a “March Madness” offer to coincide with the basketball tournament, she said. Ford Motor Co. is providing five-year, no-interest financing on its gasoline-electric Escape hybrid sport utility vehicle in California and Washington, D.C., through April 3. Ford provides $1,000 in incentives on the hybrid nationally. The no-interest financing is not available with the cash incentives. “We are focusing on California and Washington, D.C., because they are two hybrid trendsetting markets where customers value hybrid vehicles most,” Ford spokesman Monte Doran said. DaimlerChrysler AG’s Chrysler Group did not immediately return a message seeking updated information on incentives.last_img read more

first_imgThe deputy director of the HSE’s National Ambulance Service will meet the family of Maura Porter (70) who died after being knocked down near her home in Carndonagh on December 30th.The late Maura PorterDonegal Daily first revealed the Inishowen family’s anger at the delay in getting an ambulance to take her to hospital.The late Mrs Porter waited almost 50 minutes for an ambulance to arrive from Letterkenny, 62km away and died in Altnagelvin hospital in Derry several hours later. A HSE spokeswoman confirmed that Dr Cathal O’Donnell would meet the family at their home in Carndonagh this morning, in his capacity as chairman of the incident review team investigating the events surrounding her death.He will meet Ms Porter’s husband Neil, daughter Davina and son Brendan.The family will also appear on an RTE Primetime Special into their mother’s day which will be broadcast tonight.According to the HSE, the first 999 call was received at 5.45pm on December 30th and triaged as a clinical status 1 delta (life-threatening) call. The standards set by the Health Information and Quality Authority state such calls should have a first-responder on-scene within seven minutes and 59 seconds and a patient-carrying ambulance within 18 minutes and 59 seconds.The one ambulance rostered that evening at the Carndonagh base was not available. In March last year the number of ambulances based in Carndonagh was cut from three providing 175 hours a week to two providing 144 hours. Just one is on duty at a time.As Ms Porter lay injured, the nearest first-response paramedic and ambulance were dispatched from Letterkenny and arrived, according to the HSE, 40 and 43 minutes respectively after the first 999 call.Brendan Porter told The Irish Times the family would be asking Dr O’Donnell what ambulance resources were available in the Inishowen peninsula on the day and “and more importantly what resources weren’t available that should have been”.HSE AMBULANCE DIRECTOR TO MEET WITH TRAGIC DONEGAL FAMILY TODAY was last modified: March 25th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:AMBULANCESCarndonaghdonegalHSEMaura Porterlast_img read more

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The last couple of years have been nothing short of a roller coaster ride for beef cattle producers. We saw prices rise to record levels and then fall as sharply as we have ever seen. A combination of factors such as cattle inventory, production of competing meats, increasing slaughter weights, and international trade were all at play in the market. At the same time, producers were making management decisions in a rapidly changing environment. If the old adage is right and history repeats itself, it’s worth taking a look back to reflect on some things that can be learned. 1) If calf prices seem too good to be true, they probably areThere is a long time adage by agricultural economists that the cure to high prices is high prices. The implication is that producers respond to high prices by increasing production, which then brings down prices. As basic as this may seem, it is easy to get caught up in the euphoria of historically high calf prices and try to find reasons why it is different this time. Perhaps it may have been different in terms of how high prices rose, but it was no different in terms of how producers responded to high profits and how quickly these prices came crashing back down. Don’t expect prices that seem too good to be true to last, they never do. 2) The cattle cycle isn’t deadOver the last 10 years, many “experts” stated that the cattle cycle is dead or no longer exists. We have never agreed with this logic, and feel part of that reason is that we may define the cattle cycle differently that most people. To us, the cattle cycle is primarily about cow-calf operators responding to profits by expanding their cow herds and the time lag between this decision and the associated supply impact. Two major external events in the last half-dozen years impacted the current cattle cycle, and changed its dynamics. First, historically high grain prices from 2008-2013 caused significant conversion of pasture and hay-ground to row crops. This conversion was occurring during the liquation phase of the last cattle cycle and thus caused cow numbers to drop quicker than what we would have normally seen in this phase. Second, during a portion of this same time period, 2011-2013, a major drought hit a large section of the Southern Plains and forced a massive liquidation in the cow herd, further dropping cow numbers during the liquidation phase. This was in an area that made up roughly 25% of our entire U.S. beef cow herd at the time.The combined effect was that cow numbers continued to drop during a time period when they normally would have been expected to start increasing. By 2012, calf prices (and cow-calf profits) were likely high enough to justify heifer retention. However, the combination of severe drought and pasture conversion led to cow-herd liquidation at a time when calf prices would have suggested expansion. As weather improved and cow profits soared in 2014 and 2015, expansion took a firm foothold. This cow herd is currently growing, and doing so at a swift pace as beef cow numbers are up over 4% over the last two years. While it is true that many other factors impact cattle prices than the size of the cow-herd, we are not yet ready to bid farewell to the notion of the cattle cycle.3) Expansion isn’t just about heifersTraditional cattle cycle mentality is that expansion comes from heifer retention and this is true from a long-term perspective. However, the age of the cow herd cannot be ignored in the short-run. A factor that drove beef cow numbers so low from 2011-2013 was extremely high cow slaughter. Most of this came from the Southern Plains as they dealt with widespread severe drought. When increased moisture was overlaid with strong calf prices in 2014 and 2015, most of the initial increase in cow inventory came from reduced beef cow slaughter. The overall age of the herd was younger, fewer cows were near the end of their productive lives, and profit was there. It made logical sense to cull fewer cows during these two years and this worked to jump-start the expansion phase of this cycle. 4) The impact of competing meatsIn the US, beef, chicken, and pork are the primary consumer meats and 2014 was a banner year for profitability in all three. So, it is no surprise that expansion occurred in all of these markets. However, the pace at which growth can occur in these markets is different. Due to shorter gestation periods and younger age at harvest, pork and poultry producers can increase production much faster than beef producers. It is likely that 2016 will be the first year that we actually see increased beef production (boxed beef), while significant increases have already been seen in the pork and poultry markets. Since these proteins compete in the meat case, beef prices were pressured in late 2015 from increased pork and poultry supplies before beef supply increased significantly. 5) Exports are a double-edged swordThere is no doubt that increased exports have a positive impact on price, holding everything else constant. Increased exports reduce domestic consumer supply, which drives prices upward at home. However, over time we respond to these higher price levels with increased production. Then, as shocks occur in international markets that lead to decreased exports, all that extra supply is left on the domestic market, and prices fall. Last year, 2015, was a good example of how this can play out. Exports were down drastically due to increased price levels, a stronger U.S. dollar, and weakening economies for some of our trading partners. The decrease in exports piled onto an already decreasing market, with the net effect being a price implosion. This is not to say that we should stop exporting beef. We just need to be aware that exports can cut both ways. 6) Learn to manage price riskFew people predicted cattle prices would increase as quickly as they did during 2014 or decrease as quickly as they did in 2015/2016. These price swings represented hundreds of dollars in cattle revenue and meant the difference between profit and loss for many stocker/backgrounders. They also represented over $300 in value per calf for cow-calf operators. Many producers, especially those in the first few years farming, simply can’t self-insure this type of market risk. Cattle producers who could have self-insured against the normal volatility of a typical cattle cycle need to learn to manage today’s price risk and volatility through futures markets, LRP insurance, forward contracts, or any other means available. This will mean that in some years money will be left on the table, but other years it will avoid huge losses that could destroy the financial well-being of the operation. For more information on using the futures market as a tool to manage price risk in feeder cattle see the following publication: http://www.uky.edu/Ag/AgEcon/pubs/ext2013-0128.pdf. 7) Don’t take a short-term perspective on long-term decisionsWhile we don’t think many people expected calf prices to stay in the $2.50 per pound range forever, most of us were surprised how sharply prices came down in 2015. The folks hit hardest by this drop will be the ones who made decisions in the last couple years as though calf prices were going to stay at $2.50 for years to come. As was discussed in lesson No. 1, if there is one certainty about agricultural markets it is that abnormally large profits won’t exist for long. Supply will increase until profits reach more normal levels. Long term investments in land, breeding stock, equipment, facilities, etc. need to be made from a long-term perspective. It appears that a lot of producers made investments over the last couple of years based on the assumption that those incredibly high prices were here to stay.Possibly the most extreme example of this is bred heifer prices. Given reasonable cow maintenance costs, weaning weights, and weaning rates over the life of the heifer, calf prices would have needed to stay above $2 per pound for five to eight years to justify the prices that were being paid for bred heifers. This was the focus of an article in the November 2015 issue of Cow Country News and a decision aid created to help determine what can be paid for bred heifer given the users assumptions and cost estimates. It can be found at the following link: http://www.uky.edu/Ag/AgEcon/pubs/BredHeifer.xlsx.These examples aren’t just limited to breeding stock. Similarly, it is easy to justify purchasing a new piece of equipment during a year of abnormally high profits on the basis that you can avoid paying taxes by using a Section 179 depreciation allowance. But also understand that decision will impact your long-run profitability negatively if it is a piece of equipment you could really do without. SummaryWhile there is no simple success recipe for cattle producers to follow, we felt the last couple years provided an excellent opportunity to reflect on what we saw and what we can learn. While it is impossible to know if, and when, we might see markets like we saw in 2014 and 2015, it would be naïve on our part to assume that we would never see something like that again. Many of the “lessons learned” we discussed in this article apply to all cattle cycles, but the extreme market swings of the last year or two amplified their importance. We’ve heard it said before that challenging times show who the better managers are and we believe this will play out in the next few years. The producers who made wise decisions over the last couple years will be the ones who are in the best position moving forward with lower prices. Hopefully, by reflecting on some things learned during this time period, we will be less likely to make some of the same mistakes the next time it comes around.last_img read more