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Friday, April 18, 2014

DAILY FED CATTLE; April 18

by WLJ
Afternoon National Slaughter Cattle Review as of 2:00 pm Friday

So far for Friday trading in the Southern Plains has been at a standstill. The last reported market was on Tuesday in the Texas Panhandle and on Wednesday in Kansas with live sales at 146.00. In the Norhern Plains trading has been limited on light demand thus far for Friday. In Nebraska a light test of live sales sold 1.00 lower at 147.00 when Compared to Thursday. No dressed sales were reported the last reported dressed sales was on Thursday with sales from 236.00 to 238.00 for within two week delivery. In Colorado live sales sold 1.50 lower at 146.00 for Friday. So far for Friday in the Western Cornbelt trading has been inactive on very light demand. The last reported market was on Thursday with live sales from 145.00 to 147.00 and dressed sales at 236.00.


Negotiated sales:
Confirmed:       6,330            Week ago:    1,871          Year ago:   17,390
Week to Date:   82,237            Week ago:    9,281          Year ago:   24,443
 
 


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Good prices in the USA live cattle are only bringing half this or less in Australia we have one of the worst and getting worse droughts on record our herds and cattle producers are being decimated in the worst cost price squeezes on record. 2013 saw a record cattle kill result in record beef production and exports eg 2012 China imported 5,000 tonnes Aus beef 2013 China imported 130,000 tonnes Aus Beef, 2014 China wants more! Live cattle exports 2013 Indonesia imports 240,000 cattle 2014 Indonesia wants 700,000 cattle Australian beef packers have had a record profits year in 2013. With the US cattle herd at such low numbers unless there are a lot of cattle in Brazil it is hard to not think there will be some upwards pressure on beef prices in 2014, but the Australian cattle producers experience has been high beef prices do not necessarily translate into higher cattle prices this has made the whole business model of cattle production in Australia unsustainable with a lot of cattle(breeders) simply dying in the paddock because the farmers are not making sufficient profits to run them.
 
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