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Monday, July 21,2014

Estimated beef availability up for 2014-15

by Kerry Halladay, Associate Editor
The most recent World Agricultural Supply and Demand Estimates report showed an increase in many things. Beef production and availability was up. Soybean acres increased. Ending stocks of corn went up… again.

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Monday, July 21,2014

Cash fed cattle surprise, move up

by Kerry Halladay, Associate Editor
The cash fed cattle market developed reasonably early contrary to expectation. The majority of the purchasing occurred on Wednesday with clean-up trade on Thursday. The prices were mostly in line with expectations, at least at the beginning.

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Friday, July 18,2014

Marketing alternatives with limited forage

by WLJ
Most all of Oklahoma received considerable rain from late May into early July. This resulted in much needed forage growth in all regions, including some of the worst drought areas. However, the heat of summer has arrived in July and forage growth has slowed abruptly.

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Monday, July 14,2014

'Dog days of summer' spooks cattle market

by Kerry Halladay, Associate Editor
The cash fed trade was slow to develop last week and that was certainly to the benefit of packers. A hard break in the live futures, larger show lists, along with longanticipated rumors of declining production to meet the incoming reduced beef demand...

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Friday, July 11,2014

Momentum remains strong for U.S. beef, pork exports, according to USMEF report

by WLJ
U.S. beef and pork exports maintained their strong momentum in May, with export volumes for both products exceeding last year’s totals and value increasing by double digits, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

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Friday, July 11,2014

High prices bring mixed emotions in the beef industry

by WLJ
The beef industry is experiencing a wide range of emotions at the current time. The level of excitement is obvious as cattle and beef prices have pushed even beyond record levels of earlier this year. Cattle prices are at values unimaginable just a few years ago.

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Friday, July 11,2014

'Out-of-sight' beef prices pose opportunity for those with grass

by WLJ
“‘Out of sight’ is a good term for the prices,” said Dr. David Anderson, AgriLife Extension Specialist in Livestock and Food Products Marketing. “And it doesn’t really matter whether we’re talking about retail prices to consumers, the wholesale beef market or at sale barns for calves and feeder steers.

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Monday, July 7,2014

Fed cattle go higher in short week trade

by Kerry Halladay, Associate Editor
Cash fed trade developed early last week in a start and stop sort of fashion. About 1,500 head were confirmed sold on Monday at $152- 153 live in Kansas, then by Wednesday afternoon, over 3,500 head were sold in addition at prices ranging from $155-158 live and $245-246 dressed.

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Thursday, July 3,2014

Rabobank: Volume of protein imports to China remain high

by WLJ
According to the latest Rabobank report, Beef Quarterly Q2 2014, the global beef market will regain its positive momentum in Q3, once the current, temporarily high supply has worked through the system. This will likely support further strengthening of prices, as supply of competing animal proteins tighten.

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Monday, June 30,2014

Futures rally despite being overbought

by Kerry Halladay, Associate Editor
Asking prices started the week slightly elevated from the prior week’s sales of $148-150 live and $234-238 dressed. However, after a strong rally—again—in the futures markets, asking prices jumped up a few more dollars. By Thursday morning, cattle feeders were asking $153-154 live and $240-242 dressed.

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