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Friday, December 19,2014

Cattle market factors to watch in 2015

by WLJ
In 2014, cattle and beef prices advanced from (what were then) record levels at the beginning of the year to a nearly continuous series of record levels throughout the year.

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Friday, December 19,2014

Ag a winner in Cuba diplomacy; exports could rise with changing rules

by Chris Clayton - DTN
Cuba has about 11.3 million people, which ranks it slightly below the population of Ohio. Trade with the country has revolved mainly around agriculture and medical supplies. Sales have been up and down over the past decade because restrictions would be lifted then reinstated and then lifted again.

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Friday, December 19,2014

Fraction of total farm income from farming

by WLJ
Because of the broad USDA definition of a farm (which includes places with the potential for as little as $1,000 in annual sales), more than half of farm operator households consistently incur a net loss from farming activities in any given year, and far more do not earn the equivalent of a market wage for their on-farm labor.

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Friday, December 19,2014

The North American beef cow, heifer situation

by WLJ
The Canadian and Mexican cow and heifer situation has implications for herd size and cattle production on the North American continent in coming years and more immediately on current feeder supplies. Record U.S. cattle prices provide a tremendous pull for cattle of all types and from all possible sources.

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Monday, December 15,2014

Cattle, beef markets down across the board

by Kerry Halladay, Associate Editor
The cash fed trade was a surprise, in that it dribbled in throughout the week starting as early as Monday. Monday saw $259-260 dressed and $164 live in Nebraska, $164 live on Tuesday in Kansas, and then down to $255-256 dressed for some heavy cattle in the Cornbelt Wednesday.

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Friday, December 12,2014

Slow beef marketings reduce 2014 production estimates

by Kerry Halladay, Associate Editor
All was quiet on the agricultural supply front last week. The most recent World Agricultural Supply and Demand Estimates report showed very little movement in grains, and minimal activity in meats relative to past reports, though beef led the total meat production estimates downward while pork led the meat import numbers upward.

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Friday, December 12,2014

Variety meat demand boosts October beef, pork exports

by WLJ
October beef exports were up 2 percent from a year ago to 109,858 metric tons (mt), while export value was a record-high $687.1 million— up 22 percent from a year ago. Muscle cut volume was down 2 percent to 76,472 mt, but still increased 19 percent in value to $596.

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Monday, December 8,2014

Continued futures losses let cash fed cattle markets slip

by Kerry Halladay, Associate Editor
By close of trade on Thursday, over 17,500 head had been confirmed sold for the week. Though light, the trade was very trend-setting for the week and confirmed analysts’ earlier worries. Live prices ranged from $163-166—well below the prior week’s $170-173—and dressed prices were $263-265, down from $264-268.

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Monday, December 8,2014

Black gold: Cheap oil benefits beef demand

by Kerry Halladay, Associate Editor
At its 166th conference, the Organization of Petroleum Exporting Countries (OPEC) decided to maintain its production level of 30 million barrels of oil a day. The announcement sent the already declining crude oil prices into a momentary tailspin. Cattle producers and beef consumers may benefit, however.

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Friday, December 5,2014

Meeting beef demand in 2015

by WLJ
Many years of cattle herd liquidation, due to drought and other factors, have left the beef industry with such low cattle inventories that severe reductions in beef production are inevitable. Beef production in 2014 is projected to total roughly 24.4 billion pounds, down 5.

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