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Monday, April 14,2014

Higher losses plague packers, cutout down

by Kerry Halladay, Associate Editor
Packers are bleeding out red ink again, and last week looked like the cash fed cattle market was going to wring a bit more red out of them. By close of trade Thursday afternoon, barely 5,000 head had been confirmed sold for the whole week, and then only at $150 live and average $240.

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Friday, April 11,2014

Corn called bullish in the supply report

by Kerry Halladay, Associate Editor
Last Wednesday saw the release of the most recent World Agricultural Supply and Demand Estimates (WASDE) report. The report was called bullish for corn given the increases made to corn export to reflect the quick pace of corn trade in recent months, and not all that surprising for meat.

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Monday, April 7,2014

Feeders leave fed cattle in the dust

by Kerry Halladay, Associate Editor
The cash fed cattle trade decided to play an opposite day prank for the week of April Fools. Compared to the prior week, where the bulk of a very large weekly cash fed trade took place early in the week for surprisingly higher money, last week was sluggish, inactive, and what few trades did occur prior to publishing were depressed.

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Friday, April 4,2014

Prices will remain high until numbers increase

by WLJ
Live-weight steers reached $130 per hundredweight for the first time last October. January brought $140 per hundredweight and in February prices cleared $150 for the first time. Those prices were enough to interest cattlemen in expanding their herds..

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Friday, April 4,2014

Cold and wet spring adds to cattle management, marketing challenges

by WLJ
A myriad of factors are at work in cattle and beef markets now. Spring has arrived, according to the calendar, but it isn’t obvious yet in many parts of the country. Cold weather continues to delay grass greenup in many regions in a fashion that is reminiscent of last year.

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Friday, April 4,2014

Planned corn acres down for 2014-15

by Kerry Halladay, Associate Editor
Every year, USDA’s National Agricultural Statistics Service (NASS) collects surveys from a large number of American farmers and ranchers asking what they plan to plant. This information is collected into the Prospective Plantings report, and the information is invaluable to the markets and subsequent reports.

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Friday, April 4,2014

Restaurant performance rises, despite slowdowns

by WLJ
Although challenging weather conditions in many parts of the country continued to impact customer traffic in February, the National Restaurant Association’s Restaurant Performance Index (RPI) remained above 100 for the 12th consecutive month. The RPI—a monthly composite index that tracks the health of and outlook for the U.

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Monday, March 31,2014

Cash and live futures rally strong mid-week

by Kerry Halladay, Associate Editor
It is such an alien thing to report these days, but cash fed cattle trade was wrapping up Wednesday last week, with the prices paid surprising even bullish analysts. Live cattle went for $150-154, with most volume in the $152-154 area—up $4 in the Southern Plains and steady to up $1 in the Corn Belt—and $242-245 dressed.

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Friday, March 28,2014

Politics, weather boost wheat prices

by Traci Eatherton, WLJ Managing Editor
Wheat Association, strong export demand supported markets, including a soft red winter (SRW) cargo purchase by Egypt. Worries about how political tensions in the Black Sea region might disrupt grain shipments helped push futures even higher, the association said.

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Friday, March 28,2014

Current high beef prices make great time to own cattle

by WLJ
One thing making economics brighter for cattle producers is a change in the price of corn, a major feed for market cattle. “Corn at $4.50 per bushel looks better than corn at $7.50. Recall, we didn’t think $4.50 corn looked so good on the way up.”.

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