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Friday, February 21,2014

Purdue economists: farmland value shift signals need for cautious purchasing

by WLJ
According to the Purdue Farmland Value Survey, Indiana farmland values have nearly tripled in the last 10 years—from an average of $2,509 per acre in 2003 to $7,446 in 2013. But abundant corn and soybean crops in 2013 have caused commodity prices to fall, making farm profit margins much tighter.

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Monday, February 17,2014

Packers cutting production rate to stem margin losses

by Kerry Halladay, Associate Editor
While the cash trade last week seemed indecisive—at first sending signals that the market would be steady to lower, then later suggesting it would be steady to higher—the big questions focused on what packers would be doing.

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Friday, February 14,2014

Beef Producers need a comprehensive TPP deal

by Traci Eatherton, WLJ Managing Editor
While producers seem to be supporting a push for the Trans-Pacific Partnership (TPP) to be finalized, media outlets across the U.S. seem to be skipping the topic. It is far from an apparent “hot topic” in most areas, and skeptics are questioning the chances of it going anywhere with the discourse in the White House.

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Friday, February 14,2014

Beef production up, others falter

by Kerry Halladay, Associate Editor
The most recent World Agricultural Supply and Demand Estimates (WASDE) report held few surprises. The biggest movers, however, were the increased export estimates for corn and the increased production of beef being offset by decreases in pork.

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Monday, February 10,2014

Cash prices decline

by Kerry Halladay, Associate Editor
Cash priced continue to settle lower, making the second week this year where the cash fed cattle market did not set a new high record. Compared to the prior week which saw live prices at $144-146 and dressed prices at $230-232, the meager number of sales which had been recorded by last Thursday had declined to $139-141 live and $225 dressed.

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Monday, February 10,2014

Smallest cattle herd since 1951; smallest cow herd since 1941

by Kerry Halladay, Associate Editor
The now-annual Cattle Inventory report was released on the last day of January. The verdict is a slightly bullish, hopeful one. Beef replacement heifers were up, and even if they weren’t up as high as had been hoped, there are several details that inspire optimism for the future.

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Friday, February 7,2014

Corn markets: While we were watching

by DTN
Do you remember when you were in grade school and the science project was to watch and record the process of metamorphosis from caterpillar to butterfly? One day, the funny looking bug was hanging from a twig, the next it was encased in a cocoon, and then suddenly a butterfly was fluttering around the plastic box.

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Monday, February 3,2014

Will U.S. beef rise to export opportunities?

by Kerry Halladay, Associate Editor
steady pace throughout the last few decades. As of the most recent WASDE report, export of commodity crops around the world was 15.2 percent of total global production. In 1984, that number was 14.8 percent, in 1994 it was 14.2 percent, and in 2004 it was 14.

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Monday, February 3,2014

California's ag real estate getting nutty

by Kerry Halladay, Associate Editor
It’s been a hard year for the West in terms of drought, and the far western states especially. While much of the western U.S. has seen a lessening of drought incidence and intensity, states like California and Nevada are bearing the brunt of the western drought with swaths of red taking up residence in their territories.

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Friday, January 31,2014

The price hysteria ebbs

by Kerry Halladay, Associate Editor
“It sounds and feels like the hysteria of ‘get me some beef bought, I don’t care the cost’ and ‘go get some cattle lined up for next week’s kill, just pay them what they want’ that we have seen the last six weeks has subsided for at least the near term,” reported Troy Vetterkind of Vetterkind Cattle Brokerage last Thursday.

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