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Monday, December 30,2013

Production cuts could boost prices

by Kerry Halladay, Associate Editor
The cash fed trade was choppy last week, given the Christmas holiday being smack dab in the middle of the trading week. Analysts expected cattle to sell steady to $1-2 higher than the prior week’s $129-130 live and $205-209 dressed in late-week trade.

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Monday, December 30,2013

Cattle on Feed report called slightly bullish

by Kerry Halladay, Associate Editor
In what has been called “moderately bullish,” the most recent Cattle on Feed report showed on-feed, placements, and marketing numbers below industry expectations. The decline in placements of cattle into feedlots with a 1,000-head-or-greater capacity was especially surprising and friendly to the markets.

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Friday, December 27,2013

China's demand for high-end meat to boost 2014 markets

by Traci Eatherton, WLJ Managing Editor
The Rabobank Global Cattle Price Index has risen 6 percent since June, driven by lower-than-expected beef supply in the main exporting countries and strong Asian demand, according to a new report from the Rabobank Food & Agribusiness (FAR) Research and Advisory group.

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Friday, December 27,2013

Progress in U.S.-China trade talks

by WLJ
“My discussions with Premier Li Keqiang and other Chinese leaders laid the groundwork for future cooperation related to our shared interests in food security, food safety, and sustainability, as well as the expansion of export opportunities for Ameri can farmers and ranchers,” Vilsack said.

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Friday, December 27,2013

New cuts key to sustaining U.S. beef growth in Taiwan

by WLJ
Taiwan’s love for American beef is evident by the growth in exports to the Asian island nation this year, and U.S. Meat Export Federation’s (USMEF) Taiwan team, contractor to the Beef Checkoff Program, is exploring new channels to sustain that progress.

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Monday, December 23,2013

Lower prices for fed cattle on short production weeks

by Kerry Halladay, Associate Editor
Packers were reluctant to pay much for fed cattle last week ahead of projections of decidedly short production weeks. With estimates for this week’s production rates ranging widely between 435,000- 480,000 head, and predictions for next week’s standing at 505,000- 545,000 head, packers felt no pressure to collect cattle around them.

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Friday, December 20,2013

Senators urge Korean officials to keep U.S. organic trade open

by WLJ
This past week, Sen. Dianne Feinstein (D-CA) and 12 of her Senate colleagues sent a letter to Korean Ambassador Ahn Ho-Young expressing concern that the Korean market may close to organic exports on Jan. 1, 2014.

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Friday, December 20,2013

Cattle producers prepare for 2014

by WLJ
Cattle markets are heading into the final holiday period of 2013 at record or near record price levels across the board. Cattle slaughter and beef production are falling as the market transitions into a much tighter supply situation in 2014. Cattle and beef prices are expected to push to even higher record levels in 2014.

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Monday, December 16,2013

Beef production, export estimates up

by Kerry Halladay, Associate Editor
The December World Agricultural Supply and Demand Estimates (WASDE) report was released with little fanfare last Tuesday. Though there were some exciting production estimate moves for beef, industry eyes were on corn and soybeans, which held few surprises.

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Monday, December 16,2013

Prices, volumes decline in live futures

by Kerry Halladay, Associate Editor
Trade was again shrugged off until Friday last week as only 2,844 cash fed cattle sales had taken place by Thursday afternoon. Analysts had predicted this was likely and expected a steady-at-best market relative to the prior week’s $132 live and $208-210 dressed market.

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