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Friday, January 10,2014

Marketing challenges: logistics, exports and Canadian imports

by WLJ
There are a multitude of factors impacting the shipping market. Major factors include strong growth for several of the major commodity segments, with the growth in Bakken oil and crop shipments being the most notable. There is a persistently strong demand for containers in other logistical market segments.

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Friday, January 10,2014

Distillers grain prices spike

by WLJ
“While corn prices at South Dakota ethanol plants have dropped $1.50 per bushel since Aug. 2, dried distillers grains plus solubles (DDGS) prices have actually increased by $1.05 per ton,” said Darrell Mark, Adjunct Professor of Economics at South Dakota State University.

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Saturday, January 4,2014

Demand, market conditions and lessened drought could move hay markets in 2014

by Kerry Halladay, Associate Editor
The new year of 2014 has been dubbed the year of the Horse in the Chinese calendar, the year of the family farmer by the United Nations, and apparently the year of cheap feed by the markets.

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Saturday, January 4,2014

Cash fed cattle up sharply

by Kerry Halladay, Associate Editor
Cash fed trade last week was riding the strong price tailwind from the prior week. On Friday, Dec. 27, cash cattle prices increased sharply with cattle selling $3-4 higher for live at $133-136 and $3-6 higher with $210-215—mostly $212-214—for dressed.

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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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