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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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Friday, January 31,2014

Cattle on Feed called neutral; steer, heifer slaughter up

by Kerry Halladay, Associate Editor
The most recent Cattle on Feed report came with a few surprises compared to prereport estimates. While the actual on-feed numbers came in almost dead on prereport expectations, the average industry estimate put placements almost three percentage...

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Friday, January 31,2014

Sorting the January cattle, beef market run

by WLJ
It appears that the phenomenal January run of wholesale beef prices may be over. Choice and Select boxed beef prices peaked on Wednesday, Jan. 22 at $240.05/cwt (Choice) and $237.44/cwt. (Select). Choice boxed beef dropped back nearly $3/cwt by Friday with Select dropping just over $1/cwt.

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Friday, January 31,2014

Winter's early start may increase hay demand

by WLJ
An early start to winter has caused many farms in the upper Midwest to reconsider whether they will have enough hay and other feeds to get their animals to spring. The summer of 2013 allowed many farms to replenish exhausted forage supplies that were caused by the drought the previous year.

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Monday, January 27,2014

Markets keep heading up; sky's the limit?

by Kerry Halladay, Associate Editor
The cash fed cattle trade continued its upward momentum with a vengeance last week as Wednesday saw over 20,000 head sell on that day alone, and at prices $5-6 higher live and $11-13 higher dressed than the prior week’s cash prices. Which, at $141-144 live and $126-129 dressed, were nothing to sneeze at to be sure.

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Monday, January 20,2014

Record cash trade; $143.74 live, $228.60 dressed

by Kerry Halladay, Associate Editor
Corn Belt—$1-2 higher live and fully $4-7 higher dressed than the prior week—by close of trade Thursday those prices had advanced to as high as $144.50 live (all grade steer average of $143.74) and dressed prices as high as $230 (all grade steer average of $228.

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Monday, January 20,2014

Corn supplies surprise industry, revised down

by Kerry Halladay, Associate Editor
Both the most recent World Agricultural Supply and Demand Estimates (WASDE) report and the annual Crop Production report were released Friday, Jan. 10. The number people were waiting for was the final word on corn production for the 2013 year.

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