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Friday, October 11,2013

No U.S. data; some Mexican data

by WLJ
The lack of federal government data collection has already impacted livestock markets. The impacts will grow exponentially if the situation persists for many more days. The most significant initial impacts are on business arrangements that base beef and cattle transactions on USDA price reports.

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Friday, October 4,2013

Stocker production opportunities increasing with feeder prices

by WLJ
The ingredients for the best winter wheat grazing opportunity in several years seem to be coming together this fall. Most all of Oklahoma has received significant rain in the past two weeks. The rain is sufficient, in most cases, to get wheat planted and up.

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Monday, September 30,2013

Placements lowest on record

by Kerry Halladay, Associate Editor
The most recent Cattle on Feed report again had bullish surprises in the placements area. Analysts expected placements to be down, but what actually happened was a shock. Placement numbers inspire questions; are cattle being held back or do they exist at all?.

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Friday, September 27,2013

Cash, futures, product values up

by Kerry Halladay, Associate Editor
The trend of a Friday trade continued last week; Packers might have done themselves a disservice in waiting as futures did nothing but strengthen throughout the week and they were said to have had short supplies of contract cattle around them. Analysts expected trade to take place late Friday at higher money compared to the prior week.

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Monday, September 23,2013

Demand mixed

by Kerry Halladay, Associate Editor
Yet another week of “wait- ‘til-Friday” trade in the cash fed cattle markets. With larger show lists, a number of outside influences on the market, and the expectation of a late Friday-afternoon Cattle on Feed report, the theme was one of biding time..

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Friday, September 20,2013

2013 to be export year for beef

by Kerry Halladay, Associate Editor
Production estimates were upped for both this year and next on increased bull and cow slaughter throughout this year. Estimates of 25.68 billon pounds (bp) of beef were set for 2013 and 24.23 bp for 2014. These are both below the production of 2012, but up from earlier expectations this year.

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Friday, September 20,2013

Feeder markets continue adjusting to big corn crop

by WLJ
Cash corn prices in the Texas Panhandle have decreased $2.00/bushel since July. While there is still some uncertainty about how big the new corn crop will be and just how low corn prices might go, there is no doubt that significantly lower corn prices will have a big impact on feeder price levels and feeder price relationships.

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Monday, September 16,2013

Import projections, exports improve

by Kerry Halladay, Associate Editor
Bids were slow to develop and were passed over out of hand by cattle feeders offering cattle at $3-5 above the Spartan bids. That said, analysts expected trade would develop at slightly depressed prices from the prior week of $123 live in the South Plains, and $194-195 dressed in the Corn Belt.

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Friday, September 13,2013

Cattle prices don't follow meat counter prices

by WLJ
Consumers visiting their local meat counter to purchase steaks and hamburgers for grilling over Labor Day weekend may experienced some sticker shock over the price of beef and thought cattle producers must be making a lot of money.

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Friday, September 13,2013

Summer changes in the Mexican cattle and beef market, trade

by WLJ
The latest trade data for July provides additional indication that recent trends in U.S. and Mexican cattle and beef trade have changed dramatically. The 51 percent decrease in July imports of Mexican cattle, compared to last year, is a continuation of the change in Mexican cattle imports that has been happening for several months.

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