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Friday, December 13,2013

The more things change, the more they stay the same

by WLJ
For at least three decades, beef cattle scientists have studied body condition of cows and its impact on productivity. Cows in better body condition at calving time and breeding nearly always seem to outperform their counterparts that are in thinner body condition.

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Friday, December 13,2013

Beef exports surged in October

by WLJ
Beef exports remained on a record-setting pace in October while pork exports put up one of their strongest performances of the year, yet remain behind 2012’s record-high levels, according to statistics released by the USDA and compiled by the U.S. Meat Export Federation (USMEF).

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Monday, December 9,2013

Where are cash prices going?

by Kerry Halladay, Associate Editor
Trade was slow to develop last week ahead and then during the sudden, intense cold weather that gripped most of cattle country. Light purchasing trickled in throughout the week, but by Thursday afternoon the bulk of the week’s trade took place at $132 live and $208-210 dressed, roughly steady with the prior week.

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Friday, December 6,2013

Beef demand challenges ahead

by WLJ
Beef production is falling at the end of 2013 and is expected to fall sharply in the coming year. This reduction in beef supply will add significant additional pressure to increase wholesale and retail beef prices. This leads to much concern in the beef industry that beef will “price itself out of the market.

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Friday, November 29,2013

Cattle on Feed report called neutral

by Kerry Halladay, Associate Editor
The November Cattle on Feed report came in dead on the pre-report industry expectations. Though many have called it neutral for this reason, Steve Meyer and Len Steiner of CME’s Daily Livestock Report called it slightly bearish..

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Friday, November 29,2013

Futures creep back after break

by Kerry Halladay, Associate Editor
Initial expectations for last week were for a steady cash trade with the prior week’s $130-132 live and $206-208 dressed trade.

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Monday, November 25,2013

Futures break on fund liquidation

by Kerry Halladay, Associate Editor
Cash fed cattle trade was in a “wait and see” mode last week ahead of the release of the Nov. 1 Cattle on Feed report and the drastic downward movement of the futures market. By Thursday afternoon, light trade amounting to over 11,000 head for the week had sold at $130-131 live in the South Plains and $132 live and $208 dressed in the Corn Belt.

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Friday, November 22,2013

Current cattle markets foretell 2014 market expectations

by WLJ
The counter-seasonal behavior of cattle markets this fall indicates the transition occurring in beef and cattle markets. The fourth quarter of 2013 provides insight into the general expectations for markets in 2014. Cattle slaughter for the year to date is down 1.

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Friday, November 22,2013

Where are farm land values going in the future?

by Kerry Halladay, Associate Editor
On the one hand, the most recent Land Values report from USDA’s National Agricultural Statistics Service showed overall farm real estate value—which includes the value of all land and buildings on farms—averaged $2,900 per acre for 2013, up 9.4 percent from the revised 2012 values.

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Friday, November 22,2013

Cost of the classic Thanksgiving dinner down slightly for 2013

by WLJ
The American Farm Bureau Federation’s 28th annual informal price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $49.04, a 44-cent price decrease from last year’s average of $49.

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