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Friday, March 8,2013

Russia's, China's actions renew debate on science-based trade

by WLJ
The first to move was Russia, which notified the U.S. and other countries in December that they were required to certify that their pork and beef exports were free of ractopamine residues. When the U.S. government did not implement a program for certifying exports, Russia closed its market to imports of beef and pork from the U.

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Friday, March 1,2013

Cattle on Feed report surprises cancel out

by Kerry Halladay, Associate Editor
The most recent Cattle on Feed (COF) report was released Friday, Feb. 22. It detailed the number of cattle on feed in feedlots with a 1,000-head or greater capacity as of Feb. 1 and the number of cattle placed on feed and marketed from such feedlots during the month of January.

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Friday, March 1,2013

Product values up on production cuts, storm

by WLJ
Throughout last week, cash fed cattle sales were slow to develop, both on market and outside reasons. The storms caused some difficulty for feedlots around the country, and when dealing with the physical necessities of digging out and caring for the cattle, sales become hard things to do.

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Friday, March 1,2013

Farmers see tax changes in annual reporting

by WLJ
The fiscal cliff created the opportunity for a number of changes in the tax rules regulating when a farm must complete and file their annual income tax returns. For 2012, farm income tax returns have received a deadline extension from the normal March 1, 2013, date to file their tax returns without penalty, if they have not made estimates.

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Friday, March 1,2013

Gasoline prices on the rise

by WLJ
The average U.S. retail price for regular motor gasoline is up about 45 cents per gallon since the start of 2013, reaching $3.75 per gallon on Feb. 18. The rise in gasoline prices is partly due to higher crude oil prices.

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Friday, March 1,2013

Making money last in retirement

by WLJ
The order in which withdrawals are made is the key to tax efficiency. Generally, this means tapping taxable accounts—i.e., investments other than IRAs and taxdeferred employer plans such as 401(k)s—first, since they were made with aftertax dollars and taxes have already been paid on investment earnings.

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Friday, March 1,2013

Hay availability down, prices up in 2012

by Kerry Halladay, Associate Editor
On the heels of Rocky and Q—the winter storms, that is—the issue of winter hay feeding is a key concern. Though for some, winter always means feeding hay, the unusual and sudden levels of snow many parts of cattle country got last week and the week before have potentially intensified that need.

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Friday, February 22,2013

Winter weather impacts cattle trade

by WLJ
The cash fed cattle market was slow to develop last week. The first sales surfaced on Wednesday in the South Plains at $123 live and some very light trade took place in the Corn Belt at $122 live and $194-196 dressed.

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Friday, February 22,2013

What's next for beef demand?

by WLJ
There is understandably a lot of concern in the beef industry about beef demand in the coming months. The expected decrease in beef production in 2013 will likely represent a 3.3 percent decrease in domestic per capita supplies.

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Friday, February 8,2013

Consumer uncertainty hurts demand

by WLJ
The cash live cattle trade was slow to develop last week as packers tried to play chicken with cattle feeders over buying inventory. Offers were firm at $127-128 live and $205 or more dressed. Limited bids of $123 live had surfaced in the south Plains by Wednesday, but beyond that, packers were silent on bidding and cattle feeders weren’t biting.

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