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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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Friday, November 22,2013

Beef exports continue upward

by WLJ
Paced by sustained strong performances by the Japan and Hong Kong markets and a rebound in Mexico, U.S. beef exports in September remained ahead of 2012 levels. U.S.

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Monday, November 18,2013

Corn production up on increased yields

by Kerry Halladay, Associate Editor
The big news of the most recent World Agricultural Supply and Demand Estimates (WASDE) report involved the changes to the corn projections. Though the report’s estimated corn production rate for the 2013/2014 crop is up from the previous estimate, the number was still down from prereport trade averages.

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Monday, November 18,2013

Consumer attention turns to turkey

by Kerry Halladay, Associate Editor
“A post-Thanksgiving rally is expected for product and cash cattle values,” said Andrew Gottschalk of Hedgers Edge. That might not be a good thing in the long run, however, as cash prices and their influencing market elements—such as production rates, feeder prices and futures—threaten to push prices out of consumers’ willingness to pay.

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Friday, November 15,2013

Restaurant Performance Index declined in Sept.

by WLJ
The RPI—a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry— stood at 100.2 in September, down 0.3 percent from a level of 100.5 in August. Despite the recent declines, the RPI remained above 100 for the seventh consecutive month, which signifies expansion in the index of key industry indicators.

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