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Friday, January 18,2013

Beef production estimates up, but still below 2011

by Kerry Halladay, Associate Editor
The most recent World Agricultural Supply and Demand Estimates (WASDE) report was issued by USDA on Friday, Jan 11. The report showed several good things for beef, such as increased production estimates and reduced import projections, and also a number of surprising things for corn.

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Friday, January 18,2013

Cargill to idle TX plant

by WLJ
TX, beef processing facility effective at the close of business Friday, Feb.1, 2013, resulting primarily from the tight cattle supply brought about by years of drought in Texas and Southern Plains states. Approximately 2,000 people work at the Plainview facility, and they will receive company support.

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Friday, January 11,2013

Anti-GM activist apologizes for past

by WLJ
Thursday, Jan. 3, saw the most recent Oxford Farming Conference where journalist, environmental activist, and now ex-anti-GM agitator, Mark Lynas described in no uncertain terms how he came to support GM technology and why others should, too. In his 51-minute speech, he apologized for his past activities and urged others to accept GM technology.

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Friday, January 11,2013

Taxpayer Relief Act of 2012 -- what does it mean to farmers?

by WLJ
The U.S. Congress worked overtime over the New Year’s holiday to pass the American Taxpayer Relief Act of 2012 and it was signed into law by President Obama.

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Friday, January 4,2013

Demand exceeded availability in Southwest land in 2012

by Kerry Halladay, Associate Editor
Buford noted that 2012 didn’t differ much in what drove sellers and potential buyers—the same economic and environmental pressures and political uncertainties existed—but that there was a lot more buyer confidence in 2012 than in 2011.

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Friday, January 4,2013

Limited production doesn't drive product higher

by WLJ
In last week’s short New Year’s week, cash trade was slow to develop despite the pressure on packers to buy for their first full-production week in a while. Showlists were overall larger across the country with Kansas being the only major cattle-feeding state to see smaller showlists.

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Friday, January 4,2013

BLM approves Vegas water pipeline

by Traci Eatherton, WLJ Managing Editor
The Bureau of Land Management (BLM) finished 2012 by signing off on a massive pipeline project that will carry water from rural counties along the Nevada-Utah line to thirsty Las Vegas. The controversial 263-mile water tube will stretch from rural areas to urban Las Vegas, home to 2 million people.

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Friday, December 28,2012

Holiday week impacts trade

by WLJ
The Christmas holiday disrupted cattle markets all around last week. Production was expected to be down, so the urge to buy fed cattle was low on that front. On the other side, however, the fact packers are running out of contract cattle put some pressure on them to buy negotiated fed cattle.

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Friday, December 28,2012

Placements surprise in recent report

by Kerry Halladay, Associate Editor
21. Because of surprising placement numbers—down compared to last year, but not as down as expected—the report is being called bearish for live cattle futures by CME analysts. On-feed numbers were almost dead-on to pre-report expectations and marketings were slightly below expectations.

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Friday, December 21,2012

Early week futures rally

by WLJ
The cash fed cattle trade was slow to develop again last week, though not as slow as in recent prior weeks. Throughout the first half of the week, trade was nonexistent. Cattle feeders were asking $128-130 live and $202- 205 dressed and ignored the offers of $123 live in the Southern Plains and the $195 dressed bids.

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