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Friday, August 16,2013

Fall feeder cattle marketing options

by WLJ
Oklahoma feeder cattle prices have increased about $20/cwt for all weights since the lows in late May. After being on the defensive much of the first half of the year, feeder cattle markets are poised to hold stronger in the second half of the year.

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Friday, August 9,2013

Futures rally on Tyson announcement

by Kerry Halladay, Associate Editor
Cash trade was again slow to develop last week and that may have turned out to bite packers. Following an announcement Thursday morning by Tyson that it would no longer accept cattle fed Zilmax—the commercial form of the beta agonist zilpaterol— both live and feeder futures rallied powerfully in response.

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Friday, August 9,2013

Estimated midyear U.S. cattle inventory down

by WLJ
The status of cattle inventories in the U.S. is unknown at this time. USDA’s National Agricultural Statistics Service cancelled the midyear report, so there are no official July 1 survey-based estimates of cattle inventories by class, 2013 calf crop, or total Cattle on Feed available.

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Friday, August 9,2013

Red meat exports hit 2013 highs

by WLJ
Exports of U.S. beef and pork enjoyed their best month of the year in June, rising both in volume and value over 2012 levels, while lamb exports continued their steady increase, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

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Friday, August 2,2013

Ups to be found in down market

by Kerry Halladay, Associate Editor
Cash trade developed in Kansas in low volumes last Thursday at— you guessed it—$119 live. Some small and local loads of cattle were sold in Iowa at $191-194, but volumes were insufficient to set a market trend, though analysts did predict it would set the tone for the rest of the week’s trade.

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Friday, August 2,2013

Beef industry about to make a slow turn

by WLJ
The beef industry is about to reverse a downward trend in numbers, but expansion is expected to start slowly. The number of beef animals has been in a downward spiral since 2007 due to drought which has ravaged pastures and due to high prices of corn, soybean meal and forages.

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Monday, July 29,2013

New crop corn lower on good weather

by Kerry Halladay, Associate Editor
Read any market story and the vision of the market as a creature with its own quirks and foibles is hard to resist. Sometimes it’s the “Bull,” while other times it’s the “Bear.” It can be fickle, nonsensical, and driven by fear or greed. It can be spooked, confident, or ignore things altogether.

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Monday, July 29,2013

Placements decline over 4 times more than expected

by Kerry Halladay, Associate Editor
Calling the most recent Cattle on Feed (COF) report “bullish” is something of an understatement. Instead of the usual bovine mascot for that market scenario—horned, alert, ready for action—let’s substitute something more extreme.

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Friday, July 26,2013

Sideways trade in cash fed, live futures

by Kerry Halladay, Associate Editor
The cash fed market surprised last week when trade developed on Wednesday, contrary to analysts expectations of late-week trade. Over 10,000 head were confirmed sold in negotiated cash trade, and while that volume indicates more trade would be left for later on, it was sufficient to establish the numbers.

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Friday, July 26,2013

Opportunities for stronger economic returns, greater environmental sustainability

by WLJ
The beef industry faces the challenge of producing enough affordable beef to meet the nutritional requirements of an ever-growing global population. This is being accomplished through best practices that positively impact both the environment and economics.

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