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Monday, May 13,2013

Record product values, contract lows

by Kerry Halladay, Associate Editor
The cash fed trade developed as a slow but steady trickle last week with reportable sales starting as early as Tuesday. Cattle sold for $126-127 live and $202-204 dressed, decreases of as much as $5-6 for both depending upon what part of cattle country one looked at.

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Friday, May 10,2013

Restaurant Performance index rose above 100 in March as same-store sales improved

by WLJ
Buoyed by positive sales results and a more optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index (RPI) rose above 100 in March. The RPI—a monthly composite index that tracks the health of and outlook for the U.

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Friday, May 10,2013

March beef export results mixed

by WLJ
March exports of U.S. beef were down in volume from a year ago but edged slightly higher in value, while pork exports slumped on lower results in several mainstay markets. According to statistics released by USDA and compiled by the U.S.

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Friday, May 10,2013

Boxed beef leads the way

by WLJ
Choice boxed beef reached record levels above $200/cwt. last week, with fed cattle prices not far behind. The late spring rally comes after boxed beef and fed markets appeared to have topped in March.

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Monday, May 6,2013

Choice breaches $200 mark

by WLJ
The cash trade developed relatively early given the recent trend. By Wednesday, trade had begun at $128-129 live in the South Plains and $207 dressed in Colorado. The activity continued Thursday morning with dressed trade going for $205 in Nebraska and $207 in the Corn Belt on active trade.

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Friday, May 3,2013

Cow slaughter continues above last year

by WLJ
Total beef production for the year to date is down 1.3 percent and total slaughter is down 2.1 percent compared to the same period last year. Both beef production and slaughter have been larger in recent weeks and the yearto-date total is down less than expected.

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Monday, April 29,2013

Slow cash trade as futures improve

by WLJ
Cash trade—or even the rumor of it—was basically non-existent throughout the first half of last week, with not even 1,500 head sold by Wednesday evening. Packer bids only developed late Wednesday, and at $123-124 live and $198 dressed, they lagged behind offers by $5-7.

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Monday, April 29,2013

Placements surprise

by Kerry Halladay, Associate Editor
The April Cattle on Feed report (COF) came out Friday, April 19. The report covers numbers of cattle on feed in feedlots of 1,000 head or greater capacity as of April 1, and the number placed and marketed during March. The biggest surprises came from the number of cattle placed, which was well above both year ago levels and pre-report estimates.

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Friday, April 26,2013

It's spring, but cattle markets are still frozen

by WLJ
There seems to be a chill on cattle markets…both literally and figuratively. Cattle markets remain hunkered down due to weather and other impacts. The unrelenting cold, wet spring continues to have a variety of impacts on both the supply and demand sides of cattle and beef markets.

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Monday, April 8,2013

Cash market continues upwards

by WLJ
There was an interesting game going on in the cash fed market last week. Early in the week, word from packers was that they were going to pull April contract cattle for their needs and avoid the higher cash market. This led analysts to predict a steady to down $1 cash trade.

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