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Friday, October 31,2014

Cattle on Feed called neutral; 26 months of declines

by Kerry Halladay, Associate Editor
The most recent Cattle on Feed report, released Friday, Oct. 24, was called roundly neutral for its lack of divergence from the past year, and for falling in line with prereport estimates. There was one additional slaughter day in September 2014 compared to 2013.

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Friday, October 31,2014

Interest strong, competition intense at Paris food show

by WLJ
About 150,000 participants from more than 100 countries are in attendance at the five-day event. A majority of those attending are from the European Union, but SIAL also attracts a large number of buyers and other food industry professionals from Russia, the Middle East and many Asian countries including Japan and China.

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Monday, October 27,2014

A tale of two markets

by Kerry Halladay, Associate Editor
The industry seems to be running a manic two-part market game. On the one hand, strength in the cash fed and feeder markets was striking last week, as were gains in both futures markets, yet at the same time there was continued information on declining and disappointing beef movement.

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Friday, October 24,2014

Brazil set to expand feedlots, grain feeding

by Kerry Halladay, Associate Editor
A recent report from Rabobank suggests the future of beef abroad will be Brazil. However, the country—already the world’s second largest beef producer and largest exporter—is not nearly as efficient as its fellow beef competitors. The answer will be American-style feedlots, fueled by the growing Brazilian grain industry.

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Monday, October 20,2014

Corn yields raised in recent WASDE report

by Kerry Halladay, Associate Editor
Most things were up in the most recent World Agricultural Supply and Demand Estimates (WASDE) report, released in the afternoon on Oct. 10. For beef, the increased production estimated hinged mostly on increased carcass weights, but corn and soybean yield estimates were finally catching up with what analysts have been saying for months.

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Monday, October 20,2014

Outside issues worry beef, cattle markets

by Kerry Halladay, Associate Editor
Unlike past weeks, trade got underway earlier than usual last week. By Wednesday, over 50,000 head had been confirmed sold with Kansas, Nebraska, and the western Corn Belt leading the charge, despite analysts’ early week projections of late week trade.

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Friday, October 17,2014

October rain equals stocker demand

by WLJ
The formula is pretty simple. Winter wheat planting in Oklahoma this fall is ahead of normal pace and the best in several years. All that is lacking in many cases is a rain to get the wheat up or connect surface moisture with subsoil moisture and keep the wheat growing.

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Friday, October 17,2014

Falling gasoline prices: There are lots of reasons why

by WLJ
Plummeting gasoline prices are the result of lagging economic growth in many parts of the world, the end of the summer driving season, less expensive winter gasoline and well-functioning Midwest refineries, Purdue University Energy Economist Wally Tyner says.

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Monday, October 13,2014

Scarcity creates land opportunities

by Kerry Halladay, Associate Editor
With the recession diminishing in the memories of the country, and people dissatisfied with waiting any longer to invest, the land market in the intermountain region has decidedly picked up. There is optimism and buyer interest with some looking to invest and others looking to expand.

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Monday, October 13,2014

Second verse, same as the first

by Kerry Halladay, Associate Editor
The second week of October looked an awful lot like the first week in terms of the cattle markets. Cash was slow to start with expectations putting it at higher money, futures continued upwards, feeders sold for more money, and the beef complex gained some ground while still leaving packers in the red.

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