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Friday, October 3,2014

Record calf prices boost bottom line

by WLJ
If you choose personal use, one option Johnson said is to start or increase the family’s emergency savings. “When making this decision, ask yourself, ‘Do I have enough money set aside in case of an emergency and I can’t work?’ Having enough money for three to six months of household fixed expenses is always a smart idea,” she said.

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Monday, September 29,2014

Cattle on Feed report neutral to bearish

by Kerry Halladay, Associate Editor
Last week saw the release of two monthly reports relating to meat markets; the Cattle on Feed report and the Cold Storage report.

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Monday, September 29,2014

Beef demand not as strong as expected

by Kerry Halladay, Associate Editor
Everything was slow or a bit low last week. Next to no cash trade had occurred by Thursday—3,380 head were confirmed sold for the week at that point at $153 live and $242 dressed—and the cutout was sharply lower as packers struggled with negative margins and slack demand.

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Friday, September 26,2014

$2 Corn and what it could mean

by Kerry Halladay, Associate Editor
As corn prices steadily fall as word of a record corn crop grows with every telling, animal ag producers rejoice. Cheap corn means cheap feed. Cheap feed means better margins for those raising livestock that eat corn.

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Monday, September 22,2014

Fed cattle drift lower with packer losses

by Kerry Halladay, Associate Editor
Cash fed trade was slow to develop last week as packers were trying to mitigate recently very red margins and everyone was collectively holding their breath for the Friday release of the Cattle on Feed report. Even by Thursday, bids were limited to $155-156 live in the Southern Plains and $242-244 dressed in the Corn Belt.

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Monday, September 15,2014

Futures decline in late trade

by Kerry Halladay, Associate Editor
The cash fed trade last week was slow, but this was not surprising. Analysts expected packers to hold off buying cattle until the release of the World Agricultural Supply and Demand Estimates (WAS- DE) on Thursday, and that seemed to work out for them, though not because of WASDE.

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Friday, September 12,2014

July meat export volume lower; value still on record pace

by WLJ
U.S. red meat exports slowed in July, the first time this year that year-over-year export volumes were lower for both beef and pork. But 2014 exports remain on a strong pace, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

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Monday, September 8,2014

Trend reverses, markets go up

by Kerry Halladay, Associate Editor
Very light trade developed Wednesday at $158-160 live in Minnesota and $250 dressed in Nebraska and Iowa, but at levels too low to set the week’s trend. Still, the early trade at $3-5 higher live and $5-8 higher dressed caught the market’s attention. Live futures closed strong on Wednesday and followed suit on Thursday.

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Friday, September 5,2014

Restaurant Performance Index declines slightly for the second consecutive month

by WLJ
The National Restaurant Association’s Restaurant Performance Index (RPI) for July was released at the end of August. The index registered a modest decline in July as a result of a dampened outlook among restaurant operators.

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Monday, September 1,2014

Live futures rebound, may stabalize briefly

by Kerry Halladay, Associate Editor
“However, I believe we get past Labor Day and further into the month of September and the market will be dealing with increased supplies of competing proteins and heavier carcass weights. This likely resumes the recent downtrend in cash cattle prices from the historic highs posted earlier [in August].

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