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Monday, May 27,2013

High placements make for bearish report

by Kerry Halladay, Associate Editor
The most recent Cattle on Feed (COF) report came out Friday, May 17. It reported that cattle on feed as of May 1 in feedlots with a 1,000-head or larger capacity was down, while cattle placed on feed and marketed during the month of April were both up.

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Friday, May 24,2013

Boxed beef run continues; feedlot inventories down less

by WLJ
Choice boxed beef finished last week at a record weekly average of $207.49/cwt., up $4/cwt. from last week and up $17/cwt. from the recent lows last month. Though this market may be near a peak, the strength and duration of the recent run has been impressive and sets the stage for a stronger summer beef market.

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Monday, May 20,2013

Choice movin' on up

by Kerry Halladay, Associate Editor
By Thursday afternoon, about 15,000 head had been confirmed sold, adding to the 8,000 head sold throughout the week. With the exception of Texas—where live cattle sold at $125, a dollar lower than the prior week’s live price—nothing in trendsetting numbers.

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Friday, May 17,2013

WASDE predicts record corn crop in 2014

by Kerry Halladay, Associate Editor
Friday, May 10 saw the release of the most recent World Agricultural Supply and Demand Estimate (WASDE) report. Though the report contained very few surprises compared to prereport industry expectations, this was the first WASDE report of the year to include domestic projections for the 2013/2014 marketing year and 2013 world production estimates.

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Monday, May 13,2013

Economic hurdles for Australian beef

by Kerry Halladay, Associate Editor
The Australian beef industry is experiencing a perfect storm of economic disaster. Drought, oversupply from closed markets, and ag policy gone awry have left Aussie producers scrambling to find an alternative to simply shooting the hundreds of thousands of excess animals which cost more to feed and ship than they’re worth at market.

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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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