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Friday, August 23,2013

Supply issues; Zilmax and cows

by Kerry Halladay, Associate Editor
It seems the cash attention last week was on the feeder sales because negotiated cash fed sales were slow to “dead.” Very few bids and only tiny and sporadic sales had occurred by midweek. By Thursday afternoon only 4,679 head had been confirmed sold, making the volume too low for a market trend.

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Friday, August 23,2013

Cattle markets move past summer lows

by WLJ
Cattle markets and boxed beef appear to have moved past the summer lows. Wholesale beef, fed cattle and feeder cattle markets are all generally moving in the same direction, rare for this year, and certainly not all in harmony yet. The Choice boxed beef cutout has increased about $8/cwt.

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Friday, August 16,2013

Zilmax Impacts

by Kerry Halladay, Associate Editor
The cash fed trade last week was at a trickle in terms of volume. Throughout the first half of the week, only slightly more than 4,000 head had sold total on the negotiated market. Bids were slow to appear and were mostly ignored in the face of asking prices of $123-124 live and $200-201 dressed.

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Friday, August 16,2013

Corn changes counter expectations

by Kerry Halladay, Associate Editor
Corn took the cake in last week’s release of the World Agriculture Supply and Demand Estimates (WASDE) report. Counter to prereport estimates which predicted corn yields to be increased, USDA revised the numbers down. This had a short-term positive effect on corn futures and, unsurprisingly, a negative effect on feeder cattle.

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Friday, August 16,2013

Experts: Lots of variables in Zilmax ban's long-term impact

by DTN
“As far as real market impact, it’s going to depend upon whether anybody follows suit,” DTN Livestock Analyst John Harrington said. “If Tyson’s all alone out there, it’s probably not going to have a huge market impact. On the other hand, if JBS, National and Cargill all get on the same page, well, then that will have ripples.

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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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