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Friday, March 29,2013

Stored beef up, but proportion of total down

by Kerry Halladay, Associate Editor
The USDA Cold Storage report came out Friday, March 22 and reported on the red meat and poultry in cold storage for February. Overall red meat in cold storage was up 3 percent in February 2013 versus February 2012 with 1.15 billion pounds. This represented 52.

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Monday, March 25,2013

Product values reversed, demand questioned

by WLJ
Cash trade developed fairly early last week, with the majority of trade volume completed by Wednesday. Each day’s trade was individually said to be light, however.

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Friday, March 22,2013

Lending up $10B, more than 3,600 jobs added by farm banks

by WLJ
“The continued growth in farm loans demonstrates the important role banks play in the success of farms and ranches both large and small,” said John Blanchfield, senior vice president and director of ABA’s Center for Agricultural and Rural Banking. “Banks remain the most important source of ag credit holding more than half of all farm loans.

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Monday, March 18,2013

Increased production could impact prices

by WLJ
The cash fed cattle trade was slow to develop last week with only a few bids having been offered by Thursday. Asking prices from cattle feeders were decidedly at $130 live and $205 dressed with bids of $125 live being ignored.

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Friday, March 15,2013

Poultry has potential to pressure beef

by Kerry Halladay, Associate Editor
The most recent World Agricultural Supply and Demand Estimates (WASDE) report was released Friday, March 8. The report held few surprises in red meat and crops, but poultry changes—particularly of broilers and turkey— drew attention.

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Friday, March 8,2013

Product gains

by WLJ
Cash fed cattle trade developed sporadically throughout the week, starting on Monday with a few loads sold in Texas at $128 live. This was called too small to set the market and perhaps was cleanup trade from the prior week. Offers started the week at $130 live and $206-207 dressed.

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Friday, March 8,2013

Russia's, China's actions renew debate on science-based trade

by WLJ
The first to move was Russia, which notified the U.S. and other countries in December that they were required to certify that their pork and beef exports were free of ractopamine residues. When the U.S. government did not implement a program for certifying exports, Russia closed its market to imports of beef and pork from the U.

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Friday, March 1,2013

Cattle on Feed report surprises cancel out

by Kerry Halladay, Associate Editor
The most recent Cattle on Feed (COF) report was released Friday, Feb. 22. It detailed the number of cattle on feed in feedlots with a 1,000-head or greater capacity as of Feb. 1 and the number of cattle placed on feed and marketed from such feedlots during the month of January.

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Friday, March 1,2013

Product values up on production cuts, storm

by WLJ
Throughout last week, cash fed cattle sales were slow to develop, both on market and outside reasons. The storms caused some difficulty for feedlots around the country, and when dealing with the physical necessities of digging out and caring for the cattle, sales become hard things to do.

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Friday, March 1,2013

Farmers see tax changes in annual reporting

by WLJ
The fiscal cliff created the opportunity for a number of changes in the tax rules regulating when a farm must complete and file their annual income tax returns. For 2012, farm income tax returns have received a deadline extension from the normal March 1, 2013, date to file their tax returns without penalty, if they have not made estimates.

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