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Friday, March 23,2012

Spring fever hits markets

by WLJ
“It looks like a lot of eastern Corn Belt farmers are hoping to have some early-harvested corn to use in capturing old-crop premiums before the main harvest season gets underway.Things could get exciting in the markets if there would happen to be widespread frost in late April,” according to Bob Wisner, Iowa State University.

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Friday, March 23,2012

U.S. commercial lamb production down 9 percent in 2011

by WLJ
Texas is by far the leading lamb-producing state, so what happens there also affects the entire country. On Jan. 1, 2011, there were 515,000 ewes in Texas, which is more than the next two leading states combined (California with 273,000 and Wyoming with 220,000).

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Friday, March 16,2012

U.S. corn ending stocks higher than expected

by Kerry Halladay, Associate Editor
Beef projections are expected to be slightly higher from February with prices getting stronger. Export is expected to remain unchanged, but domestic slaughter is expected to be low. Slight overall increase is small, but still well below numbers from past years.

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Friday, March 16,2012

Retailers win with lower boxed beef values

by WLJ
Ideas that the early warm weather across the central part of the U.S. could spark early summer-type demand helped support last week’s market. In addition, a more active volume of trade in the boxed-beef market boosted support levels. A positive tilt to equity markets and weakness in the U.

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Friday, March 9,2012

Fed cattle down $4

by WLJ
Cash live cattle markets were in trouble after last Monday’s futures markets closed sharply lower, offering no support to cash trade for the balance of the week. Cattle feeders were eager sellers on Tuesday, concerned that markets could move even lower during the week and that $127 would be about it for the week’s trade.

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Friday, February 24,2012

Packer purchases bolster cash market

by WLJ
Fed cattle prices jumped to their highest levels in history a week ago, as short-bought packers purchased for the short slaughter week. Sales in the south ranged between $128 to $129.50, mostly $5 higher than the previous week. Dressed deals in the north were mostly $203, or $6 higher.

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Friday, January 27,2012

Cattle on feed up 3 percent from 2011

by Kerry Halladay, Associate Editor
Last week’s USDA-issued cattle on feed report was in keeping with earlier predictions. Cattle on feed were up; placements were down due to reduced supplies of feeder cattle. Fed cattle marketings were down slightly with one less trading day which put the marketing rate in line with projections.

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Friday, January 27,2012

Cattle futures decline

by WLJ
The previous week, live sales ended mostly at $126 in the Southern Plains and in Nebraska and the western Corn Belt, live sales traded mostly from $125-126 with dressed sales mostly at $202. In Colorado for the previous week, live sales traded from $125.

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Friday, January 6,2012

Market movement slow post holidays

by WLJ
The new year has started off slow in the fed cattle arena, seeing very little movement last week, with inactive to light demand in the southern and northern Plains, as well as the western Corn Belt. The previous week’s market saw sales at $122 in the Texas Panhandle, and in Kansas and Colorado, live sales traded at $121.

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Friday, November 11,2011

Fed trade comes in steady

by WLJ
Fed cattle trade remained quiet last week. Iowa saw a few Holstiens trading for $1.80 on Tuesday. Nebraska and Iowa trade on Wednesday saw a few hundred head sold for $123.5-124 live and $1.95 dressed.

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