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Friday, November 9,2012

Packers cut kills to stall losses

by WLJ
Cash trade for fed cattle was slow to develop last week. By Thursday afternoon, only a few strings big enough to set a trend sold at $125 live in Nebraska. Other than that, activity was limited to offers of $128 live and $198- 200 dressed.

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Friday, November 9,2012

The retail cost of menu items for a...

by WLJ
The retail cost of menu items for a classic Thanksgiving dinner including turkey, stuffing, cranberries, pumpkin pie and all the basic trimmings increased less than 1 percent this year, according to the American Farm Bureau Federation (AFBF).

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Friday, November 2,2012

Product values break

by WLJ
Live and fed cattle markets were performing mixed last week. Cash trade developed earlier than expected, but at lower prices than seen the week before. The futures markets performed well, but faltered midweek. Even though they were still in the black at the time of reporting late in the week, their gains were not what they had been.

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Friday, October 26,2012

Feedlot placements lower than expected

by Kerry Halladay, Associate Editor
Both the most recent Cattle on Feed report and the most recent Cold Storage report shows cattle and beef down. For the Cattle on Feed report, the numbers were down as expected, but they were well below industry expectations and surprising.

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Friday, October 26,2012

Choice cutout flirts with $200

by WLJ
Cash trade developed sporadically throughout last week. Small batches of sales cropped up each day through the first half of the week, but by Wednesday, the volumes were too low to establish a reliable trend. Monday and Tuesday saw small batches sell in Iowa at $125.

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Friday, October 19,2012

Cutouts pass resistance, move higher

by WLJ
The cash trade for fed cattle was basically nonexistent last week by midday Thursday. One load sold Tuesday in Iowa at $192 dressed, but that was insufficient to determine a market trend. For the most part, cattle feeders passed over offers of $122 live and $191-193 dressed, asking $126-127 live and $194-196 dressed.

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Friday, October 12,2012

Corn stocks lowest since 1995

by Traci Eatherton, WLJ Managing Editor
While USDA’s October World Agricultural Supply and Demand Estimates (WASDE) report had some big changes, it was in line with most analysts’ expectations. Corn yields remained declined slightly, but 2011 stocks were cut drastically and are now the lowest since 1995/96, according to analysts.

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Friday, October 12,2012

Cutout values expected to increase

by WLJ
The cash fed cattle trade was slow to develop last week. By Thursday midday, very few bids had been posted at $122 live in the South Plains and $188-190 dressed in the Corn Belt. These were generally passed over by packers, well aware of smaller showlists, short-bought packers and the tight supplies.

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Friday, October 5,2012

Cash trade slow to develop

by WLJ
No one seemed in a hurry to buy fed cattle last week. Bids were light and sporadic to nonexistent most of the week. Through midday Thursday, bids of $121 live in the south Plains made Monday, and repeated throughout the week, and a Thursday morning bid of $187-189 dressed in Nebraska were the only things to develop.

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Friday, October 5,2012

Corn stocks below expectations, soybeans surprise

by Kerry Halladay, Associate Editor
The most recent Grain Stocks report was released Friday, Sept. 29 by USDA. It reported all stocks of corn in all positions—on farms and in mills, elevators, warehouses, terminals and processors—stood at 988 million bushels (mb), well below prior year comparisons and industry and earlier USDA projections.

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