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Friday, February 1,2013

Placements, marketings defy expectations

by Kerry Halladay, Associate Editor
is down 6 percent compared to last year’s Jan. 1 on-feed population of 11.86 million. Pre-report estimates had anticipated an on-feed level 95.6 percent of last year’s. The unrounded results were 94.4 percent, which was just within the low end of the pre-report estimate range.

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Friday, January 25,2013

Product values continue downward movement

by WLJ
There were almost no bids recorded last week, though trade did develop lightly by midweek. In the south Plains, live cattle traded at $122 and at $121-122 in the Corn Belt. Dressed cattle saw Corn Belt trade at $193 with instances of $194 in Iowa.

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Friday, January 25,2013

An outlook for 2013: Top 5 opportunities

by WLJ
After a year of challenges, highlighted by the worst drought in more than a halfcentury, the U.S. red meat (beef, pork and lamb) industry is focusing on 2013 as a year of great opportunities to increase the value those agricultural exports bring to exporters, processors, producers and the broad American agricultural industry that supports them.

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Friday, January 18,2013

Cash trade down

by WLJ
Cash fed cattle trade struggled last week as signals of disappointing consumer demand and unsupported futures levels eroded prices both buyers and sellers could agree on.

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Friday, January 18,2013

Beef production estimates up, but still below 2011

by Kerry Halladay, Associate Editor
The most recent World Agricultural Supply and Demand Estimates (WASDE) report was issued by USDA on Friday, Jan 11. The report showed several good things for beef, such as increased production estimates and reduced import projections, and also a number of surprising things for corn.

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Friday, January 18,2013

Cargill to idle TX plant

by WLJ
TX, beef processing facility effective at the close of business Friday, Feb.1, 2013, resulting primarily from the tight cattle supply brought about by years of drought in Texas and Southern Plains states. Approximately 2,000 people work at the Plainview facility, and they will receive company support.

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Friday, January 11,2013

Anti-GM activist apologizes for past

by WLJ
Thursday, Jan. 3, saw the most recent Oxford Farming Conference where journalist, environmental activist, and now ex-anti-GM agitator, Mark Lynas described in no uncertain terms how he came to support GM technology and why others should, too. In his 51-minute speech, he apologized for his past activities and urged others to accept GM technology.

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Friday, January 11,2013

Taxpayer Relief Act of 2012 -- what does it mean to farmers?

by WLJ
The U.S. Congress worked overtime over the New Year’s holiday to pass the American Taxpayer Relief Act of 2012 and it was signed into law by President Obama.

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Friday, January 4,2013

Demand exceeded availability in Southwest land in 2012

by Kerry Halladay, Associate Editor
Buford noted that 2012 didn’t differ much in what drove sellers and potential buyers—the same economic and environmental pressures and political uncertainties existed—but that there was a lot more buyer confidence in 2012 than in 2011.

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Friday, January 4,2013

Limited production doesn't drive product higher

by WLJ
In last week’s short New Year’s week, cash trade was slow to develop despite the pressure on packers to buy for their first full-production week in a while. Showlists were overall larger across the country with Kansas being the only major cattle-feeding state to see smaller showlists.

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