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Friday, February 8,2013

Restaurant performance index declines on softer traffic levels

by WLJ
Due in large part to softer same-store sales and customer traffic levels, the National Restaurant Association’s Restaurant Performance Index (RPI) declined in December. The RPI—a monthly composite index that tracks the health of and outlook for the U.S.

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Friday, February 8,2013

Cattle inventory at 61-year low

by Kerry Halladay, Associate Editor
The most recent Cattle Inventory report was released Friday, Feb. 1 and reported on all cattle— beef and dairy—in the U.S. herd as of the first of the year. Overall, the number of cattle and calves recorded was down 1.6 percent at 89.3 million head, making this the lowest Jan.

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Friday, February 1,2013

Export news moves markets

by WLJ
Cash fed cattle trade developed slowly by midweek last week. Small showlists and strength in the futures inspired some hope for the cash trade prices. The South Plains saw live trade on Wednesday at $124-125 and dressed at $197 but on light numbers. Bids were placed at $125 live in the Corn Belt but no trade had occurred.

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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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