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Friday, November 16,2012

Cow beef, boneless prices supported

by WLJ
The cash fed cattle trade was particularly sluggish last week with only two loads of cattle selling to regional packers through the first half of the week. On Tuesday, one load sold in Iowa at $192 dressed, which would be below the prior week, and another sold Wednesday in Nebraska at $196 dressed, which would be steady with the prior week.

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Friday, November 16,2012

September beef exports lower

by WLJ
U.S. beef exports in September were well below a year ago. Despite sluggish volumes, however, the value of beef exports through the third quarter of 2012 remains ahead of last year’s recordsetting pace, according to statistics released by USDA and compiled by the U.

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Friday, November 9,2012

The fiscal cliff looms for ag

by Kerry Halladay, Associate Editor
Generally speaking, the fiscal cliff—also called “Taxageddon” in some circles—is the perfect storm when (or if) the Bush-era tax cuts expire at the end of 2012 and automatic government spending cuts to over 1,000 programs take effect at the beginning of 2013.

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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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