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Friday, May 25,2012

Cold storage report chills futures

by WLJ
The cash cattle trade developed with moderate activity in the south Plains on Wednesday. Texas and Kansas saw roughly 30,000 head sell at $121 live. Analysts anticipate Wednesday saw most of the southern trade, though low volume suggested possible clean-up sales throughout the rest of the week.

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Friday, May 18,2012

Futures rally on cattle on feed predictions

by WLJ
Again, the cash fed cattle markets remained immobile until Friday. Bids trailed asking prices by $3-$5 in most cases and up to $9 in more extreme cases. Asking prices stayed steady for live cattle at $122-123 in the south Plains and ranged from $194-197 dressed in the north.

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Friday, May 18,2012

Beef imports gain in first quarter while exports fall behind

by WLJ
is available for export. U.S. beef production is expected to be 5 and 8 percent lower in the third and fourth quarters of 2012, and exports are expected to be 9 percent and 6 percent lower in those quarters. Beef export levels in 2013 are expected to be only slightly (1 percent) below forecast 2012 levels, at 2.

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Friday, May 4,2012

Futures rally but CME changes cause concern

by WLJ
By midday Thursday, only sporadic trading had taken place. A handful of dressed sales occurred Monday at $193-194 in Iowa, and light trade developed in the north at $120 live and $188-191 dressed later in the week. Kansas and Nebraska saw token buys at $117 live and $188 dressed.

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Friday, April 27,2012

Cattle on feed up 2 percent in April; good weather holds back placements

by Kerry Halladay, Associate Editor
California, Nebraska and Washington saw the largest year-to-year increases in the cattle on feed population. Compared with April 1, 2011, California was up 9 percent, with 490,000 cattle on feed. Nebraska saw a 6 percent increase from last year’s numbers with 2.

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Friday, April 27,2012

BSE story shakes futures; cutout values high

by WLJ
Futures rallied slightly in the wake of a less sensationalized media presentation of the BSE story, a welcomed change from the reception of lean finely textured beef (LFTB). Word that the case was atypical tempered the reaction of importers of U.S. beef to minimal at best.

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Friday, April 27,2012

Big 5 corn costs ramp up

by DTN
It’s no shock that input costs for corn production have staged four years of sizable price increases. But unlike past seasons, higher overheads will be exposing producers to more serious marketing risks in 2012, cautions financial adviser Sam Bachman with AgriSolutions.

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Friday, April 13,2012

Rallies in cash and futures

by WLJ
South Plains cattle started Wednesday steady at $119-120 but closed the day trading at $122. North Plains saw steady selling at $122 with Nebraska and Iowa seeing slightly higher live prices than the rest of the north, as high at $123.50, and dressed prices at $194-195 with a few instances of $196.

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Friday, April 13,2012

Shrinking global crops support grain prices

by Traci Eatherton, WLJ Managing Editor
USDA’s account of all South American crops continued to shrink leading up to last week’s Crop Production and World Agricultural Supply and Demand Estimates (WASDE) report, with news of smaller and smaller harvests in key areas. Those smaller supplies have supported U.

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Friday, March 30,2012

High numbers now mean low numbers later

by Kerry Halladay, Associate Editor
The U.S. cattle on feed rose, as did placements, in February and March. But continued high placements are unsustainable and many project a drop in placements which will result in shorter meat supplies later in summer. Recent rains in drought-stricken areas will also tighten numbers as more heifers are kept as replacements rather than feeders.

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