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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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Friday, September 28,2012

Live cash and futures markets down

by Kerry Halladay, Associate Editor
Trade for cash negotiated fed cattle developed earlier last week than often happens, but remained light. Tuesday afternoon saw some very light trade around cattle country at $192 dressed in Iowa and $194 in Nebraska. Wednesday saw trade develop in the south Plains at $123 live and $190-192 dressed in the Corn Belt.

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Friday, September 28,2012

Cattle on Feed report results lower than expected

by Kerry Halladay, Associate Editor
The most recent Cattle on Feed and Cold Storage reports came out Friday afternoon, Sept. 21. All numbers reported for the Cattle on Feed report were down from what the industry anticipated. This could mean supplies are and will be tighter than anticipated.

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Friday, September 28,2012

Beef: bigger and bigger

by WLJ
Maybe not all cattle feeders see it that way, but in the big picture, that’s what is happening, says Shawn Walter, president of Professional Cattle Consultants (PCC). He presented “How big can we go?” at last month’s Feeding Quality Forum in Grand Island, NE, and Amarillo, TX.

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Friday, September 21,2012

Product values up despite market break

by WLJ
Very few bids were posted, none in the first half of the week, and those that surfaced later on were in the area of $122 live in the South Plains, and $192-194 in the Corn Belt with no takers. Asking prices were generally $126 live in the South Plains and $197-200 dressed in the Corn Belt.

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Friday, September 14,2012

Fed futures pass resistance levels

by WLJ
Surprisingly high cash fed cattle trade developed Wednesday last week. Cattle were selling $196-197 dressed and $126-127 live in the Corn Belt and in some portions of the South Plains. Colorado didn’t sell any cattle that day and Nebraska and Iowa sold lightly at $124-126 live and $194-195 dressed.

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Friday, September 14,2012

High corn estimates surprise industry

by Kerry Halladay, Associate Editor
The September World Agricultural Supply and Demand Estimates (WASDE) report came out Wednesday, Sept. 12. This report held some surprises in corn, though the surprises were mostly in that the estimates varied so much from, and were so much stronger than, pre-report industry expectations.

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Friday, September 14,2012

July beef export value largest of 2012, pork lags

by WLJ
U.S. pork exports in July were slightly lower than a year ago while beef exports dipped moderately in volume, achieving their largest monthly total of 2012 while holding steady in value. These results are based on statistics released by USDA and compiled by the U.

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