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Friday, August 17,2012

High cutouts could slow demand

by WLJ
Cash fed cattle markets were slow to develop last week with minimal activity occurring through Thursday morning. Not enough trade occurred in the first half of the week to establish an accurate market test. Expectations existed of serious trade developing on later Thursday and Friday at $1-2 above the prior week’s levels.

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Friday, August 17,2012

U.S. to be net beef importer in 2013

by Kerry Halladay, Associate Editor
The August USDA World Agricultural Supply and Demand Estimates (WASDE) report came out Friday, Aug. 10. The report showed beef production up compared to prior projections, but still down compared to prior years. It also predicted the U.S. will become a net importer of beef by 2013.

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Friday, August 10,2012

Cutout values continue up on increased demand

by WLJ
Very little relevant trade developed in the cash fed markets last week with most activity expected to develop late Thursday and Friday. Markets were inactive through early Wednesday whereupon some slight trade occurred in Iowa at $185 dressed.

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Friday, August 3,2012

Cutouts pick up

by WLJ
No relevant trade had developed in the cash fed markets through the early part of the week. By midday Thursday, only a handful of regional trades had occurred, and none of them enough to set market trend. Bids of $113 live in the south and $180 dressed in the Corn Belt trailed asking prices by $3-5.

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Friday, July 20,2012

Futures rally on Japanese hopes

by WLJ
Cash live cattle trade surfaced unusually early last week, with most activity on Tuesday and some cleanup trade on Wednesday. Early trade on Tuesday went for $111-113 live in the south and $112-113 live, $178-180 dressed in the north. Later-day Tuesday and cleanup trades generally went for $1 lower than earlier numbers.

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Friday, July 6,2012

Seasonal beef demand softens

by WLJ
The live cattle cash trade was nonexistent with bids trailing asking prices by $6 and more. In the Southern Plains, packers hoping to regain some lost margins bid $114 but were ignored by feeders who held firm at $120 live asking prices. In the Northern Plains, asking prices were $190 dressed.

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Friday, July 6,2012

USDA Weekly Crop Progress: Corn condition plummets

by DTN
last week and an 8 percent five-year average. “Silking reached 25 percent, meaning the crop continues to suffer through hot, dry conditions during critical maturation,” Sanow said. “This, combined with the worsening condition ratings, point to a national yield well below USDA’s 166 bushels per acre (bpa),.

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Friday, June 8,2012

Gas, diesel prices drop nationwide

by Kerry Halladay, Associate Editor
According to the U.S. Energy Information Administration, the national average for both regular gas and on-highway diesel are down from week-to-week and year-to-year levels. This downtrend could be a litmus test for slowing domestic and global economic growth and reduced consumer confidence.

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Friday, June 8,2012

Futures fluctuate with outside markets

by WLJ
Cash fed cattle buyers were slow to action last week, with no bids offered until late Tuesday. Even then, they were sporadic and poorly defined. By Wednesday, bids and asking prices were again separated by $5-7 dollars with bids of $118 live in the Southern Plains in the face of $123 offers.

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Friday, June 8,2012

Agriculture considered the

by Kerry Halladay, Associate Editor
USDA released its midyear Outlook for U.S. Agricultural Trade report at the end of May. The report upped export expectations for the 2012 fiscal year (FY12) by $3.5 billion relative to the earlier February forecast. Even at $134.5 billion, this year’s projected exports are $2.

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