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Friday, September 7,2012

FY2013 to see record exports

by Traci Eatherton, WLJ Managing Editor
USDA has forecast agriculture exports to reach a record $143.5 billion in the 2013 fiscal year, with strong demand from Canada, Europe and Japan, according to The Outlook for US Agricultural Trade released Aug. 31 by the USDA’s Economic Research Service (ERS) and Foreign Agricultural Service.

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Friday, September 7,2012

Product values reverse, begin up again

by WLJ
No relevant trade developed last week up to midday Thursday. Bids of $120 live surfaced in Texas on Wednesday, but no trade developed as cattle feeders stuck to their offers of $125-126 live and $193-194 dressed. Trade was expected to crop up late in the week at steady to higher prices compared to the prior week’s $122-123 live and $188-190 dressed.

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Friday, August 31,2012

Fed cattle, cutouts falter

by WLJ
No real market trend was evident in the cash fed cattle trade by midday Thursday last week. Bids trailed asking prices by $2-3. Offers of $122- 123 live were seen in the South Plains and $188-190 dressed in the Corn Belt, with some even as high as $192.

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Friday, August 31,2012

Beef stores shrink in pounds, grow in share of total meat

by Kerry Halladay, Associate Editor
The most recent Cold Storage report shows stocks of total red meat and poultry in cold storage as of July 31 at 2.24 billion pounds (bp). Of that, beef represented roughly 20 percent at 455.74 million pounds (mp). When compared to the previous report, beef in cold storage dropped 3 percent but increased in its portion of overall red meat storage.

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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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