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Friday, March 9,2012

Fed cattle down $4

by WLJ
Cash live cattle markets were in trouble after last Monday’s futures markets closed sharply lower, offering no support to cash trade for the balance of the week. Cattle feeders were eager sellers on Tuesday, concerned that markets could move even lower during the week and that $127 would be about it for the week’s trade.

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Friday, February 24,2012

Packer purchases bolster cash market

by WLJ
Fed cattle prices jumped to their highest levels in history a week ago, as short-bought packers purchased for the short slaughter week. Sales in the south ranged between $128 to $129.50, mostly $5 higher than the previous week. Dressed deals in the north were mostly $203, or $6 higher.

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Friday, January 27,2012

Cattle on feed up 3 percent from 2011

by Kerry Halladay, Associate Editor
Last week’s USDA-issued cattle on feed report was in keeping with earlier predictions. Cattle on feed were up; placements were down due to reduced supplies of feeder cattle. Fed cattle marketings were down slightly with one less trading day which put the marketing rate in line with projections.

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Friday, January 27,2012

Cattle futures decline

by WLJ
The previous week, live sales ended mostly at $126 in the Southern Plains and in Nebraska and the western Corn Belt, live sales traded mostly from $125-126 with dressed sales mostly at $202. In Colorado for the previous week, live sales traded from $125.

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Friday, January 6,2012

Market movement slow post holidays

by WLJ
The new year has started off slow in the fed cattle arena, seeing very little movement last week, with inactive to light demand in the southern and northern Plains, as well as the western Corn Belt. The previous week’s market saw sales at $122 in the Texas Panhandle, and in Kansas and Colorado, live sales traded at $121.

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Friday, November 11,2011

Fed trade comes in steady

by WLJ
Fed cattle trade remained quiet last week. Iowa saw a few Holstiens trading for $1.80 on Tuesday. Nebraska and Iowa trade on Wednesday saw a few hundred head sold for $123.5-124 live and $1.95 dressed.

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Saturday, October 29,2011

Packer margins remain sharply negative

by Traci Eatherton, WLJ Managing Editor
Despite the lower cutout values last week, fed cattle prices were higher. The fed cattle market strengthened at $1 to $2/cwt. higher last week with sales at $120-121 in the south Plains and $120-122 in the Corn Belt. Dressed sales were reported at $189 to $192/cwt.

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Saturday, October 29,2011

Cattle on feed up 5 percent

by WLJ
Cattle and calves on feed for slaughter market in the U.S. for feedlots with capacity of 1,000 totaled 11.3 million head on Oct. 1, 2011. The inventory was 5 percent above Oct. 1, 2010, and the second highest October inventory report since the series began in 1996.

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Monday, October 24,2011

Export sales drop

by Traci Eatherton, WLJ Managing Editor
Futures markets were steady to mixed as futures traders waited for the cash markets to develop most of the week. With packer margins continuing to be in the red, tight cattle supplies were looking for firm cash prices.

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Friday, October 14,2011

Packer losses grow

by WLJ
Analysts have suggested for weeks the fed cattle market could rally this fall as supplies of market-ready cattle would tighten. Aggressive packer bidding the past two weeks, despite flat wholesale beef prices, is seen as evidence packers are hunting a little harder for the cattle they need, according to analysts.

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