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Friday, February 25,2011

Cattle prices steady despite volatility

by WLJ
Fed cattle trade last Thursday was being reported at the $110 to $111 level in the southern Plains. Meanwhile, light dressed trade in the north and Corn Belt regions came at $174 at midweek although dressed volume was still too light to call a trend at midday last Thursday. Prices were

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Friday, February 18,2011

Fed cattle trade expected to move $1 higher

by WLJ
Most of last week’s cash fed cattle business looked to be delayed until Friday, perhaps until after the release of the USDA Cattle on Feed report. Packers were offering $105 live basis in the south and $168 dressed in the north, but it didn’t appear those levels would be enough to spur any action in the market. Feedlots were

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Friday, February 11,2011

Feeder cattle sales mixed

by WLJ
A second week of winter weather delayed trade until late last week as feedlot operators spent much of the week cleaning up and passing early bids from packers. As of midday last Thursday, only light trade to a regional packer in Nebraska had been reported at $169 dressed. Bids of $104 in the South were being passed and

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Thursday, February 3,2011

Weather cuts demand

Fed cattle prices higher despite disruptions at the retail level.

by WLJ
Winter weather hampered the markets last week and delayed most fed cattle trade into the late-Thursday or Friday period. The cash market was expected to get a small boost from the storm that plagued much of the U.S. last week but it also cut into retail sales, tempering enthusiasm among

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Friday, January 28,2011

Fed Cattle trade softens ahead of inventory report

by WLJ
Fed cattle trade last week wrapped up early with the south trading cattle at $104-105 live basis and in the northern Plains and Corn Belt, live trade came at $103-104 while dressed cattle traded between $166 and $168. There was some softening in the beef markets and futures contracts traded lower for

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Friday, January 21,2011

Cattle trade cools

by WLJ
Midweek fed cattle trade last week came in lower than the prior weeks action as price fatigue appears to have set in. Boxed beef cutout values have started to show signs of topping out and nearterm export needs appear to have been fulfilled, leading to last weeks price break.

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Friday, January 14,2011

Australian flooding provides big boost to U.S. cattle prices

by WLJ
The fed cattle markets last week looked likely to benefit directly from the global nature of beef trade. Heavy rains have caused severe flooding in portions of Australia. The flooding shut down the port of Brisbane, Australia, which is responsible for shipping much of the beef from the states of Queensland and New South Wales to

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Friday, January 7,2011

Market steady after big run in prices

by WLJ
Fed cattle traded early last week at prices mostly steady to $1 lower than the previous week’s sharply higher prices. Southern Plains cattle sold in a range of $105-106.50 live basis while cattle in the north brought $104 live and $167-169 dressed, with good numbers trading hands in the northern Plains and Corn Belt

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Friday, December 31,2010

Market sees a large year-end rally

by WLJ
Cattle feeders enjoyed an extended Christmas, trading fed cattle actively Wednesday afternoon at $4.00-$6.00 over the prior week’s market. Kansas feeders traded at $106-$106.50, and $107.00 in Texas, northern Plains dressed trade was at $168-$170. Most trade was completed Wednesday with light

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Thursday, December 23,2010

Fed cattle prices jump $3-4 higher

by WLJ
Fed cattle prices surged higher unexpectedly last week as short-bought packers were forced to pay up for their cattle needs. Prices were $3-4 higher in most areas of the country, with southern Plains trade in the $102-104 range while dressed trade in the North was confirmed from $161 to $164. The activity last Wednesday

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