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Friday, July 9,2010

Fed trade gains $1-2

by WLJ
Fed cattle trade advanced $1-2 in the southern Plains last Wednesday and $2 in dressed trade in the Corn Belt. Most live trade was at $91-92 and dressed trade at $146-$148. Fed cattle continue to trade at a $2 premium over the futures markets and should keep feeders aggressive in their

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Friday, July 9,2010

USDA determining rules for traceability

by WLJ
During February 2010, Agriculture Secretary Tom Vilsack announced that his agency would be redirecting its efforts surrounding animal identification in the nation to the development of a framework for animal disease traceability.

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Friday, July 2,2010

Strong feeder cattle markets on the West Coast

by WLJ
Ahead of the Fourth of July holiday, fed cattle sales started trading early last week at prices mostly steady to $1 higher than the previous week at $91 live in the South and $146 dressed in the northern tier. The trade was based, at least in small part, on a jump in the grain markets last week as USDA’s plantings report surprised the market

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Friday, June 25,2010

Fed cattle markets steady

by WLJ
Good numbers of cattle traded early last week at prices which were mostly steady to $1 higher, with live trade in the South reported at $91 and northern dressed trade at $146-147. The early steady to higher trade last week was the result of short-bought

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Friday, June 18,2010

Video auction sees strong demand and good prices

by WLJ
Fed cattle trade was slow to get started last week as traders positioned themselves ahead of the Cattle on Feed Report. Early week trade in the Corn Belt was light in a range of $145-148 dressed basis while a few early trades in Kansas were reported at $91 live. The full range of trade

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Friday, June 18,2010

April exports well above 2009 levels

by WLJ
While economic conditions remain difficult for U.S. beef in Mexico, exports are thriving in all other key global markets. For the year, Mexico remains the No. 1 market in terms of both volume at 77,027 metric tons, or 169.8 million pounds (lb.), and value, at $246.

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Friday, June 11,2010

Market slumps on lighter demand

by WLJ
A sagging boxed beef cutout, lower production levels and a slump in exports all combined last week to push live and dressed cattle prices lower. The early trade for the week was reported in the southern Plains at $92-93, down $2 from the previous week’s

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Friday, June 4,2010

Domestic holiday sales weaker than expected

by WLJ
Fed cattle prices rebounded last week to post $1 gains in most market areas. In the southern Plains, early live cattle trade developed at mostly $94 last week, with analysts predicting clean-up trade at $95 if the outside markets managed to hold their ground. In the north, dressed trade

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Friday, May 28,2010

Fed cattle prices drop

by WLJ
Fed cattle trade ahead of the Memorial Day holiday last week traded early in a range of $147-150 dressed basis in the Corn Belt, with most volume on the lower end of that spectrum. Kansas dressed trade was reported at $93-94 and Colorado feedlots traded cattle on Tuesday

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Friday, May 21,2010

Outside markets add to cattle price volatility

by WLJ
Outside markets took their toll on the beef business last week. A seasonal turn in cattle demand had feeders selling hedged cattle last week at sharply lower prices. Trade in the South was reported for the week at $96 live basis down $3-4 from the prior week’s action. In the northern tier, dressed

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