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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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Friday, December 17,2010

Market fundamentals remain strong

by WLJ
Weak basis levels and disinterested packers pushed fed cattle trade back to a late-week event last week. Packers were looking at reduced production levels through the end of the year, which limited their interest in procuring cattle. The light, early volume in the North came at prices $1-2 lower with

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Friday, December 10,2010

Market slips lower

by WLJ
Fed cattle trade last week appeared to be reverting back to the late week pattern of earlier this year. The demand for cattle by packers has fallen off somewhat now that most of the purchasing for end of year featuring is complete. Last week, there was talk that packers could begin cutting production in

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Friday, December 3,2010

Live cattle prices reach $104 in some markets

by WLJ
Live cattle prices surged to near-record levels last week as good demand at home and abroad encouraged packers to pay up early for cattle. On Tuesday last week, live sales in the South jumped $2-2.50 to reach $104 while dressed cattle traded at $161. In the northern

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Friday, December 3,2010

PLC leads opposition to possible omnibus public lands bill

by WLJ
The Public Lands Council (PLC), American Sheep Industry Association, National Cattlemens Beef Association, and 15 other livestock groups have submitted letters to congressional leadership, and to Secretary of Interior Ken Salazar, stating their...

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