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Monday, September 15,2014

Futures decline in late trade

by Kerry Halladay, Associate Editor
The cash fed trade last week was slow, but this was not surprising. Analysts expected packers to hold off buying cattle until the release of the World Agricultural Supply and Demand Estimates (WAS- DE) on Thursday, and that seemed to work out for them, though not because of WASDE.

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Friday, September 12,2014

July meat export volume lower; value still on record pace

by WLJ
U.S. red meat exports slowed in July, the first time this year that year-over-year export volumes were lower for both beef and pork. But 2014 exports remain on a strong pace, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

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Monday, September 8,2014

Trend reverses, markets go up

by Kerry Halladay, Associate Editor
Very light trade developed Wednesday at $158-160 live in Minnesota and $250 dressed in Nebraska and Iowa, but at levels too low to set the week’s trend. Still, the early trade at $3-5 higher live and $5-8 higher dressed caught the market’s attention. Live futures closed strong on Wednesday and followed suit on Thursday.

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Friday, September 5,2014

Restaurant Performance Index declines slightly for the second consecutive month

by WLJ
The National Restaurant Association’s Restaurant Performance Index (RPI) for July was released at the end of August. The index registered a modest decline in July as a result of a dampened outlook among restaurant operators.

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Monday, September 1,2014

Live futures rebound, may stabalize briefly

by Kerry Halladay, Associate Editor
“However, I believe we get past Labor Day and further into the month of September and the market will be dealing with increased supplies of competing proteins and heavier carcass weights. This likely resumes the recent downtrend in cash cattle prices from the historic highs posted earlier [in August].

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Friday, August 29,2014

Options weighed on replacement heifers amid historic high prices

by WLJ
“One operation we tracked had heifers weaned in 2010 and 2011, what those heifers were and what their accumulated expenses were over the two years to the point where they were heavy bred. Their expenses totaled $1,100-1,400 a head. That ranch was pretty efficient and did a good job of reducing their expenses.

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Friday, August 29,2014

Record placement lows in Cattle on Feed report disappoint

by Kerry Halladay, Associate Editor
The Aug. 1/July Cattle on Feed report was released Friday, Aug. 22. While everything was predicted down— and everything was down— things weren’t as down as analysts expected. The report has been called mixed neutral to bearish, particularly for record low placements that still disappointed expectations, and for the lagging marketing rate.

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Friday, August 29,2014

The value of the export market

by Kerry Halladay, Associate Editor
Total U.S. Beef Exports 2004-2013) divided by number of federally inspected steers and heifers slaughtered for 2013 (Source: USDA’s Livestock Slaughter 2013 Summary). 3.

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Friday, August 29,2014

Cow/calf returns record high; start planning now

by WLJ
Since the early 1970s, the Livestock Marketing Information Center (LMIC) has estimated cow/calf returns over cash costs plus pasture rent based on typical production and marketing practices in the Southern Plains, but does not include other economic costs like family labor and management.

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Monday, August 25,2014

Prices continue to fall

by Kerry Halladay, Associate Editor
As with the prior week, cash fed trade developed earlier than usual last week. A trickle of trade began Tuesday with Wednesday seeing the majority of trend-setting prices. Trade on Thursday was in clean-up mode as almost 70,000 head were confirmed sold week-to-date.

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