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Monday, August 18,2014

Rising corn tide floats proteins' boats

by Kerry Halladay, Associate Editor
As with July, the August World Agricultural Supply and Demand Estimates (WASDE) report showed most things up from previous estimates. Production estimates for beef, the other major competing proteins, corn, and soybeans were all up for 2014, and up for most in 2015.

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Monday, August 18,2014

Down, down they go

by Kerry Halladay, Associate Editor
The cash fed trade developed earlier last week than usual, though the prices left a lot to be desired from the cattle feeders’ perspective. Tuesday saw a surprising number of cattle trade in the Corn Belt at $154-155 live and $245-248 dressed. This was lower than the prior week’s cash trade, which was itself lower than the week before that.

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Friday, August 15,2014

U.S. beef, pork exports on record pace through June

by WLJ
Beef exports were up 5 percent in volume; 106,609 metric tons (mt) which equals 2,204.622 pounds) in June and set a new monthly value record of $631.7 million ( 12 percent). First-half export value also set a new record of $3.27 billion ( 16 percent).

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Monday, August 11,2014

Emotional reaction to Russia tanks markets

by Kerry Halladay, Associate Editor
Cash fed cattle trade took its own time in happening last week. By close of the markets on Thursday, 18,288 head had been confirmed sold over the course of the week—not exactly sluggish, but not overly speedy either. The bulk of that volume traded Thursday at $159-162 live and $253-255 dressed, steady to down $4 in both areas.

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Friday, August 8,2014

'Perfect Storm' points to rosy picture for cattle industry, according to CattleFax

by WLJ
Good said the industry is accelerating the rate of expansion, and “it’s a great opportunity to take advantage of the trend.” However, while the fundamentals are “friendly,” he said, “the market will have a correction.” And that correction could be soon.

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Monday, August 4,2014

Ground beef holds up cutout values

by Kerry Halladay, Associate Editor
Cash fed trade was slow to develop last week as packers, reportedly flush with cattle sufficient for their reduced production rates, were content to let the cash market cool off. Analysts expected trade to be steady with the prior week’s $160-165 live and $255-262 dressed.

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Monday, August 4,2014

Cattle Inventory; herd continues to shrink

by Kerry Halladay, Associate Editor
Two key cattle reports were released at the end of July: the biannual Cattle Inventory report and the monthly Cattle on Feed report. The reports were called bullish with both the Inventory report showing continued tightening of the cattle herd and the Cattle on Feed report showing decreased populations, placements, and marketing activity.

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Monday, July 28,2014

Everything's coming up in cattle markets

by Kerry Halladay, Associate Editor
Cash fed prices were exciting last week. Rumors of a few cattle trading early in the week at $162 live stoked the fires and rapidly climbing futures values did nothing but fan the flames further.

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Friday, July 25,2014

South Korea buying U.S. feed

by DTN
Corn importers don’t have to look far for supplies, either. With China’s hesitance to take U.S. corn, due to that country’s failure to approve corn with the MIR162, South Korea is enjoying the availability of Asia-bound freighters and lower prices. Imports of dried distillers grains with solubles (DDGS) also are doubling.

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Friday, July 25,2014

Beef continues to set record prices

by WLJ
The number of cattle slaughtered is 5.7 percent lower than last year. Plain says the drop in cow and heifer slaughter has tightened up the beef supply, driving up prices. With high feeder cattle prices and good pastures, producers are now looking to increase the breeding herd, which eventually will bring prices down.

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