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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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Wednesday, November 24,2010

Cash trade sharply higher

by WLJ
Cash fed cattle markets were sharply higher last Tuesday afternoon with prices moving $3-3.50 higher than the previous week in the south at $101.50 to mostly $102 live basis. In the northern Plains, fed cattle traded early ahead of the holiday at $101-101.50 live and 162 dressed. Early trade

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Friday, November 19,2010

Fed trade steady

by WLJ
Fed cattle trade last week was slow at midweek with cattle trading in the southern Plains at $98-98.50 live and at $155-158 dressed in the northern Plains and Corn Belt, prices steady to $1 higher than the previous week’s trade. Strength in the boxed beef markets created by solid demand added support

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Friday, November 12,2010

Grass prospects provide a boost to feeder cattle prices

by WLJ
Fed cattle trade was slow to get started last week with most cattle feeders holding out for higher money after a surge in the futures market and mostly steady boxed beef trade. By midday last Thursday, only a limited number of fed cattle had traded hands, mostly in Kansas at $97.50 live and

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