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Friday, January 30,2009

Industry awaits stronger beef demand

by WLJ
Seasonally strong beef demand is right around the corner, or at least that?s what the cattle industry?from bottom to top?is hoping for. Analysts expect January?s higher slaughter rates to slow down somewhat in February as packers and retailers try to deal with their current oversupply of middle meats and a decreased availability of fed cattle.

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Friday, January 23,2009

Fed trade lower despite positive packer margins

by WLJ
Northern feedlots sold inventory early in the week last week at lower money in an effort to capture some attractive basis levels. Early trade Tuesday and Wednesday came in Colorado at $81-82.50 live basis, 50 cents to $1 lower than the previous week.

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Friday, January 9,2009

Contract market drop pulls cash prices lower

by WLJ
Sales of fed cattle got off to an early start last week after a midweek slide in futures markets offered incentives for feedlots to sell cattle before additional declines hit the market. Cattle were trading in light numbers in Texas at $85 live basis and at $134 dressed in the Corn Belt on Thursday.

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Friday, January 2,2009

Fed cattle trade steady, cow prices improving

by WLJ
Most fed cattle trade appeared to be set for a Friday event last week as the New Year holiday interrupted the weeks business. There were a few cattle sold in Nebraska at $135 dressed, although the numbers were not enough to call the weeks trend.

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Friday, January 2,2009

CAB sales set record

by WLJ
For the first time in 30 years, Certified Angus Beef (CAB) brand annual sales reached 634 million pounds. In fiscal 2008, 15,000 CAB licensees in 46 countries achieved an 8.8 percent increase, or 51 million pounds more than 2007 sales. Despite a challenging economy, the brand saw six of its historical top 10 sales months in the past year.

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Tuesday, December 30,2008

Cash trade picks up despite short market week

by WLJ
Cash fed cattle trade started last week off light, but as the holiday break approached and packers began offering $135 on a dressed basis, trading picked up rapidly. Selling interest for the dressed deals significantly outstripped that of the live cattle, as the few deals done in the south early last week hovered in the $84-85 range.

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Friday, December 19,2008

Fed cattle trade gains traction

by WLJ
Ahead of the holiday-shortened week, fed cattle trade was underway early last Thursday with prices gaining $1-2 over the prior weeks levels.

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Tuesday, December 16,2008

Fed cattle continue steady trend

by WLJ
Cash cattle trade at midweek showed good numbers of cattle trading hands in the southern Plains at prices mostly steady to slightly lower than the previous week. Trade came at $98-99 in Kansas, Colorado and Texas, however, most trade in the north and Corn Belt region was at a standstill as of mid-day last Thursday.

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Friday, December 12,2008

Cash prices expected steady to slightly lower for the week

by WLJ
Live cattle trade was slow to start last week as packers ratchet down harvest levels in an effort to regain positive margins going into year end. For the week, market analysts were predicting steady to slightly lower trade in the $85-87 range for live cattle and $134-136 for dressed cattle.

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Friday, December 12,2008

Feeder cattle market follows larger live cattle trends

by WLJ
Markets (from page 1) (LMIC) analysts. However, they noted that despite the increase in production, per capita consumption was flat this year.

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