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Friday, August 22,2014

Corn prices impact wheat, stocker cattle decisions

by WLJ
With all the rain in July, things are looking a little more optimistic for wheat and stocker cattle operators than in the past four years in the Rolling Plains of Texas and southern Oklahoma, according to a Texas A&M AgriLife Extension Service specialist.

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Friday, August 22,2014

IRS scrutinizes hedgers

by DTN
The tax law defines a hedge as a transaction in the normal course of business to minimize the risk of price change with respect to inventory or supplies. This requires a producer to have a hedging position that’s opposite the physical position on the farm and within normal production ranges.

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Friday, August 22,2014

Feeder cattle prices and the economics of stocker production

by WLJ
The rollback in price between stocker purchase price and feeder sales price, along with overall price level, is the principal determinant of the gross margin, i.e., value of gain, for stocker production. For example, Oklahoma feeder prices last week indicated that the value of 250 pounds of gain for a 450-pound steer was $1.

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Friday, August 22,2014

BBQ beef starts to sizzle in Japan

by DTN
Japan banned beef from the U.S. and Canada in 2003 because of BSE. The beef came back in 2006, albeit limited to meat taken from cattle aged up to 20 months as an anti-BSE measure. Certain “specified risk materials” (SRMs) with high risk of carrying BSE were also forbidden.

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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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