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Monday, February 9,2015

U.S. beef cow herd climbs 2 percent

by Kerry Halladay, Editor
It suggests the total U.S. cattle herd as of Jan. 1, 2015 increased 1 percent compared to Jan 1, 2014 with a total of 89.8 million cattle and calves. The estimate of beef cows and replacement heifers is up significantly from last year, giving hope on the herd expansion front.

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Monday, February 2,2015

Cash cattle, beef continue downwards

by Kerry Halladay, Editor
By Thursday afternoon, only 8,600 head had been confirmed sold on the negotiated cash market. Though nowhere close to the week’s full buy, prices of $159 live and $250 dressed (down $1 and $4-7, respectively, from the prior week) likely set the tone for the week.

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Monday, February 2,2015

Pacific port problems harming ag exports

by Mark Mendiola - WLJ Correspondent
A labor dispute that has snarled imports and exports at 29 West Coast sea ports since a six-year contract expired in July has financially harmed shipments of virtually all agriculture commodities to the Pacific Rim, Washington Cattlemen’s...

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Friday, January 30,2015

Choice retail values at record highs in 2014

by WLJ
U.S. retail Choice beef values climbed through 2014, reaching a record high of $6.30 per pound in November (most recent complete data). Retail value is defined as the average value at the grocery store of a basket of beef cuts, measured in cents per pound of retail weight.

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Friday, January 30,2015

Bullish Cattle on Feed report: herd rebuilding is happening

by Kerry Halladay, Editor
Cattle on feed in feedlots with a 1,000 head or greater capacity as of Jan. 1, 2015, stood at 10.69 million head, up 1 percent compared to the same time the prior year. State-specific on-feed populations for the top cattlefeeding states were mostly above that level.

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Friday, January 30,2015

U.S. pressures Canada on TPP

by DTN
The U.S. is continuing to put pressure on Canada to put forward a more robust proposal in the Trans-Pacific Partnership (TPP) trade negotiations, Darci Vetter, the chief U.S. agricultural trade negotiator, said last Tuesday at the International Dairy Foods Association’s annual Dairy Forum.

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Friday, January 30,2015

Meat industry groups back TPA

by Chris Clayton - DTN
The National Cattlemen’s Beef Association (NCBA), National Chicken Council (NCC), National Pork Producers Council (NPPC) and National Turkey Federation all issued statements Monday in a concerted effort to draw attention to TPA and their interest in getting a 12-nation Trans-Pacific Partnership deal completed.

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Friday, January 30,2015

Water, competition drives ranch real estate in Far West

by Kerry Halladay, Editor
There is a distinct dichotomy in the Far West real estate world. Rural and ranching real estate in the northern end of the Golden State turns on the availability of water and the price of land in the face of competition. But one state’s misfortune is another’s opportunity.

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Monday, January 26,2015

Where does beef fit in the 2015 global market

by Kerry Halladay, Editor
In the domestic market, overall trends in beef demand have been surprisingly strong. Americans are forking over record amounts of cash for their favorite protein compared to year-over-year retail prices. According to the most recent National Beef Retail report, the overall price increase for four highly popular retail beef cuts amounts to a 17.

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Monday, January 26,2015

Cash prices fall as futures falter

by Kerry Halladay, Editor
Cash fed trade got underway surprisingly early last week with over 5,000 head being confirmed sold on Tuesday. By Thursday afternoon, over 43,000 head had been confirmed sold via negotiated trade at prices of $157-160 live, and $256-257 dressed. This continues the downward momentum from the prior week, being down $3-6 live and $3-9 lower for dressed.

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