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Friday, February 21,2014

Return to 2009-2010 corn prices, more flexibility predicted

by DTN
“We had assumed that under the continuation of the old law that more land would be planted to corn because of the ACRE program,” Glauber said. “Now with the new programs based on base acres, we think there will be more flexibility. They will look at the soybean-to-corn price ratio and will plant a little less corn than normal.

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Friday, February 21,2014

Certified Angus Beef momentum pays record premiums

by WLJ
There were plenty of hints. In 2011, a 45 percent increase in grid premiums to $32.3 million did not in itself constitute a trend. But USDA’s mandatory reporting, never known for overstating, showed 2012 starting with a CAB premium of $8 per hundredweight (/cwt.

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Friday, February 21,2014

No crash landing

by DTN
AgriBank, the Farm Credit System district bank that sources funds for Farm Credit Associations covering half of the nation’s cropland, still sees wide disparities in farmland appreciation, depending on the 15 states within its territory.

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Friday, February 21,2014

Purdue economists: farmland value shift signals need for cautious purchasing

by WLJ
According to the Purdue Farmland Value Survey, Indiana farmland values have nearly tripled in the last 10 years—from an average of $2,509 per acre in 2003 to $7,446 in 2013. But abundant corn and soybean crops in 2013 have caused commodity prices to fall, making farm profit margins much tighter.

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Monday, February 17,2014

Packers cutting production rate to stem margin losses

by Kerry Halladay, Associate Editor
While the cash trade last week seemed indecisive—at first sending signals that the market would be steady to lower, then later suggesting it would be steady to higher—the big questions focused on what packers would be doing.

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Friday, February 14,2014

Beef Producers need a comprehensive TPP deal

by Traci Eatherton, WLJ Managing Editor
While producers seem to be supporting a push for the Trans-Pacific Partnership (TPP) to be finalized, media outlets across the U.S. seem to be skipping the topic. It is far from an apparent “hot topic” in most areas, and skeptics are questioning the chances of it going anywhere with the discourse in the White House.

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Friday, February 14,2014

Beef production up, others falter

by Kerry Halladay, Associate Editor
The most recent World Agricultural Supply and Demand Estimates (WASDE) report held few surprises. The biggest movers, however, were the increased export estimates for corn and the increased production of beef being offset by decreases in pork.

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Monday, February 10,2014

Cash prices decline

by Kerry Halladay, Associate Editor
Cash priced continue to settle lower, making the second week this year where the cash fed cattle market did not set a new high record. Compared to the prior week which saw live prices at $144-146 and dressed prices at $230-232, the meager number of sales which had been recorded by last Thursday had declined to $139-141 live and $225 dressed.

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Monday, February 10,2014

Smallest cattle herd since 1951; smallest cow herd since 1941

by Kerry Halladay, Associate Editor
The now-annual Cattle Inventory report was released on the last day of January. The verdict is a slightly bullish, hopeful one. Beef replacement heifers were up, and even if they weren’t up as high as had been hoped, there are several details that inspire optimism for the future.

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Friday, February 7,2014

Corn markets: While we were watching

by DTN
Do you remember when you were in grade school and the science project was to watch and record the process of metamorphosis from caterpillar to butterfly? One day, the funny looking bug was hanging from a twig, the next it was encased in a cocoon, and then suddenly a butterfly was fluttering around the plastic box.

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