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Friday, May 16,2014

Cattle prices 'moderating' after hitting record highs in early 2014

by WLJ
In the first quarter of 2014, Nebraska steers sold at an average price of $147 per live hundredweight; more than $20 higher than the previous first-quarter record price. Nationally, finished cattle prices were up 17 percent during the first quarter. With production only down 4 percent, the hike has been somewhat unexplained.

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Monday, May 12,2014

Pre-holiday product value push unlikely

by Kerry Halladay, Associate Editor
“The latter situation will lead to a market, which should have short lived rallies as the trend into the summer is down. The most likely timing of a summer low is the late July/early August period. We would expect a minimum type price break of 8-10 percent from.

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Friday, May 9,2014

Strategies to help manage your extra 3.8 percent tax

by DTN
The nightmare of the 2013 tax return preparation season was the new 3.8 percent net investment income (NII) tax. The good news is this tax only applies to the extent income on page 1 of the Form 1040 exceeds $200,000 single or $250,000 joint.

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Friday, May 9,2014

Walmart sustainability pledges

by Kerry Halladay, Associate Editor
Walmart executives used the event to talk about how to “rewire the system” in ways that would have a significant impact on improving the environment. That entailed touting various collaborative efforts to improve efficiency and reduce waste throughout the supply chain for Walmart stores.

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Friday, May 9,2014

U.S. beef, pork exports increase pace in March

by WLJ
The pace of U.S. beef and pork exports increased sharply in March, driven by double-digit increases to leading markets Mexico, the China/Hong Kong region and South Korea, according to statistics released by the USDA and compiled by the U.S. Meat Export Federation (US- MEF).

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Monday, May 5,2014

Futures take off higher

by Kerry Halladay, Associate Editor
Cash trade was slow to develop again last week, but when a little trade happened on Thursday, the numbers were a surprise. With a little over 7,000 head sold by Thursday afternoon, prices were steady to up $5 compared to the prior week with steers selling live at $148-150.

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Friday, May 2,2014

Low placements boost futures

by Kerry Halladay, Associate Editor
The futures markets reacted favorably to what was a decidedly bullish surprise from the most recent Cattle on Feed report. Following the report’s release, feeder futures and live futures to a lesser extent surged on word that there will be fewer cattle than expected in the coming months.

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Monday, April 28,2014

Cutout values surge on cut production

by Kerry Halladay, Associate Editor
“Packers are trying to lay in the weeds and say they have enough inventory around them and that domestic beef business has yet to pick up seasonally,” reported Troy Vetterkind of Vetterkind Cattle Brokerage. “This may be true to a certain extent but they do have first of May beef orders to fill and export orders have been robust lately.

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Friday, April 25,2014

Beef production down 1.5% in 2013; year-to-date production down 5%

by Kerry Halladay, Associate Editor
It was all about the numbers last week as a pair of slaughter reports were released. Monday welcomed the annual Livestock Slaughter, documenting the next-to-nonexistent decline in heifer and beef cow slaughter between 2012 and 2013.

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Monday, April 21,2014

FDA revisits proposed ruling on brewer's grains

by Jason Campbell - WLJ Correspondent
The Food and Drug Administration (FDA), has agreed to return to the drawing board after a proposal to enact regulations governing the use of brewery and distillery byproducts as livestock feed drew considerable opposition from both industries.

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