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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

What's on the consumer's mind?

by WLJ
A look around the local grocery store might show images of consumers reading meat labels or checking the expiration date on a gallon of milk. Each consumer has a set of values when making food purchases, and the level of importance placed on each value by consumers allow for food producers and distributors to better meet the needs of their end user.

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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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Friday, February 21,2014

Pinkeye in cattle

by WLJ
Pinkeye is a highly contagious infectious disease that affects cattle worldwide. The incidence and severity of this common disease can vary widely from year to year.

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Friday, February 21,2014

Farm bill offers option on base acres, yields

by WLJ
“The key word is reallocate, not update, as was an option with the 2002 farm bill,” says Dwight Aakre, North Dakota State University Extension Service Farm Management Specialist. “Reallocation means a landowner can change the mix of crop bases on the farm but cannot increase total base acres.

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Friday, February 21,2014

AMI: Feeding the U.S. Economy

by WLJ
• In 2010, more than 487,600 workers were employed in the meat and poultry packing and processing industries. Their combined salaries total more than $19 billion. • Through its production and distribution linkages, the meat and poultry industry impacts firms in all 509 sectors of the U.

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Friday, February 21,2014

Producer support of the Beef Checkoff highest in 21 years

by WLJ
The random survey conducted by the independent firm Aspen Media & Market Research in late December 2013 and early January 2014 found an overwhelming majority of beef and dairy producers continue to say their beef checkoff has value for them in many...

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Friday, February 21,2014

High crop production challenges Brazil

by WLJ
Rabobank expects another year of record production for several of Brazil’s major agricultural crops in 2014, including soybeans and, depending on weather developments, sugarcane. However, according to a recent research note, international prices for many of Brazil’s agricultural commodities fell in 2013 and could decline further in 2014.

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Friday, February 14,2014

DID YOU KNOW?

Prime is the new premium target

by WLJ
The run-up in the fat cattle market surprised virtually everyone in the industry with how quickly it occurred and the magnitude of the jump. In late December, we were trading at $1.30/lb. and by mid-January we were chasing $1.50, and trade at that level was confirmed in Nebraska.

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Friday, February 14,2014

Tax topic: deferred grain sales

by WLJ
“This is because deferred grain contracts qualify as installment sales, and with installment sales producers may ‘elect out’ of reporting income when received and instead report the income in the year the grain was sold,” said Kim Dillivan, South...

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