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Friday, November 29,2013

Cattle on Feed report called neutral

by Kerry Halladay, Associate Editor
The November Cattle on Feed report came in dead on the pre-report industry expectations. Though many have called it neutral for this reason, Steve Meyer and Len Steiner of CME’s Daily Livestock Report called it slightly bearish..

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Friday, November 29,2013

Futures creep back after break

by Kerry Halladay, Associate Editor
Initial expectations for last week were for a steady cash trade with the prior week’s $130-132 live and $206-208 dressed trade.

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Friday, November 29,2013

Know before you go: three tips before going to the bank

by Kerry Halladay, Associate Editor
In this time where visions of low-cost feed combine with higher calf and cull cow prices, low interest rates on loans look very attractive. But despite the allure of low interest rates, agricultural lenders can be reticent to offer loan money to cow/calf operations.

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Friday, November 29,2013

Animal rights investigator cited for animal cruelty

by Kerry Halladay, Associate Editor
In mid-November, the animal rights group Compassion Over Killing (COK) presented the Weld County Sheriff’s Office with an undercover video documenting multiple abuses of calves.

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Monday, November 25,2013

Futures break on fund liquidation

by Kerry Halladay, Associate Editor
Cash fed cattle trade was in a “wait and see” mode last week ahead of the release of the Nov. 1 Cattle on Feed report and the drastic downward movement of the futures market. By Thursday afternoon, light trade amounting to over 11,000 head for the week had sold at $130-131 live in the South Plains and $132 live and $208 dressed in the Corn Belt.

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Monday, November 25,2013

Antibiotic resistance a complex issue

by Kerry Halladay, Associate Editor
Last week was Antibiotic Awareness Week in the U.S. and other countries. Of course, this meant a lot of attention was directed at the problem of antibiotic resistance. However, both an appeal from an international panel of experts, as well as the speakers of the recent antibiotic-focused convention stressed that the issue is a complicated one.

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Friday, November 22,2013

Consumers concerned about hormones, antibiotics, growth promotants and GMOs

by Kerry Halladay, Associate Editor
The findings of a new survey of consumer concerns were presented at the recent National Institute of Animal Agriculture’s “Bridging the Gap” symposium on antibiotic resistance. The survey’s findings suggest average American consumers care quite a bit about where their food comes from and how the animals who produced it were treated.

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Friday, November 22,2013

Where are farm land values going in the future?

by Kerry Halladay, Associate Editor
On the one hand, the most recent Land Values report from USDA’s National Agricultural Statistics Service showed overall farm real estate value—which includes the value of all land and buildings on farms—averaged $2,900 per acre for 2013, up 9.4 percent from the revised 2012 values.

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Monday, November 18,2013

Corn production up on increased yields

by Kerry Halladay, Associate Editor
The big news of the most recent World Agricultural Supply and Demand Estimates (WASDE) report involved the changes to the corn projections. Though the report’s estimated corn production rate for the 2013/2014 crop is up from the previous estimate, the number was still down from prereport trade averages.

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Monday, November 18,2013

Consumer attention turns to turkey

by Kerry Halladay, Associate Editor
“A post-Thanksgiving rally is expected for product and cash cattle values,” said Andrew Gottschalk of Hedgers Edge. That might not be a good thing in the long run, however, as cash prices and their influencing market elements—such as production rates, feeder prices and futures—threaten to push prices out of consumers’ willingness to pay.

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