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Friday, May 31,2013

Corn nears "slowest year;" South Plains ranges poor

by Kerry Halladay, Associate Editor
Rains are once again a mixed blessing in corn country. On the one hand, it is needed in many areas, and on the other, it continues to delay the remaining percentage points of corn plantings for this year. The slow progress has led to comparisons to 1993 and questions about whether this year has been the slowest year in recent memory.

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Monday, May 27,2013

Choice records continue

by Kerry Halladay, Associate Editor
Cash trade on live cattle kept analysts guessing throughout the week. At first, expectations were for a midweek startup, then after the futures’ bust on Wednesday, analysts were calling for a lateweek trade. All the while, the cash market failed to show the repeatedly record-setting cutout values.

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Monday, May 27,2013

High placements make for bearish report

by Kerry Halladay, Associate Editor
The most recent Cattle on Feed (COF) report came out Friday, May 17. It reported that cattle on feed as of May 1 in feedlots with a 1,000-head or larger capacity was down, while cattle placed on feed and marketed during the month of April were both up.

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Friday, May 24,2013

Corn plantings surge

by Kerry Halladay, Associate Editor
The May 20 Crop Progress report showed overall corn plantings jumped 43 percent in the prior week. The previous report (released May 13) showed only 28 percent of the expected crop planted, but the most recent report quoted 71 percent. The five-year average for that week in May is 79 percent.

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Friday, May 24,2013

Science troubles across the pond

by Kerry Halladay, Associate Editor
What seemed at first like a promising free trade agreement with the European Union (EU) has started to feel a bit like a bait and switch. Talks of “comprehensive” free trade only go so far with the EU pushing to maintain its “precautionary principle” with ag imports.

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Monday, May 20,2013

Purchase of Superior completed

by Kerry Halladay, Associate Editor
Friday, May 10, National Livestock Credit (National) announced its acquisition of Superior. The purchase was made possible by a limited partnership between National and a number of cattlemen from a variety of states. By all accounts, little will change with Superior following the transition but the improved stability offered by the new owners.

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Monday, May 20,2013

Choice movin' on up

by Kerry Halladay, Associate Editor
By Thursday afternoon, about 15,000 head had been confirmed sold, adding to the 8,000 head sold throughout the week. With the exception of Texas—where live cattle sold at $125, a dollar lower than the prior week’s live price—nothing in trendsetting numbers.

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Friday, May 17,2013

WASDE predicts record corn crop in 2014

by Kerry Halladay, Associate Editor
Friday, May 10 saw the release of the most recent World Agricultural Supply and Demand Estimate (WASDE) report. Though the report contained very few surprises compared to prereport industry expectations, this was the first WASDE report of the year to include domestic projections for the 2013/2014 marketing year and 2013 world production estimates.

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Monday, May 13,2013

Economic hurdles for Australian beef

by Kerry Halladay, Associate Editor
The Australian beef industry is experiencing a perfect storm of economic disaster. Drought, oversupply from closed markets, and ag policy gone awry have left Aussie producers scrambling to find an alternative to simply shooting the hundreds of thousands of excess animals which cost more to feed and ship than they’re worth at market.

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Monday, May 13,2013

Record product values, contract lows

by Kerry Halladay, Associate Editor
The cash fed trade developed as a slow but steady trickle last week with reportable sales starting as early as Tuesday. Cattle sold for $126-127 live and $202-204 dressed, decreases of as much as $5-6 for both depending upon what part of cattle country one looked at.

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