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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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Friday, November 15,2013

(How can) we all just get along?

by Kerry Halladay, Associate Editor
In a recent Federal Register, USDA announced it is seeking input from farmers and other stakeholders regarding “agricultural coexistence.” It defines this watchword as the “concurrent cultivation of conventional, organic, identitypreserved, and genetically engineered (GE) crops consistent with underlying consumer preferences and farmer choices.

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Friday, November 15,2013

House bill weakens Dodd- Frank bailout restrictions

by Kerry Halladay, Associate Editor
In late October, the bill—HR 992 Swaps Regulatory Improvement Act— passed the House in a 292 to 122 vote. “Yes” votes came from 222 Republicans and 70 Democrats, while “no” votes were almost entirely from Democrats, with three Republicans joining. Sixteen representatives didn’t vote.

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Friday, November 8,2013

Beef demand poised for problems

by Kerry Halladay, Associate Editor
Cash fed cattle trade again returned to the “leave it ‘til Friday” approach last week. Analyst expectations were mixed on if the week’s trade would be steady/higher, steady/lower, or just plain steady.

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Friday, November 8,2013

Cattle on feed down, placements up

by Kerry Halladay, Associate Editor
After more than two weeks delayed, the September/October Cattle on Feed (COF) report was released to little fanfare. The results were called neutral though analysts predict it bodes well—or badly, depending on your perspective—for months to come. Tight supplies of cattle are coming.

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