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Monday, December 8,2014

Continued futures losses let cash fed cattle markets slip

by Kerry Halladay, Editor
By close of trade on Thursday, over 17,500 head had been confirmed sold for the week. Though light, the trade was very trend-setting for the week and confirmed analysts’ earlier worries. Live prices ranged from $163-166—well below the prior week’s $170-173—and dressed prices were $263-265, down from $264-268.

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Monday, December 8,2014

Black gold: Cheap oil benefits beef demand

by Kerry Halladay, Editor
At its 166th conference, the Organization of Petroleum Exporting Countries (OPEC) decided to maintain its production level of 30 million barrels of oil a day. The announcement sent the already declining crude oil prices into a momentary tailspin. Cattle producers and beef consumers may benefit, however.

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Friday, December 5,2014

HSUS-backed legislation gets vetoed in NJ

by Kerry Halladay, Editor
Friday, Nov. 28, Christie vetoed New Jersey Senate Bill 998, a widely supported bill that would have banned the use of gestation crates for pregnant sows in the state. While mainstream media and the Humane Society of the U.S.

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Monday, December 1,2014

Futures fall while packer losses, cutout values climb

by Kerry Halladay, Editor
Packers’ strategies paid off a little last week as the futures markets plummeted in time for an early-week buy ahead of the Thanksgiving-shortened trade week for lower money. By Wednesday afternoon, over 14,000 head had been confirmed sold at $168-173 (average $171.

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Monday, December 1,2014

The importance of having imports

by Kerry Halladay, Editor
One of the bi-products of the industry’s ongoing argument over Country of Origin Labeling (COOL) is added scrutiny of the U.S.’ beef imports. The lines are fairly clearly drawn in the pro and con camps, but as it has been said, “the truth is rarely pure and never simple.

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Friday, November 28,2014

Beef stocks dwindle

by Kerry Halladay, Editor
Across all warehouses as of Oct. 31, beef in cold storage amounted to 374.87 million pounds (mp), down 15 percent from the same time last year. Beef additionally represented less of red meat and total meat in cold storage at 39.8 percent and 18.8 percent respectively, down from 42.

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Friday, November 28,2014

Placements, marketings sour futures: COF 'bearish' marketings 'depressing'

by Kerry Halladay, Editor
The state of the beef supply chain took a bearish turn recently as higher-than-expected placements combined with continued lower-thanexpected marketings. But there is speculation that the trend of depressed marketings—and thereby feedlot backlogs—won’t continue too much longer.

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Monday, November 24,2014

High cattle prices 'for some time'

by Kerry Halladay, Editor
One of the presenters, Gary Brester, Professor of Agricultural Economics and Economics at Montana State University, had a “weird story” to tell the audience.

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Monday, November 24,2014

Cutouts gain on reduced production

by Kerry Halladay, Editor
Last week the cattle and beef markets were holding their breaths before the Thanksgiving week. Cash cattle trade didn’t relevantly develop until Friday and futures were sideways. But prices for feeder cattle keep going up and the cutout continues its slow march upwards.

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Friday, November 21,2014

Carbon credits keep grasslands grassy

by Kerry Halladay, Editor
Last week, Agriculture Secretary Tom Vilsack announced that the USDA had partnered with Chevrolet, a division of General Motors, and a number of other groups to create a market for carbon credits in defense of grasslands.

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