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Friday, May 7,2010

GIPSA witch hunt

by Pete Crow - Publisher
Cattle feeders have been selling fed cattle between $98 and $102 for nearly four weeks in a row and the cash market is still leading the way. If you look at the deferred futures and consider current fed and non-fed cattle supplies, this market appears to have some sustainability. This may be a different

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Friday, April 30,2010

Is the rally over?

by Pete Crow - Publisher
Futures markets have been kind to the beef business over the past few months. Sometimes I don’t think we would have had this kind of price discovery without the futures markets, but then again, cash did lead the futures market around for a few weeks. Feeder cattle markets were also pushed into very high

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Friday, April 23,2010

COMMENTS

by Pete Crow - Publisher
Retail meat markets are starting to respond with higher prices at the meat case. The recent rally in the cattle markets looks like it will stick around for awhile. The boxed beef cutout appears to have found its comfort level in the mid- to upper-$160 range for the Choice product last week and has been trading steady there.

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Friday, April 16,2010

Caution flag is up

by Pete Crow - Publisher
I hate to say it, but what goes up usually comes down. The stock market has been on a roll in recent weeks and the Dow has passed that magical 11,000 mark, hopefully providing fuel for improved consumer attitudes and increased discretionary spending. On the other hand

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Friday, April 9,2010

Market moves on, but ...

by Pete Crow - Publisher
The cash fed cattle market advanced to over $1 this last week, and the futures went up to $99.45. This positive basis should keep cattle moving. This is about as good as it gets. Reports are that feeders are clearing $150-$200 a head on current cattle. While the recent market

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Friday, April 2,2010

Cattle markets roar

Comments

by Pete Crow - Publisher
The cattle markets had a nice rally last week after throwing a head fake the prior week. August feeders ran up to $114.07 and cash sales from Superior's last video sale are supporting these futures markets to some degree; the feeder cattle index is still about $108.

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Friday, March 19,2010

They’re back

by Pete Crow - Publisher
Two years ago, futures markets started to take off about this time of year. Grain, cattle and hog contracts took off like a rocket. Thoughts were that fed cattle would be in short supply and demand was pretty good. But, it just didn’t seem to make sense; the fundamentals

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Friday, March 12,2010

Pursuing the activists

by Pete Crow - Publisher
The past few weeks, there has been encouraging news about the assault on animal agriculture. The operators of Barnum and Baily Circus filed a racketeering suit claiming the Humane Society of the United States paid $190,000 to a witness to embellish his testimony

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Friday, March 5,2010

Reckless: Lead, follow, or get out of the way

by Pete Crow - Publisher
Lead, follow, or get out of the way is apparently how the Obama administration’s Environmental Protection Agency (EPA) feels about climate change. Several months ago, EPA announced that carbon dioxide was a public endangerment and, as a result, the agency was required to manage the issue

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Friday, February 19,2010

Bright spots

by Pete Crow - Publisher
Cattle markets have been robust over the past few weeks; fed cattle should get close to $89-90 this week which is good news for many cattle feeders. However, I am sure they don’t like paying over $1 for feeder cattle again. Some of the cattle they placed from October through December should be making

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