Western Livestock Journal - Markets http://www.wlj.net/articles.sec-14-1-markets.html <![CDATA[A look at Australia, Aussie beef imports]]> Australia is one of the world’s major beef producers and exporters, exporting roughly three-quarters of its total production. It was also the number one source of beef (not cattle) imported into the U.S. in 2014. The vast majority of the beef imported from Australia into the U. ]]> <![CDATA[Futures try to regain early-week losses]]> <![CDATA[Take a peek at the other team's playbook]]> The football season has long since ended and baseball hasn’t yet started. So in the meantime, perhaps your strategy needs can be sated with a peak at a different sort of playbook. Brazil is the U.S.’ biggest beef competitor so it’s important to keep tabs on what it’s doing. ]]> <![CDATA[Port problems disrupt exports, beef supply]]> <![CDATA[Farm sector profitability is expected to weaken]]> U.S. net farm income—a measure of the sector’s profitability—is forecast to be $73.6 billion in 2015, down nearly 32 percent from 2014’s forecast of $108 billion. The 2015 forecast would be the lowest since 2009 and a drop of nearly 43 percent from the record high of $129 billion in 2013. ]]> <![CDATA[Ag's share of total exports has grown]]> Since then, the combination of strong global demand, particularly in developing countries, and higher prices for farm commodities, has boosted agriculture’s share of all U.S. exports from a low of 6.6 percent in 2000 to an average of 9.1 percent during 2011-2013. ]]> <![CDATA[Cattle producer returns bolstered]]> The price of 750-800-lb. feeder steers at the Oklahoma National Stockyards exceeded $220 per hundredweight at the end of 2014, up $65 since January and over $100 since May 2013. At the same time, the price of corn (a major component of cattle feed) fell from above $7. ]]> <![CDATA[Future farm income seen stabilizing over long term]]> <![CDATA[More meat in 2015]]> <![CDATA[Near-term futures advance slightly]]> <![CDATA[2014 food inflation was close to 20-year average despite beef]]> The Great Recession helped push down at-home food price inflation to just 0.5 percent in 2009 and 0.3 percent in 2010. Inflation was again higher than the 20-year average in 2011, reaching 4.8 percent. However, in 2014 retail food prices rose 2.4 percent, near the 20-year annual average of 2. ]]> <![CDATA[Value records for beef exports in 2014]]> <![CDATA[Old rules of thumb can be wrong]]> <![CDATA[Cash struggles to hold on as futures decline]]> <![CDATA[U.S. beef cow herd climbs 2 percent]]> It suggests the total U.S. cattle herd as of Jan. 1, 2015 increased 1 percent compared to Jan 1, 2014 with a total of 89.8 million cattle and calves. The estimate of beef cows and replacement heifers is up significantly from last year, giving hope on the herd expansion front. ]]> <![CDATA[Cash cattle, beef continue downwards]]> <![CDATA[Pacific port problems harming ag exports]]> <![CDATA[Choice retail values at record highs in 2014]]> U.S. retail Choice beef values climbed through 2014, reaching a record high of $6.30 per pound in November (most recent complete data). Retail value is defined as the average value at the grocery store of a basket of beef cuts, measured in cents per pound of retail weight. ]]> <![CDATA[Bullish Cattle on Feed report: herd rebuilding is happening]]> Cattle on feed in feedlots with a 1,000 head or greater capacity as of Jan. 1, 2015, stood at 10.69 million head, up 1 percent compared to the same time the prior year. State-specific on-feed populations for the top cattlefeeding states were mostly above that level. ]]> <![CDATA[U.S. pressures Canada on TPP]]>