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Cattle and Beef Markets

2016 June 10
The cash fed cattle market was slow to develop last week as it had been the week before. At the end of last Thursday, barely 3,500 head had been confirmed sold. Though these levels were too low to establish a price trend for the week, prices ranging from $128-132 live and $204-206 dressed were steady to a few dollars above the prior week’s prices.

by DTN
2016 June 3
I get this question about once a month: Mom is moving to assisted living, her house is being sold, and the attorney said we should see our tax adviser. If Mom owned and occupied the home as her principal residence for at least two of the five years preceding the sale, the first $250,000 of gain on the sale is tax-free in her 1040.


by DTN
2016 June 3
trust then conducts the sale. In the case of machinery, the trust would be the temporary owner of the machinery and arrange the auction. The proceeds from the grain sale or the machinery auction come into the trust taxfree and are held by the trustee to pay the income amount at the specified dates (e.


2016 June 3
Memorial Day weekend is an important test of beef sales and beef demand. The success of the first big grilling holiday will be assessed over the coming days. There are indications that beef advertising features increased to support large volumes of beef purchased by retailers for the weekend.


by WLJ
2016 May 27
There are a few agricultural producers still active who remember the 1980s and the difficult times that persisted throughout much of the decade. For those unfamiliar with the stress many producers experienced during that time, a reflection back provides a comparison and may provide insight into what to expect for the next few years.


2016 May 27
Feedlot inventories on May 1 were 10.78 million head in feedlots over 1,000 head capacity. This is up 1.3 percent from May 2015. Placements in April were 107.5 percent of year-ago levels; the third straight monthly increase in feedlot placements. April marketings were 101.


2016 May 27
Four months ago, the top brass of the Chicago Mercantile Exchange (CME) Group addressed a full house at the annual Cattle Industry Convention and National Cattlemen’s Beef Association trade show. They tackled the topic of volatility in the cattle futures and announced changes to be applied to those markets to try to rein them in.


by WLJ
2016 May 20
“This is the culmination of many months of work by U.S. government officials, as well as the U.S. meat industry, and we are very excited to resume exporting lamb to Taiwan,” said Dr. Dennis Stiffler, Chief Executive Officer of Mountain States Rosen, a producer-owned and operated processor and distributor of lamb and veal products.


2016 May 20
The cash fed cattle market disappointed last week. While beef prices were moving up counter-intuitively with increased beef production, cash cattle prices declined. Compared to the prior week’s $131-135 live and $205-210 dressed, by Thursday afternoon last week over 37,000 head had been confirmed sold at $129-133 live and $202-206 dressed.


2016 May 13
Almost all of last week’s cash fed cattle trade occurred on Thursday, with over 74,000 head confirmed sold by end of day. Prices ranged from $129.50-132 live and $200-210 dressed, both far higher than the prior week’s prices of $126-130 live and $196-200 dressed.


2016 May 13
Beef production for the year to date in 2016 is up 3.0 percent year-over-year. This increase is faster than expected as earlier expectations were for more of the annual increase in beef production to occur in the second half of the year.


2016 May 6
There’s always a silver lining. When it comes to markets, the hopeful element comes from the fact that down markets have the ability to go up. Market analysts last week were cautiously optimistic that the cattle and beef markets either have or were in the process of setting a market low for the season.


by WLJ
2016 May 6
“Cattle slaughter [year-to-date] is up 1.3 percent or 125,000 head above the prior year, while beef production is up 3.0 percent,” Andrew Gottschalk of Hedgers Edge last week. “Beef production [during the week of April 25-30] was 6.3 percent above year-ago levels.


2016 April 29
With market reins in hand, packers held off buying cattle last week until a bit on Thursday and a bit on Friday. At least for Thursday, this strategy worked out for them as it allowed them to buy cattle cheaper after near limit-down declines in the live futures market.




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