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2014 April 7
The cash fed cattle trade decided to play an opposite day prank for the week of April Fools. Compared to the prior week, where the bulk of a very large weekly cash fed trade took place early in the week for surprisingly higher money, last week was sluggish, inactive, and what few trades did occur prior to publishing were depressed.
by WLJ
2014 April 4
Live-weight steers reached $130 per hundredweight for the first time last October. January brought $140 per hundredweight and in February prices cleared $150 for the first time. Those prices were enough to interest cattlemen in expanding their herds..
by WLJ
2014 April 4
A myriad of factors are at work in cattle and beef markets now. Spring has arrived, according to the calendar, but it isn’t obvious yet in many parts of the country. Cold weather continues to delay grass greenup in many regions in a fashion that is reminiscent of last year.
2014 April 4
Every year, USDA’s National Agricultural Statistics Service (NASS) collects surveys from a large number of American farmers and ranchers asking what they plan to plant. This information is collected into the Prospective Plantings report, and the information is invaluable to the markets and subsequent reports.
by WLJ
2014 April 4
Although challenging weather conditions in many parts of the country continued to impact customer traffic in February, the National Restaurant Association’s Restaurant Performance Index (RPI) remained above 100 for the 12th consecutive month. The RPI—a monthly composite index that tracks the health of and outlook for the U.
2014 March 31
It is such an alien thing to report these days, but cash fed cattle trade was wrapping up Wednesday last week, with the prices paid surprising even bullish analysts. Live cattle went for $150-154, with most volume in the $152-154 area—up $4 in the Southern Plains and steady to up $1 in the Corn Belt—and $242-245 dressed.
2014 March 28
Wheat Association, strong export demand supported markets, including a soft red winter (SRW) cargo purchase by Egypt. Worries about how political tensions in the Black Sea region might disrupt grain shipments helped push futures even higher, the association said.
by WLJ
2014 March 28
One thing making economics brighter for cattle producers is a change in the price of corn, a major feed for market cattle. “Corn at $4.50 per bushel looks better than corn at $7.50. Recall, we didn’t think $4.50 corn looked so good on the way up.”.
by WLJ
2014 March 21
Cattle and beef prices are at record levels in every industry sector, from cow/calf to retail beef prices. These record prices are obviously supported by a very unusual set of supply and demand circumstances.
2014 March 10
“Effective with the August 2015 delivery month, the amendments will allow heifers to be deliverable against the Live Cattle Futures contract but be subject to additional eligibility requirements,” noted the CME announcement of the decision. The additional restrictions are as follows:.
2014 March 10
Cash fed cattle prices drifted lower last week as the live cattle futures took a nose-dive and packers seized on the opportunity to buy cattle cheaper. Compared to the $150-152 live and $240 dressed prices seen in the previous week, last week saw the bulk of trade happen at $150 live and $237-240 dressed.
by WLJ
2014 March 7
The largest collaboration between Walmart and U.S. Meat Export Federation (USMEF) in Central America to date recently concluded in four countries in the region. Walmart in Costa Rica, Guatemala, El Salvador and Nicaragua worked with USMEF on a six-week “Ten New U.
2014 March 3
And up we go (again)! Packers took the steer by the proverbial horns last week in the cash markets. They were apparently undaunted by their $100-perhead losses as they bid up the price of cash cattle to $150-152 live and $240-242 dressed mid-week.
by WLJ
2014 February 28
The largest food industry trade show in the Middle East, the Gulfood Show in Dubai, is the first stop for the group, which includes representatives from the Cattlemen’s Beef Board, United Soybean Board, Illinois Corn Marketing Board, Iowa Corn...
2014 February 24
All was quiet on the beef front last week. The same could not be said for the world of pork, however, as the Humane Society of the U.S. fired shots over the bow of the pork industry. Look for more information on that unfolding story in this week’s Beef Bits and next week’s issue of WLJ.
by DTN
2014 February 21
“We had assumed that under the continuation of the old law that more land would be planted to corn because of the ACRE program,” Glauber said. “Now with the new programs based on base acres, we think there will be more flexibility. They will look at the soybean-to-corn price ratio and will plant a little less corn than normal.
by WLJ
2014 February 21
There were plenty of hints. In 2011, a 45 percent increase in grid premiums to $32.3 million did not in itself constitute a trend. But USDA’s mandatory reporting, never known for overstating, showed 2012 starting with a CAB premium of $8 per hundredweight (/cwt.
by DTN
2014 February 21
AgriBank, the Farm Credit System district bank that sources funds for Farm Credit Associations covering half of the nation’s cropland, still sees wide disparities in farmland appreciation, depending on the 15 states within its territory.


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