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by WLJ
2013 November 22
The counter-seasonal behavior of cattle markets this fall indicates the transition occurring in beef and cattle markets. The fourth quarter of 2013 provides insight into the general expectations for markets in 2014. Cattle slaughter for the year to date is down 1.
by WLJ
2013 November 22
The American Farm Bureau Federation’s 28th annual informal price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $49.04, a 44-cent price decrease from last year’s average of $49.
by WLJ
2013 November 22
Paced by sustained strong performances by the Japan and Hong Kong markets and a rebound in Mexico, U.S. beef exports in September remained ahead of 2012 levels. U.S.
2013 November 18
The big news of the most recent World Agricultural Supply and Demand Estimates (WASDE) report involved the changes to the corn projections. Though the report’s estimated corn production rate for the 2013/2014 crop is up from the previous estimate, the number was still down from prereport trade averages.
2013 November 18
“A post-Thanksgiving rally is expected for product and cash cattle values,” said Andrew Gottschalk of Hedgers Edge. That might not be a good thing in the long run, however, as cash prices and their influencing market elements—such as production rates, feeder prices and futures—threaten to push prices out of consumers’ willingness to pay.
by WLJ
2013 November 15
The RPI—a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry— stood at 100.2 in September, down 0.3 percent from a level of 100.5 in August. Despite the recent declines, the RPI remained above 100 for the seventh consecutive month, which signifies expansion in the index of key industry indicators.
by WLJ
2013 November 8
Drought has caused many cow herds to be culled extensively over the last two years. However, some culling of beef cows occurs in most herds every year. A few cows will become reproductively unsound, brokenmouths, bad udders, open, and/or just plain old.
2013 November 8
After more than two weeks delayed, the September/October Cattle on Feed (COF) report was released to little fanfare. The results were called neutral though analysts predict it bodes well—or badly, depending on your perspective—for months to come. Tight supplies of cattle are coming.
2013 October 25
“It was a fast track in the country with South Plains trade at $132-133 while the Corn Belt traded at $132-134 live and a full range of $206-210 on a dressed basis,” reported Andrew Gottschalk of Hedgers Edge Thursday, noting that the bulk of the Corn Belt dressed trade was in the $208-209 area.
by WLJ
2013 October 25
U.S. beef exports to South America are up sharply in recent years, and Peru is one of the main drivers of this phenomenal growth. Now residents in this nation of 30 million have mouthwatering images of one of their favorite dishes—made with high quality, grain-fed U.
2013 October 21
Last Thursday came with word that the government was back up and running. Politics and speculations of the future aside, this was a welcomed change from the market point of view. Finally there are official numbers on cattle sales and beef prices! However, the market party can’t start just yet.
2013 October 11
The continued government shutdown has lent more speculation to the cash markets. Asking prices, bids, and the fact it was another week of Friday trade were all easy to track. But expectations of where that Friday trade would eventually come in was all over the map, from “up” to “down” to “steady” predictions.
by WLJ
2013 October 11
The lack of federal government data collection has already impacted livestock markets. The impacts will grow exponentially if the situation persists for many more days. The most significant initial impacts are on business arrangements that base beef and cattle transactions on USDA price reports.
by WLJ
2013 October 4
The ingredients for the best winter wheat grazing opportunity in several years seem to be coming together this fall. Most all of Oklahoma has received significant rain in the past two weeks. The rain is sufficient, in most cases, to get wheat planted and up.
2013 September 30
The most recent Cattle on Feed report again had bullish surprises in the placements area. Analysts expected placements to be down, but what actually happened was a shock. Placement numbers inspire questions; are cattle being held back or do they exist at all?.
2013 September 27
The trend of a Friday trade continued last week; Packers might have done themselves a disservice in waiting as futures did nothing but strengthen throughout the week and they were said to have had short supplies of contract cattle around them. Analysts expected trade to take place late Friday at higher money compared to the prior week.
2013 September 23
Yet another week of “wait- ‘til-Friday” trade in the cash fed cattle markets. With larger show lists, a number of outside influences on the market, and the expectation of a late Friday-afternoon Cattle on Feed report, the theme was one of biding time..
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