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by WLJ
2014 August 15
Beef exports were up 5 percent in volume; 106,609 metric tons (mt) which equals 2,204.622 pounds) in June and set a new monthly value record of $631.7 million ( 12 percent). First-half export value also set a new record of $3.27 billion ( 16 percent).
2014 August 11
Cash fed cattle trade took its own time in happening last week. By close of the markets on Thursday, 18,288 head had been confirmed sold over the course of the week—not exactly sluggish, but not overly speedy either. The bulk of that volume traded Thursday at $159-162 live and $253-255 dressed, steady to down $4 in both areas.
2014 August 4
Cash fed trade was slow to develop last week as packers, reportedly flush with cattle sufficient for their reduced production rates, were content to let the cash market cool off. Analysts expected trade to be steady with the prior week’s $160-165 live and $255-262 dressed.
2014 August 4
Two key cattle reports were released at the end of July: the biannual Cattle Inventory report and the monthly Cattle on Feed report. The reports were called bullish with both the Inventory report showing continued tightening of the cattle herd and the Cattle on Feed report showing decreased populations, placements, and marketing activity.
by DTN
2014 July 25
Corn importers don’t have to look far for supplies, either. With China’s hesitance to take U.S. corn, due to that country’s failure to approve corn with the MIR162, South Korea is enjoying the availability of Asia-bound freighters and lower prices. Imports of dried distillers grains with solubles (DDGS) also are doubling.
by WLJ
2014 July 25
The number of cattle slaughtered is 5.7 percent lower than last year. Plain says the drop in cow and heifer slaughter has tightened up the beef supply, driving up prices. With high feeder cattle prices and good pastures, producers are now looking to increase the breeding herd, which eventually will bring prices down.
by WLJ
2014 July 18
Most all of Oklahoma received considerable rain from late May into early July. This resulted in much needed forage growth in all regions, including some of the worst drought areas. However, the heat of summer has arrived in July and forage growth has slowed abruptly.
by WLJ
2014 July 11
The beef industry is experiencing a wide range of emotions at the current time. The level of excitement is obvious as cattle and beef prices have pushed even beyond record levels of earlier this year. Cattle prices are at values unimaginable just a few years ago.
by WLJ
2014 July 11
“‘Out of sight’ is a good term for the prices,” said Dr. David Anderson, AgriLife Extension Specialist in Livestock and Food Products Marketing. “And it doesn’t really matter whether we’re talking about retail prices to consumers, the wholesale beef market or at sale barns for calves and feeder steers.
by WLJ
2014 July 3
According to the latest Rabobank report, Beef Quarterly Q2 2014, the global beef market will regain its positive momentum in Q3, once the current, temporarily high supply has worked through the system. This will likely support further strengthening of prices, as supply of competing animal proteins tighten.
2014 June 30
Asking prices started the week slightly elevated from the prior week’s sales of $148-150 live and $234-238 dressed. However, after a strong rally—again—in the futures markets, asking prices jumped up a few more dollars. By Thursday morning, cattle feeders were asking $153-154 live and $240-242 dressed.
2014 June 27
The most recent Cold Storage report was released last week. It showed that stores of beef in all warehouses across the country are down considerably from the same time last year. As of May 31, there were 378.9 million pounds of beef in cold storage, representing 38.