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2014 April 28
“Packers are trying to lay in the weeds and say they have enough inventory around them and that domestic beef business has yet to pick up seasonally,” reported Troy Vetterkind of Vetterkind Cattle Brokerage. “This may be true to a certain extent but they do have first of May beef orders to fill and export orders have been robust lately.
2014 April 21
The cash fed trade developed in a slow trickle throughout the week last week. By Thursday afternoon, over 59,000 head had been confirmed sold for the week at a weighted average of $146.79 live and $233.33 dressed. That was decidedly lower compared to the prior week’s $147-148 live and $240-241 dressed prices.
by DTN
2014 April 18
On the positive side, exports to Asia increased 5 percent for a total of $1.2 billion while exports to Canada increased 6 percent for total of $4.3 billion. The increase in Asia was aided by China having government polices still supportive of agriculture focusing on productivity and increasing farm income, he said.
2014 April 14
Packers are bleeding out red ink again, and last week looked like the cash fed cattle market was going to wring a bit more red out of them. By close of trade Thursday afternoon, barely 5,000 head had been confirmed sold for the whole week, and then only at $150 live and average $240.
2014 April 11
Last Wednesday saw the release of the most recent World Agricultural Supply and Demand Estimates (WASDE) report. The report was called bullish for corn given the increases made to corn export to reflect the quick pace of corn trade in recent months, and not all that surprising for meat.
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.


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