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2013 May 17
Friday, May 10 saw the release of the most recent World Agricultural Supply and Demand Estimate (WASDE) report. Though the report contained very few surprises compared to prereport industry expectations, this was the first WASDE report of the year to include domestic projections for the 2013/2014 marketing year and 2013 world production estimates.
2013 May 13
The Australian beef industry is experiencing a perfect storm of economic disaster. Drought, oversupply from closed markets, and ag policy gone awry have left Aussie producers scrambling to find an alternative to simply shooting the hundreds of thousands of excess animals which cost more to feed and ship than they’re worth at market.
2013 May 13
The cash fed trade developed as a slow but steady trickle last week with reportable sales starting as early as Tuesday. Cattle sold for $126-127 live and $202-204 dressed, decreases of as much as $5-6 for both depending upon what part of cattle country one looked at.
by WLJ
2013 May 10
March exports of U.S. beef were down in volume from a year ago but edged slightly higher in value, while pork exports slumped on lower results in several mainstay markets. According to statistics released by USDA and compiled by the U.S.
by WLJ
2013 May 10
Choice boxed beef reached record levels above $200/cwt. last week, with fed cattle prices not far behind. The late spring rally comes after boxed beef and fed markets appeared to have topped in March.
by WLJ
2013 May 6
The cash trade developed relatively early given the recent trend. By Wednesday, trade had begun at $128-129 live in the South Plains and $207 dressed in Colorado. The activity continued Thursday morning with dressed trade going for $205 in Nebraska and $207 in the Corn Belt on active trade.
by WLJ
2013 May 3
Total beef production for the year to date is down 1.3 percent and total slaughter is down 2.1 percent compared to the same period last year. Both beef production and slaughter have been larger in recent weeks and the yearto-date total is down less than expected.
by WLJ
2013 April 29
Cash trade—or even the rumor of it—was basically non-existent throughout the first half of last week, with not even 1,500 head sold by Wednesday evening. Packer bids only developed late Wednesday, and at $123-124 live and $198 dressed, they lagged behind offers by $5-7.
2013 April 29
The April Cattle on Feed report (COF) came out Friday, April 19. The report covers numbers of cattle on feed in feedlots of 1,000 head or greater capacity as of April 1, and the number placed and marketed during March. The biggest surprises came from the number of cattle placed, which was well above both year ago levels and pre-report estimates.
by WLJ
2013 April 26
There seems to be a chill on cattle markets…both literally and figuratively. Cattle markets remain hunkered down due to weather and other impacts. The unrelenting cold, wet spring continues to have a variety of impacts on both the supply and demand sides of cattle and beef markets.
by WLJ
2013 April 8
There was an interesting game going on in the cash fed market last week. Early in the week, word from packers was that they were going to pull April contract cattle for their needs and avoid the higher cash market. This led analysts to predict a steady to down $1 cash trade.
2013 April 5
The most recent Crop Progress report came out Monday, April 1. The report—the first of this year—showed sorghum plantings as of March 31 in line with the recent past and oat plantings were below last year but on par with the fouryear average.
by WLJ
2013 April 1
The vast majority of cash fed trade took place on Thursday morning and early afternoon ahead of the market closures of Good Friday. The small volume of sales earlier in the week developed in the South Plains at $125 live and $202 dressed, but the bulk of the trade on Thursday went for $127-129 live and $203-204 dressed.
2013 April 1
The most recent Cattle on Feed report was released Friday, March 22 by USDA. The report covered the number of cattle on feed as of March 1 in feedlots with a 1,000-head or greater capacity, as well as the number placed on feed in, and marketed from, such feedlots during the course of February.
by DTN
2013 March 29
Some of the largest increases, percentage wise, come from increased planting in Arkansas, Mississippi and other Delta states as farmers switch from cotton to corn. USDA expects farmers in Illinois, Indiana, Missouri, Kansas, South Dakota and Nebraska to plant slightly less corn than last year.
by WLJ
2013 March 29
The book “Who Will Feed China?: Wake-up Call for a Small Planet,” authored by Lester Brown in 1995, was a surprising wake-up call about world food security. Brown claimed that food production was not growing fast enough to feed China’s increasing population, which could result in rising food prices in China and the rest of the world.
by WLJ
2013 March 25
Cash trade developed fairly early last week, with the majority of trade volume completed by Wednesday. Each day’s trade was individually said to be light, however.
by WLJ
2013 March 22
“The continued growth in farm loans demonstrates the important role banks play in the success of farms and ranches both large and small,” said John Blanchfield, senior vice president and director of ABA’s Center for Agricultural and Rural Banking. “Banks remain the most important source of ag credit holding more than half of all farm loans.