Beef and pork values close lower

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Cattle country was relatively quiet on Friday afternoon following a light trade in the North in the morning, with dressed deals marked steady to $1.00 higher than Thursday from 265.00 to 266.00, live sales at 170.00. Business was essentially done for the week. Southern deals came in at mostly 170.00, 5.00 to 6.00 higher than… Read more »

Closing Grain and Livestock Futures: October 24, 2014

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  Dec. corn closed at $3.53, down 6 and 3/4 cents Nov. soybeans closed at $9.77 and 1/2, down 15 and 3/4 cents Dec. soybean meal closed at $350.20, down $2.20 Dec. soybean oil closed at 32.39, down 28 points Dec. wheat closed at $5.17 and 3/4, down 9 cents Oct. live cattle closed at $168.25, down 80 cents Dec. lean hogs closed at $90.25, up $1.52 Nov. crude… Read more »

Cattle placements up 1%

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  USDA’s cattle on feed numbers came out close to pre-report expectations and, as expected, showed an increase in placements. During September, placements of cattle in to the feedlots were 2.071 million head, up 1% on the year, thanks to the record cash prices and lower feed costs. Most of the placements were on heavier… Read more »

Friday midday cash livestock markets

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Cattle prices reached a new record high on Thursday of $170.00 per hundredweight, $6.00 higher than the previous week. The trade in the South may be complete for the week. In the North cattle are trading at $170.00 live in Iowa and a few sales on a dressed basis are being reported in Nebraska at… Read more »

Groundwater contamination issue in Wisconsin

Six environmental groups have filed a petition with the U.S. Environmental Protection Agency (EPA) asking the agency to investigate groundwater contamination in Kewaunee County in northeastern Wisconsin.  The petition charges the Wisconsin Department of Natural Resources has failed to protect residential drinking water through its powers to regulate groundwater and oversight of large livestock operations…. Read more »

Red meat production 1% above year ago

According to USDA, U.S. red meat production during September 2014 was 3.959 billion pounds, up 1% from September 2013. Beef was reported at 2.067 billion pounds, a little bit less than a year ago, with the kill down 3% at 2.530 million head and the average live weight gaining 31 pounds to 1,344 pounds. Veal… Read more »

Poultry production jumps 7%

  USDA reports poultry production for September 2014 was 3.854 billion pounds, a 7% increase from the September 2013 total. Most of that was chicken, 3.349 billion pounds, with turkey at 493.480 million. The preliminary live weight of all poultry was 5.087 billion pounds, also 7% more than a year ago. Young chickens slaughtered averaged… Read more »

Cattle trade at record high prices

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USDA Mandatory reported cattle trading was light to moderate in the Texas Panhandle, Kansas, Nebraska and Colorado on very good demand on Thursday afternoon. A limited number of cattle have traded at 170.00, $5.00 to 6.00 higher than last week.  The $170.00 price level set new records in all regions. Trading was still slow in all… Read more »

Closing Grain and Livestock Futures: October 23, 2014

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  Dec. corn closed at $3.59 and 3/4, up 6 and 3/4 cents Nov. soybeans closed at $9.93 and 1/4, up 30 and 1/2 cents Dec. soybean meal closed at $352.40, up $14.40 Dec. soybean oil closed at 32.67, up 53 points Dec. wheat closed at $5.26 and 3/4, up 4 and 1/2 cents Oct. live cattle closed at $169.05, up $1.00 Dec. lean hogs closed at $88.72, down $1.02 Nov…. Read more »

Thursday midday cash livestock prices

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Cattle country remains in quiet mode on Thursday with bids and asking prices few and far between, but the expectation is packer inquiry will improve as the day progresses. Significant trade volume may be delayed until sometime on Friday and may wait until until after the release of the cattle on feed report at 2:00… Read more »