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Market Reports

Read new forecasts and indicators involving beef cattle and feed markets. Find out what factors are affecting prices.

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For the second consecutive month, August export value for U.S. beef and pork increased year-over-year despite declines in volume. Export value for both products remains on a record pace, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

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Pasture conditions over most of the U.S. are much improved over conditions at this time last year. In addition, corn prices are currently below $4 per bushel and expected to drop further. Extreme drought conditions continue in parts of the southwestern U.S.

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Click the date to see the latest Progressive Cattleman Market watch. (PDF)

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U.S. red meat exports slowed in July, the first time this year that year-over-year export volumes were lower for both beef and pork. But 2014 exports remain on a strong pace, according to statistics released by the USDA and compiled by the U.S. Meat Export Federation (USMEF).

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International cattle and beef markets are reacting as expected to record U.S. market prices. The latest monthly trade data for July confirms that beef exports are declining; and beef and cattle imports are increasing as markets adjust to shrinking U.S. beef and cattle supplies.

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Consider $3,300 railcar cost a crystal ball for the corn and cattle feeding industries.

“The grain farmer is absolutely going to get hammered to move his grain,” said Dan Basse, president of AgResource Company. “All of this passes back to you,” the analyst told cattle feeders and other attendees at last month’s Feeding Quality Forum in Kearney, Nebraska, and Amarillo, Texas.

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