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Market Reports

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

LATEST

The National Cattlemen’s Beef Association commended members of the U.S. Senate who sent a letter to Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., urging them to allow the 30-year-old tax credit and protective tariff for corn-based ethanol to expire as scheduled on Dec. 31, 2010.

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0111pc_marketreport_1November saw cattle markets continue to account for the two contrasting factors on the forefront this fall; extremely high and highly volatile grain and feed costs – versus - tight supplies of beef cattle at every level of production and the expectations that the availability of stocker calves next spring will not be nearly enough to meet demand.

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Except for a brief retreat in early October, corn, soybean, and wheat prices were in a steady uptrend from June 30 through Nov. 9. December 2010 corn futures increased about 70 percent, while January 2011 soybean futures and July 2011 wheat futures increased about 50 percent.

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BRYAN, Texas – A Texas AgriLife Extension Service livestock economist has forecasted continued strength in cattle prices heading into 2011, but has warned to keep a watchful eye on the corn supply.

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feedlot_regErratic volatility plagued commercial cattle markets during the month of October in direct relation to the roller coaster ride that grain markets have been experiencing since mid-September when full swing harvest began moving through the Corn Belt. Typically, corn and soybean prices are under pressure during harvest but this year’s disappointing yields and low global stocks have caused grain markets to be ultra-sensitive to the slightest crop report, rumor, or innuendo.

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meat_regularAugust was a solid month for U.S. beef exports, easily outpacing the results of August 2009 and increasing its gains over the cumulative totals from the first eight months of 2009.

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