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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

Corbitt Wall feeder cattle report for Feb. 25

0411pc_blach_regFueled by rising global demands for U.S. beef at a time when the domestic herd continues to decline, beef producers should prepare for steep increase in prices in 2011 – both for beef and feed commodities.

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0411pc_marketreport_1The bulk of February’s cattle marketing was ruled by weather, as not one portion of the United States escaped the wrath of a series of snowstorms and bitter-cold. The first sign of the “weather market” showed up at the tail-end of January as nationwide feeder markets were predominantly lower on fears of the approaching blizzard, plus added pressure from lower cash fed cattle and CME cattle futures.

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The USDA’s weekly Export Sales report and weekly reports of export inspections provide timely information about export demand for U.S. agricultural commodities. The U.S. Census Bureau, however, is the official source of export estimates. The monthly Census Bureau reports are not as timely as USDA reports, but provide an opportunity to reassess export progress during the marketing year.

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naturalbeef_regDecember statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF) confirm that 2010 was the best year ever for U.S. beef export value. A final total of $4.08 billion breaks the pre-BSE high from 2003 of $3.86 billion by more than 5 percent and exceeds the 2009 total by nearly $1 billion. Total volume was 1.067 million metric tons, an increase of 19 percent over 2009.

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