Industry Headlines

Video: Why GIPSA Is Good For The Cattle Business: Bill Bullard, R-CALF USA 

Bill Bullard of R-CALF USA discusses potential impacts of the proposed GIPSA rules on the US cattle industry.
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Corn Exports Up, Well Behind This Year's Average

Net sales of 472,200 MT for delivery in 2009/10 were up 9 percent from the previous week, but down 15 percent from the prior 4-week average.
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Picture Book: 2010 NCBA Summer Conference

The CattleNetwork team spent some time in Denver, Colorado last week for the NCBA Summer Conference. Here are some pictures from their trip.
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Beef Export Sales Down 23 Percent

Net sales of 12,800 MT were down 23 percent from the previous week, but up 8 percent from the prior 4-week average.
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Corn Exports Down 30 Percent

Net sales of 432,300 MT for delivery in 2009/10 were down 30 percent from the previous week and 29 percent from the prior 4-week average.
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Texas Cattle Placements Down 24 Percent

June placements in Texas totaled 470,000 head, down 24 percent from May. This month place total is 7.750 head under this year's average placement numbers.
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Commitment Of Traders Grain

This week's commitment of traders report shows corn, soybeans and wheat open interest increasing. Corn open interest had the largest increase, gaining 60,530 contracts to 1,179.329 contracts.
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Beef Exports Are Smoking Hot

Net sales of 16,700 MT were up 54 percent from the previous week and 47 percent from the prior 4-week average. Increases were reported for South Korea (4,900 MT), Japan (4,700 MT), Mexico (3,500 MT), Canada (1,600 MT), and Taiwan (1,300 MT).
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August Live Cattle Futures Set 27 Day High

August live cattle futures closed the day up 85 cents at 93.13 climbing to its 27 day high. Today's close is $1.02 above this year's average price, but still $6.62 below this year's high.
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Commitment Of Traders: Livestock & Dairy

Last week's commitment of traders report showed open interest increased for milk and feeder cattle. Lean hogs and butter open interest decreased.
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Corn Exports Climb 35 Percent This Week

Net sales of 678,100 MT for delivery in 2009/10 were up 35 percent from the previous week, but down 19 percent from the prior 4-week average. Increases were reported for Japan (214,000 MT, including 81,800 MT switched from unknown destinations and decreases of 50,300 MT), Egypt (163,700 MT, including 60,000 MT switched from unknown destinations), China (125,200 MT), Mexico (68,800 MT), Syria (60,000 MT, including 57,000 MT switched from unknown destinations, Germany (60,000 MT), and Taiwan (57,200 MT).
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Boxed Beef Report: Choice/Select Spread Narrows, Loads Up

Boxed beef cutout values steady to firm on light to moderate demand and offerings. Select and Choice round, chuck and loin cuts steady to firm while rib items steady to weak. Beef trimmings generally steady on light to moderate demand and offerings. ... Full story.