Industry Headlines http://www.cattlenetwork.com/cattle-trader-center/industry-headlines RSS Feed for Industry Headlines en-us Fri, 16 Dec 2011 22:02:15 GMT National Beef stake sold to New York company for $868 million http://www.cattlenetwork.com/cattle-trader-center/industry-headlines/National-Beef-stake-sold-to-New-York-company-for-868-million-135126858.html Leucadia National Corp., a holding company with investments in casinos, copper mining, wineries and other businesses, agreed to pay $867.9 million for a 79-percent stake in National Beef Packing Co., LLC, the No. 4 U.S. beef processor. National feeder cattle report: Lower prices, wet conditions http://www.cattlenetwork.com/cattle-trader-center/industry-headlines/National-feeder-cattle-report-Lower-prices-wet-conditions-135758913.html Compared to last week, feeder cattle weighing over 700 lbs (which are mostly heavily supplemented long-calves with only a few scattered sales of true yearlings) sold steady to 2.00 lower. Japanese beef import restrictions: Changes and implications http://www.cattlenetwork.com/cattle-trader-center/industry-headlines/Japanese-beef-import-restrictions-Changes-and-implications--133383773.html The beef industry took full note of media releases last week indicating Japan may soon relax the current restriction of imported U.S. beef being from animals under 21 months of age. U.S. cattle imports from Mexico higher, but down from Canada http://www.cattlenetwork.com/cattle-trader-center/industry-headlines/US-cattle-imports-from-Mexico-higher-but-down-from-Canada-122006329.html The increase in Mexican cattle imports thus far in the year is being offset by the decline in Canadian cattle imports. In the cattle markets: August Cattle on Feed http://www.cattlenetwork.com/cattle-trader-center/industry-headlines/In-the-cattle-markets-August-Cattle-on-Feed-128244218.html The industry continues to wring a remarkable volume of cattle out of the countryside. The August on-feed total is the third highest figure for August since this particular COF series began in 1996. Monday Market Sentiment: Cattle expected to continue streak lower http://www.cattlenetwork.com/cattle-trader-center/industry-headlines/Monday-Market-Sentiment-Cattle-expected-to-continue-streak-lower-122000714.html A survey of cattle-industry leaders suggests the average price for cash cattle will decrease $1.12 to $111.74 per cwt this week. AgriLabs launches new cattle vaccine http://www.cattlenetwork.com/cattle-trader-center/industry-headlines/AgriLabs-launches-new-cattle-vaccine--120447584.html Jim Glassford, AgriLabs VP of Marketing, announced the availability of the newest in AgriLabs line of cattle biological products. "MpB Guard provides producers with a safe, efficacious, 2-dose vaccine that aids in the prevention of respiratory disease and the potential loss caused by Mycolpasma bovis", he said. Corn exports down 28 percent http://www.cattlenetwork.com/cattle-trader-center/industry-headlines/Corn-exports-down-28-percent.html Net sales of 613,400 MT were down 28 percent from the previous week and 43 percent from the prior 4-week average. Increases were reported for Japan (501,800 MT, including 95,100 MT switched from unknown destinations and decreases of 39,900 MT), Egypt (62,400 MT), Mexico (60,700 MT), Taiwan (22,700 MT), Colombia (16,600 MT, including 15,000 MT switched from unknown destinations and decreases of 2,800 MT), and Venezuela (15,000 MT). Cautious optimism in fed-cattle market http://www.cattlenetwork.com/cattle-trader-center/industry-headlines/Cautions-optimism-in-fed-cattle-market-119072709.html Back in early 2010, with cattle trading in the low-$80 range and losing about $25 per head, Drovers/CattleNetwork posed the question: “What would you do for $90 cattle?" The market did improve, with prices peaking at around $100 per hundredweight last April and May. Monday Market Sentiment: Industry leaders predict a slight decrease in cash cattle prices http://www.cattlenetwork.com/cattle-trader-center/industry-headlines/-Monday-Market-Sentiment-Industry-leaders-predict-a-slight-decrease-in-cash-cattle-prices-119251764.html A survey of cattle-industry leaders suggests the average price for cash cattle will decrease $0.02 to $121.54 per cwt this week. The Monday Market Sentiment is a forecast of the upcoming weekly cash trade (5-Area weighted average price) prices reported by the USDA.