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Cattle Outlook: WASDE raised 2015 beef production estimate

The October WASDE raised USDA's estimate of 2015 beef production by 245 million pounds and lowered their forecast of the 2015 average price for slaughter steers to $149.19/cwt. They are predicting 4.9% more beef in 2016 and an average price for fed cattle that is $2 to $13/cwt lower than this year.


Feeder Cattle Review: Cattle futures rocketed

Compared to last week, yearling feeder cattle started the week mostly 5.00 lower on a light test with calves trading 5.00-15.00 lower, then on Tuesday the Live and Feeder Cattle futures closed with limit gains that turned the week around. Cattle futures then rocketed higher again on Wednesday and Thursday; it seems one extreme move one way can have extreme moves the other way as from mid- week on yearlings moved mostly 3.00-10.00 higher and calves traded firm to 5.00 higher, instances 10.00 higher.


Boxed Beef Report: Beef prices drop

Choice boxed beef prices dropped from $204.97 on Thursday to $202.97 on Friday. The two-dollar fall brought the 27-day average price to $222.47. Select boxed beef saw a seven-cent drop to hit $197.93, bringing the 27-day average price to $215.66.

Choice primal rib fell the most from $311.34 on Thursday to $304.56 on Friday, a $6.78 fall that brought the 27-day average price to $315.59. Choice primal short plate had the next biggest drop of $2.12. Chioce primal flank was the only cut that didn't fall, jumping $6.33. 


U.S. court places hold on clean water rule nationwide

A U.S. court on Friday issued an order temporarily blocking the implementation of a federal water rule across the country, expanding on a prior injunction from a separate court that applied only to certain states.


Measure hay quality and quantity for most efficient use

Kansas producers have been busy putting up silage and baling hay. Abundant rainfall in much of the state this year has made making hay challenging but also improved volume of hay supplies. Both of these factors, in addition to prices of other commodities, will influence how best to use these forages this year.


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