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Feeder Cattle Review: Fear seems to be a very good motive

Compared to last week, yearling feeder cattle started the week 3.00-5.00 lower then turning mostly 5.00-10.00 lower as the week progressed. Calves traded mostly 5.00-15.00 lower with instances 20.00 lower throughout the Southeast. Calf prices have lost a third of their value in just a few short months, as any class of feeder calves do not look attractive to buy as the bottom continues to succumb in this market free-fall.


Cattle Outlook: Fed cattle prices sharply lower

Fed cattle prices were sharply lower this week on good volume. Through Thursday, the 5-area average price for slaughter steers sold on a live weight basis was $118.61/cwt, down $9.86 from last week’s average and down $41.37 from a year ago. The 5 area average dressed price this week for steers was $187.51/cwt, down $14.96 for the week and down $64.49 compared to the same week last year.


Jolley: Five snarky minutes with current affairs

New York Post says their Chipotle's carnitas have reached celebrity status, just like McDonald's McRib. Considering all the nonsense behind their tragically disappearing and then miraculously reappearing supply, maybe the more apt comparison should be 'just like the Kardashians.'


Boxed Beef Report: Beef prices take a fall

Choice boxed beef dropped $2.44 on Friday to hit $206.75. The 27-day average price is now at $229.72. Select boxed beef prices fell from $204.18 to $203.38. The 80-cent fall brought the 27-day average price to $222.07.

Choice primal loin saw the largest drop, falling $5.58 on Friday to $285.68. Choice primal round was close behind with a $4.77 fall to $184.17. Choice primal rib was the only cut that saw a rise, increasing $1.08 to $297.75. 


Be aware of poison hemlock

Poison hemlock is toxic to a wide variety of animals including man, birds, wildlife, cattle, sheep, goats, pigs and horses. People are usually poisoned when they mistakenly eat hemlock for plants such as parsley, wild carrot or wild anise.


Brazil's Marfrig could buy back up to $701.3 million in global debt

The board of Marfrig Global Foods SA, Brazil's No. 2 meatpacker, on Tuesday approved the repurchase of up to $701.3 million in global bonds due between 2018 and 2021, the latest effort by a Brazilian company to buy back debt in the wake of a slumping currency and rising borrowing costs.


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