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21Nov

Profit Tracker: Margins Decline $28 Per Head

Body: Cash fed cattle prices declined more than $4 per cwt. last week, fueling a $28 per head decline in cattle feeding margins. The cost of feeder cattle calculated against last week's marketings declined $3 per cwt., softening the hit from weaker fed cattle prices, according to the Sterling Beef Profit Tracker. Beef packer margins improved an average of $5 per head to $93. The beef cutout declined $3 per cwt. to $206.53. The Beef and Pork Profit Trackers are calculated by...

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20Nov

Commodities Seek Global Transit Security

The Corn Belt dodged a rain-soaked bullet this summer when hurricanes Harvey and Irma—while inflicting immense local damage—failed to take out key ports where farm goods meet global markets. But the potential for disruption remains tremendous, which is why industry stakeholders continue to search for alternative routes to the world. The Soy Transportation Coalition recently met in Vancouver so they could explore the options for exporting U.S. soybeans via the Canadian west coast. “We’re always trying to find ways to make sure...

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20Nov

What is Behind the Widening Choice-Select Spread?

FED CATTLE: Fed cattle traded $3 to $4 lower compared to last week on a live basis. Prices on a live basis were mainly $118 to $120 while dressed prices were mainly $188 to $190. The 5-area weighted average prices thru Thursday were $119.34 live, down $3.71 from last week and $189.41 dressed, down $2.65 from a week ago. A year ago prices were $107.92 live and $169.92 dressed. Cash live cattle trade occurred early again this week as softer futures markets...

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17Nov

Nation's 14th Largest Cow-Calf Ranch Ceases Operations, Focuses on Citus

The 14th largest cow-calf operation is getting out of the cattle business to concentrate on citrus growing. Alico Inc., a large agribusiness company in Florida, announced on Nov. 16 the company plans to cease its direct cattle operations at Alico Ranch by the end of the year. The majority of Alico’s grazing land is found in Hendry County, with some in Collier County. A total of 71,000 acres is listed in the Conservation and Environmental Resources portion of Alico’s holdings. “The ranch...

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17Nov

China Tops Canada As Lead Buyer of U.S. Ag Goods

Tensions are rising when it comes to the future of trade. As leaders from Canada, Mexico and the United States are in the midst of round 5 of North American Free Trade Agreement (NAFTA) 2.0 negotiations, new numbers from U.S. Department of Agriculture (USDA) show China is now the top buyer of U.S. agricultural goods. For the fiscal year 2017, China purchased $22 billion of agricultural products from the U.S, which is a large jump from the $19.2 billion bought in...

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