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Cattle futures climbed for the first time in three days on signs of increasing demand from U.S. meat processors.
Rains the next two months set the stage for grazing season.
But a majority of the country is still covered by some form of drought.
All categories seen below year-ago levels.
Seasonal Drought Outlook a broken record for Southern Plains.
Cooler-than-usual conditions to linger into month’s end.
Drought monitor notes that 34.96% of contiguous U.S. is drought-free -- little changed from last week.
This should help cattle futures to rebound next week.
Meteorologist Gail Martell provides her weather insight.
January pork and beef trade data are illustrative the opportunities & challenges ahead.
Temps expected to be 10 to 15 degrees below normal over the near-term.
But western Corn Belt not included in forecast for above-normal precip.
Cattle on Feed Report is expected to show On Feed at 93.5% of year-ago levels.
But warns higher prices could impact purchases.
Central and Southern Plains still covered by drought.
Meteorologist Gail Martell provides her weather insight.
The latest YouTube video from farmer Derek Klingenberg pays tribute to hard-working cattle producers.
The second major snowstorm in a week for the southern Great Plains is delivering moisture to U.S. wheat crops.
USDA’s Chief Economist highlights expectations for record corn and soybean production in 2013.
Highlights of USDA’s Weekly Export Sales Report.
Placements in feedlots during January totaled 1.88 million, 2% above 2012.
Focus turns to mending drought across the western Corn Belt.
But maintaining clear records and establishing a good relationship with a banker still help operators win financially, says Stephen Hatz, senior vice president at Bank of the West.