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Friday’s closing grain bids

June 9th, 2017

 

St Joseph

 

Yellow Corn

3.56 – 3.58

White Corn

no bid

Soybeans

9.09 – 9.14

LifeLine Foods

3.58

 

 

Atchison

Yellow Corn

3.63 – 3.67

Soybeans

9.06

Hard Wheat

3.81

Soft Wheat

 3.85

 

 

Kansas City Truck Bids

 

Yellow Corn

3.68 – 3.73

White Corn

no bid

Soybeans

9.22 – 9.27

Hard Wheat

4.16

Soft Wheat

4.13 – 4.18

Sorghum

6.30

For more information, contact the 680 KFEQ Farm Department.
816-233-8881.

Senate committee to consider E-15 waiver legislation

A Senate committee will consider legislation next week that would put in place a permanent waiver to Reid vapor pressure (RVP) requirements to allow E-15 sales year-round. The Senate Environment and Public Works Committee announced the hearing set for Wednesday, June 14th. The hearing focuses on the Consumer and Fuel Retailer Choice Act, introduced in March by Nebraska Republican Senator Deb Fischer. A companion bill was introduced in the U.S. House in March by Nebraska Republican Representative Adrian Smith. Each year, the Environmental Protection Agency regulates RVP for gasoline and ethanol blends from June first until September 15. During these months, the EPA restricts the retail sale of fuels with ethanol above ten percent. The legislation would extend the RVP waiver to ethanol blends above ten percent. When introducing the bill, Fischer said the move would increase market access opportunities for higher blends of ethanol by allowing retailers to sell E-15 and higher blends year-round.

Trump waterways commitment needs funding

Photo courtesy Gage Skidmore

Farm groups are encouraged by President Donald Trump’s infrastructure commitment for waterways, but Politico questions how the President plans to fund the effort. Trump announced his plan with Agriculture Secretary Sonny Perdue and Interior Secretary Ryan Zinke earlier this week. The American Soybean Association says President Trump’s remarks highlighted the importance of the waterways and the need for infrastructure upgrades, specifically citing the backlog in funding needs for modernization of locks and dams that have exceeded their life expectancy and are deteriorating. However, his budget proposal for fiscal year 2018 would cut the Army Corps of Engineers’ construction funding by more than 50 percent, with only enough funding to work on a single new lock and dam project on the system. The Army Corps of Engineers maintains some 12,000 miles of inland waterways. The budget proposal also leaves a diesel fuel tax that the barge industry lobbied for in 2014 in a trust, unused. The industry touted the tax as a way to improve waterways infrastructure.

Thursday’s closing grain bids

June 8th, 2017

 

St Joseph

 

Yellow Corn

3.54

White Corn

no bid

Soybeans

9.06 – 9.07

LifeLine Foods

3.56

 

 

Atchison

Yellow Corn

3.61 – 3.66

Soybeans

9.03

Hard Wheat

3.84

Soft Wheat

 3.89

 

 

Kansas City Truck Bids

 

Yellow Corn

3.66 – 3.71

White Corn

no bid

Soybeans

9.18 – 9.23

Hard Wheat

4.19

Soft Wheat

4.16 – 4.21

Sorghum

6.26

For more information, contact the 680 KFEQ Farm Department.
816-233-8881.

Finding the next big thing in corn

A new innovation challenge seeks to find the next big use for field corn. The National Corn Growers Association has partnered with NineSigma to launch the global competition. NCGA says the program was created to identify new and innovative uses for field corn as a renewable feedstock for making sustainable chemicals with significant market demand. The “Consider Corn Challenge” is geared to inspire new concepts, approaches and technologies that will help drive innovation, according to an NCGA spokesperson. United States corn production has increased from 105.5 million metric tons in 1970 to 345.5 million metric tons in 2015. NCGA is inviting innovators around the world from industry, academia and other research institutions to consider new ways to utilize corn and maximize its contributions to the economy. Up to six winning proposals will be selected, and winners will each receive $25,000. Winners will be announced in February 2018. The program is part of the NCGA strategic plan that includes a goal to establish three new uses of corn that each utilize 25 million bushels or more by 2020. Learn more online at www.ncga.com.

Pork board creating secure pork supply plan

The National Pork Board, with support from the U.S. Department of Agriculture, is creating a Secure Pork Supply plan to help America’s pig farmers respond quickly to a major threat, such as a foreign animal disease. The plan, announced Wednesday, will enhance communication and coordination of all pork chain segments to help producers keep their farms operating and all related business activities functioning, according to the National Pork Board. Newly elected NPB President Terry O’Neel of Nebraska said of the plan that: “If we get the news that FMD, African swine fever or another foreign animal disease has arrived, the Secure Pork Supply plan will pay big dividends by getting pork production back to normal much faster.” An Iowa State University study estimates potential revenue losses to U.S. pork and beef industries from a foot and mouth disease outbreak would run $12.8 billion per year or $128 billion over a 10-year period. Related losses to corn and soybean markets over a decade would be $44 billion and $24.9 billion, respectively. The Secure Pork Supply plan will provide procedures that pork producers, processors and federal/state agencies agree are feasible should a foreign animal disease occur in the United States.

NFU urges immediate adoption of farmer fair practices rules

The National Farmers Union is urging the U.S. Department of Agriculture to finalize the Farmer Fair Practices Rules. Through comments submitted to USDA as part of the public comment period for the rules, NFU tells USDA the rules will likely result in a more transparent and business-like relationship between farmers and the processing companies. The rules were released in December of last year, but are under review by the new Donald Trump Administration. Livestock groups, including the National Pork Producers Council, oppose the rules. Groups opposed to the rule say it will lead to more lawsuits within the livestock industry, and the possibility of consolidation. NFU President Roger Johnson says the interim final rule on competitive injury “plainly restates the intent of the Packers and Stockyards Act” to provide individual farmers and ranchers with protection from the abuses by meatpackers. The rule would change the competitive injury that must be proven for a lawsuit to continue. USDA is seeking public comment on the competitive injury interim final rule through June 12.

Tuesday’s closing grain bids

June 6th, 2017

 

St Joseph

 

Yellow Corn

3.52

White Corn

no bid

Soybeans

8.91 – 8.93

LifeLine Foods

3.57

 

 

Atchison

Yellow Corn

3.52 – 3.57

Soybeans

8.88

Hard Wheat

3.68

Soft Wheat

 3.75

 

 

Kansas City Truck Bids

 

Yellow Corn

3.57 – 3.62

White Corn

3.59 – 3.68

Soybeans

9.04 – 9.09

Hard Wheat

4.03

Soft Wheat

4.03 – 4.08

Sorghum

6.11

For more information, contact the 680 KFEQ Farm Department.
816-233-8881.

U.S. Cattlemen’s Association heads to Washington

The United State’s Cattlemen’s Association will bring a delegation of producers to Washington D.C. this week to talk issues with legislators. States represented at the fly-in will include Arizona, Indiana, Kansas, Montana, Nevada, North Dakota, Ohio, South Dakota, and Texas. USCA President Kenny Graner says this is an opportunity for cattlemen to put a face on the issues being debated in D.C. “This year, we have a strong contingent of livestock haulers who will meet with staff at the Department of Transportation regarding the pending implementation of electronic log devices as well as concerns about the hours of service rule,” says Graner. USCA Vice President Bert Paris will speak with Interior Secretary Ryan Zinke and his staff on issues affecting public lands users across the west. Graner says, “Other issues producers will touch on include the ongoing discussions on animal ID and traceability, along with ongoing issues with Brazil, Chinese trade, and the upcoming NAFTA renegotiations.”

‘Pink Slime’ trial underway in South Dakota

It’s been roughly five years since ‘pink slime’ was a buzzword in the national media. A Reuters report says the Beef Processors, Incorporated, $5.7 billion defamation lawsuit against ABC television is underway this week in Elk Point, South Dakota. BPI claims ABC television, owned by the Walt Disney Company, and ABC reporter Jim Avila, defamed the company by calling its ground beef product ‘pink slime,’ while making errors and omitting other facts from the story. After the reports aired in 2012, BPI had to close three of its four processing plants while watching revenues drop 80 percent. Elk Point sits in Union County, where election records indicate Donald Trump won 67 percent of the presidential votes. Trump uses the term “fake news” to say that some media outlets can’t be trusted. BPI lawyers declined to say whether or not “fake news” would be part of their strategy. During a January pre-trial hearing, BPI lawyer Eric Connolly said ABC broadcast and online reports about lean finely textured beef, or LFTB, used unreliable sources and purposely set out to stir up public outrage. Connolly told the judge during the hearing that the ABC story amounted to “fake news.” BPI lawyers say ABC used the term ‘pink slime’ 137 times in their reports.

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