POSTAL CUSTOMER
PRSRT STD U.S. Postage Paid Permit #36 OMAHA, NE
March 15, 2012 Issue 251-16-6
U.S. Free Trade Agreements Begin
Special Features College. . . . . . . . . . . . . . . . . . . . . . . . . . 8-9 FFA Chapters. . . . . . . . . . . . . 10-15, 18-23
Weather Al Dutcher . . . . . . . . . . . . . . . . . . . . . . . . 2
Country Living House Plan . . . . . . . . . . . . . . . . . . . . . . . 3 Recipes . . . . . . . . . . . . . . . . . . . . . . . . . . 5
The Lighter Side Lee Pitts . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Markets Grains. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Livestock . . . . . . . . . . . . . . . . . . . . . . . . 26
Government Report Government Report . . . . . . . . . . . . . . . . . 6
Ag Management Changes Approved for Republican Basin . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
By Robert Pore, The Grand Island Independent When the Korea Free Trade Agreement (FTA) takes effect March 15, there will be some long-term changes taking place that could have a positive impact for U.S. meat exports to Korea. Starting on March 15, duty reductions will begin on U.S. beef, and pork. According to U.S. Meat Export Federation economist Erin Borror, South Korea's 40 percent duty on imported beef will be phased
out over 15 years for imports from the United States. Beef imports into Korea currently pay a 40 percent duty. "Essentially that duty is reduced over the next 15 years," Borror said, "so immediately when the FTA is implemented in March that duty drops to 37.3 percent. "We basically see a reduction of 2.7 percent each year and duty-free zero by 2026," he added. "So you can imagine we'll see quite the benefit, especially when duties drop to around 15 percent and below by about 2020."
Borror said the U.S. also has a competitive advantage through the free trade agreement because Australia and New Zealand, who are the other major suppliers to Korea, do not currently have free trade agreements. He said Canada has always been a relatively small supplier, even prior to the BSE ban. "But as they come slowly back into that market, they will also face the full 40 percent duty," he said. Over the past year, Borror said, some imported pork products have
Livestock News Heartland Cattle . . . . . . . . . . . . . . . . . . 25
Production News Conservation Program Popular Among Producers. . . . . . . . . . . . . . . . . . . . . . . . . 16
Schedule of Events . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
Classifieds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28-31
Continued on page 24
New Labels to Provide Healthy Food Info for Consumers The Grand Island Independent Consumers now have convenient access to important nutritional information about the raw meat and poultry products they most frequently purchase, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) has announced. Under a new FSIS rule, packages of ground or chopped meat and poultry, such as hamburger or ground turkey, will now feature nutrition facts panels on their labels. Additionally, 40 of the most popular whole, raw cuts of meat and poultry, such as chicken breast or steak, will also have nutritional information either on the package labels or on display to consumers at the store. "Providing nutrition information on meat and poultry products in the store gives shoppers a For daily agriculture news, updates and local happenings, visit the Heartland Express website at www.myfarmandranch.com
clearer sense of the options available, allowing them to purchase items that are most appropriate for their families' needs," said Under-Secretary for Food Safety Dr. Elisabeth Hagen. "These new labels mark a significant step in the agency's efforts to help consumers make more informed food purchase decisions." The new nutrition facts panels will list the number of calories and the grams of total fat and saturated fat that a product contains. For example, consumers will be able to compare the calories and fat content for ground turkey versus ground beef, or for pork chops versus chicken breasts, right in the store. Additionally, a ground or chopped product that includes on its label a lean percentage statement, such as "85 percent lean," and is not considered "low in fat" also will list its fat percentage, making
it easier for consumers to understand the amounts of lean and fat content in a particular product. Consumers will no longer have to guess which products fit their diets. The Federal Register notice announcing this rule was published on Dec. 29, 2010 and can be found at federalregister.gov/a/2010-32485. To see examples of the types of labels consumers will now see, click here. Since 1993, FSIS has required nutrition labeling for products that are not raw or that contain multiple ingredients. FSIS is tasked with ensuring that its regulated products are labeled in a way that is truthful and not misleading. Consumers with questions about the new labels or other food safety issues can "Ask Karen," the Continued on page 24
MARKET GLANCE Livestock and Products, Weekly Average
Crops, Daily Spot Prices Year Ago 4 Wks Ago 3/2/12
Nebraska Slaughter Steer 35-65% Choice, Live Weight . . . . . . . . . . . . . . .$1112.78 Nebraska Feeder Steers, Med. & Large Frame, 550-600# . . . . . . . . . . . .151.00 Med & Large Frame, 750-800 # . . . . . . . . . . . . . . .128.00 Choice Boxed Beef, 600-750# Carcass . . . . . . . . . .172.67 Western Corn Belt Base Hog Price . . . . . . . . . . . . . .81.68 Feeder Pigs, National Direct, 50#, FOB . . . . . . . . . . . .* Pork Carcass Cutout, 185#, 51-52% Lean . . . . . . . . .91.19 Slaughter Lambs, Ch. & Pr.,Heavy, SD Dir. . . . . . . . .184.50 Nat. Carcass Lamb Cutout, FOB . . . . . . . . . . . . . . .370.64
123.95
129.25
184.46 156.82 183.34 85.93 * 84.88 148.25 383.49
186.96 169.96 198.51 86.92 * 85.10 * 374.35
Wheat, No. 1, H.W. Imperial, bu . . . . . . . . . . . . . . . . .7.44 Corn, No. 2, Yellow, Omaha, bu . . . . . . . . . . . . . . . . .6.84 Soybeans, No. 1 Yellow Omaha, bu . . . . . . . . . . . . . .13.62 Grain Sorg. No. 2 Yellow, Dorchester, cwt . . . . . . . . .11.46 Oats, No. 2, Heavy Minneapolis, MN, bu. . . . . . . . . . .3.83
6.40 * * 10.98 3.39
6.36 * * 11.25 3.35
Hay (per ton) Alfalfa, Lrg. Sq. Bales Good to Prem., NE Neb. . . . . .140.00 Alfalfa, Lrg. Rounds, Good, Platte Valley, . . . . . . . . .72.50 Grass Hay, Lrg. Rounds, Premium, Neb., . . . . . . . . . . .* Dried Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . .201.00 Wet Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .76.00 * No market.
250.00 225.00 145.00 145.00 100.00 100.00 196.00 215.25 75.00 75.50