POSTAL CUSTOMER
PRSRT STD U.S. Postage Paid Permit #36 OMAHA, NE
May 12, 2011 Issue 243-15-10
Reports Say Ethanol Helping Save Money
Special Features Nebraskaland Days . . . . . . . . . . . . . . 8-13 Beef Month. . . . . . . . . . . . . . . . . . . . . . . 16 Irrigation . . . . . . . . . . . . . . . . . . . . . . . . 18
Weather Al Dutcher . . . . . . . . . . . . . . . . . . . . . . . . 2
Country Living House Plan . . . . . . . . . . . . . . . . . . . . . . . . 3 Quilt Pattern . . . . . . . . . . . . . . . . . . . . . . 5
The Lighter Side Lee Pitts . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Markets Grains . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Livestock . . . . . . . . . . . . . . . . . . . . . . . . 22
Government Report Government Report . . . . . . . . . . . . . . . . . 6
Ag Management USDA Announces Project to Encourage Development of Next Generation Biofuels. . . . . . . . . . . . . . 12
Livestock News Heartland Cattle . . . . . . . . . . . . . . . . . . 21
Production News
The sun rises over the Verasun Ethanol plant near Central City. Scott Kingsley - Grand Island Independent By Robert Pore, The Grand Island Independent Nebraska drivers last year saved $41.9 million in fuel cost by using a 10 percent ethanol blend in their fuel, according to the Nebraska Ethanol Board. According to Steve Sorum, ethanol project manager for the Nebraska Ethanol Board, Nebraska drivers used 644.7 million gallons of fuel containing the 10 percent ethanol mix, compared to 205.4 million gallons of regular gasoline without ethanol mixed in. With an average of a 6.5 cent spread between the ethanol blended fuel and regular gasoline, Sorum said the cost savings to consumers and the state's economy averaged $114,800 per day due to consumers purchasing the E-10 blend. Nebraska has 25 ethanol plants in operation that produce more than 2 billion gallons of ethanol annually, though state motorists only consumed about 65 million gallons of ethanol through E-10 purchases.
There are nearly 100,000 flexfuel vehicles on the road in Nebraska that can burn a mix of 85 percent ethanol and 15 percent regular gasoline, but there are 63 gas stations that have E85 pumps. All vehicles on the road can safely use E-10. The U.S. Environmental Protection Agency will later this year allow gas stations to sell a 15 percent ethanol blend to vehicles manufactured after 2001. On Friday, the Nebraska AAA reported that the average price for a gallon of regular gas in Grand Island was $3.982, up 30 cents per gallon from a month earlier and more than a dollar from a year earlier. But that price of gas could be coming down as on Thursday oil prices collapsed, falling 10 percent or more to as low as $95 per barrel on Friday before trending upward. As gasoline prices started heading up earlier this year, more Nebraska consumers began purchasing gasoline with 10 percent or more ethanol. In January, Nebraska drivers' ethanol-blended fuel purchases
Research Deals With Crops and Environmental Stress . . . . . . . . . . . . 19
were at 82 percent, saving the economy about $345,000 daily. And, a new study published by the Iowa State University Center for Agricultural and Rural Development has found that the past decade of growth in ethanol production has reduced gasoline prices by an average of $0.25 per gallon. The study found that the Midwest region experienced the biggest impact, with a $0.39 per gallon reduction in gas prices. The study also found that gas prices would jump from 41 percent to 92 percent if domestic ethanol production was immediately stopped. Gas prices have jumped nearly 30 cents per gallon in the past month alone, but without the U.S. ethanol supply, gas could have increased by more than $1 per gallon in the Midwest region. "Drivers already know that you save money by buying ethanol fuels," said Todd Sneller, Nebraska Ethanol Board administrator. "But ethanol is saving consumers even more money by lowering the price of gasoline."
Schedule of Events . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
Classifieds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24-27
Platte Basin Snowpack, Flooding Potential Keep Growing By Lori Potter, The Kearney Hub Rocky Mountain snowpacks keep rising in the Platte Basin along with the potential for late spring flooding. Central Nebraska Public Power and Irrigation District General Manager Don Kraus of Holdrege told Tri-Basin Natural Resources District directors Tuesday that the upper North Platte Basin is at 181 percent of normal, the lower part is at 142 percent and the South Platte Basin now is at 150 percent.
Continued on page 12 For daily agriculture news, updates and local happenings, visit the Heartland Express website at www.myfarmandranch.com
Continued on page 20
MARKET GLANCE Livestock and Products, Weekly Average
Crops, Daily Spot Prices Year Ago 4 Wks Ago 4/29/11
Nebraska Slaughter Steer 35-65% Choice, Live Weight . . . . . . . . . . . . . . .$98.59 Nebraska Feeder Steers, Med. & Large Frame, 550-600# . . . . . . . . . . . .134.61 Med & Large Frame, 750-800 # . . . . . . . . . . . . . . . .114.14 Choice Boxed Beef, 600-750# Carcass . . . . . . . . . .170.08 Western Corn Belt Base Hog Price . . . . . . . . . . . . . .82.69 Feeder Pigs, National Direct, 50#, FOB . . . . . . . . . . . .* Pork Carcass Cutout, 185#, 51-52% Lean . . . . . . . .89.97 Slaughter Lambs, Ch. & Pr.,Heavy, SD Dir. . . . . . . . . . .* Nat. Carcass Lamb Cutout, FOB . . . . . . . . . . . . . . .295.78
124.55
116.78
160.08 157.75 138.37 134.25 188.06 184.56 88.22 91.80 * * 94.35 93.39 202.75 190.00 397.50 406.63
Wheat, No. 1, H.W. Imperial, bu . . . . . . . . . . . . . . . . .3.90 Corn, No. 2, Yellow, Omaha, bu . . . . . . . . . . . . . . . . .3.60 Soybeans, No. 1 Yellow Omaha, bu . . . . . . . . . . . . . .9.82 Grain Sorg. No. 2 Yellow, Dorchester, cwt . . . . . . . . .5.70 Oats, No. 2, Heavy Minneapolis, MN, bu. . . . . . . . . . .2.05
7.60 7.12 13.69 11.80 3.75
7.75 7.43 13.98 12.00 3.24
140.00 72.50 * 213.50 75.50
140.00 72.50 * 217.00 78.50
Hay (per ton) Alfalfa, Lrg. Sq. Bales Good to Prem., NE Neb. . . . . .135.00 Alfalfa, Lrg. Rounds, Good, Platte Valley, . . . . . . . . .92.50 Grass Hay, Lrg. Rounds, Premium, Neb., . . . . . . . . . . .* Dried Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . .107.00 Wet Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .36.00 * No market.