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June 12, 2014 Volume 18 Issue 12
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Livestock Study
Pages 16-19
Car Care . . . . . . . . . . . . . . . . . . . . . 6 Rodeo . . . . . . . . . . . . . . . . . . . . . 8-9 Tractor Pull . . . . . . . . . . . . . . . . . 13 Weather ..............................2
Country Living House Plan. . . . . . . . . . . . . . . . . . . . 3 Recipes. . . . . . . . . . . . . . . . . . . . . . . . 5
The Lighter Side Lee Pitts . . . . . . . . . . . . . . . . . . . . . . 4
Norfolk Daily News LINCOLN — Nebraska's uniquely intertwined agricultural economy — although still the engine of the state's economy — may not be operating to its full potential, according to a new University of Nebraska-Lincoln report. What may be needed in order to do so is to see the state’s livestock industry expand, and the report outlines the potential impact of several expansion scenarios. “It is time to act," said the report’s authors. Primary authors were Bruce Johnson, professor emeritus in UNL's Department of Agricultural Economics, and Eric Thompson, UNL economics professor. The research was funded by the Nebraska Soybean Board and the Nebraska Corn Board.
Ronnie Green, vice president of the University of Nebraska, said the report is a key analysis of where the state's agricultural economy now stands and how it might be strengthened. "We know Nebraska is among the nation's leaders in many facets of crop and livestock production," Green said. "But we also know that it's no time to rest on our laurels either. We must plan for how best to strengthen and expand our bioeconomy, and this report outlines some reasonable options that would result in significant impacts in communities and households across our state." The report notes that the total value of Nebraska's agricultural production topped $25 million in 2012, ranking it fourth among states. The net valueadded of that production was $8.8
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billion, representing nearly 10 percent of Nebraska's total gross state product, the third-highest percentage among the 50 states. Key to Nebraska's agricultural economy is its combination of crop and livestock sectors and associated processing industries. "In what could be called the Nebraska advantage," the report says, "there is in place an interrelated system of crop, livestock and biofuel production capacity that is basically unmatched anywhere else in the nation." Perhaps nothing represents this interrelation more than the development of corn-based ethanol, which not only produces fuel but also distillers grains, the report notes. Continued on page 14
Markets Grain/Livestock. . . . . . . . . . . . . . . . 12
Government Report Government Report . . . . . . . . . . . . . 7
Ag Management Farmland Prices Defy Forecasts, Hold Steady . . . . . . . . . . . . . . . . . . . . . . .13
Livestock News Heartland Cattleman . . . . . . . . . . . 11
Production News USDA Orders Mandatory PEDV Reporting for U.S. Pork Producers . . 14
Schedule of Events . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
MARKET GLANCE Livestock and Products, Weekly Average
Crops, Daily Spot Prices Year Ago 4 Wks Ago 5/23/14
Nebraska Slaughter Steer 35-65% Choice, Live Weight . . . . . . . . . . . . . . .$125.32 146.67 Nebraska Feeder Steers, Med. & Large Frame, 550-600# . . . . . . . . . . . .162.57 * Med & Large Frame, 750-800 # . . . . . . . . . . . . . . .142.00 * Choice Boxed Beef, 600-750# Carcass . . . . . . . . . .210.47 231.91 Western Corn Belt Base Hog Price . . . . . . . . . . . . . .90.00 115.42 Feeder Pigs, National Direct, 50#, FOB . . . . . . . . . . . .* * Pork Carcass Cutout, 185#, 51-52% Lean . . . . . . . .93.39 116.27 Slaughter Lambs, Ch. & Pr.,Heavy, SD Dir. . . . . . . . .104.75 146.00 Nat. Carcass Lamb Cutout, FOB . . . . . . . . . . . . . . .285.60 374.46
144.53 254.33 191.47 230.48 107.90 * 113.89 147.50 364.24
Wheat, No. 1, H.W. Imperial, bu . . . . . . . . . . . . . . . . .7.03 Corn, No. 2, Yellow, Omaha, bu . . . . . . . . . . . . . . . . .7.02 Soybeans, No. 1 Yellow Omaha, bu . . . . . . . . . . . . . .14.61 Grain Sorg. No. 2 Yellow, Dorchester, cwt . . . . . . . . .12.27 Oats, No. 2, Heavy Minneapolis, MN, bu. . . . . . . . . . .3.85
7.11 4.85 14.78 8.52 4.48
6.75 4.60 15.21 7.91 3.95
Hay (per ton) Alfalfa, Lrg. Sq. Bales Good to Prem., NE Neb. . . . . . . .* Alfalfa, Lrg. Rounds, Good, Platte Valley, . . . . . . . .225.00 Grass Hay, Lrg. Rounds, Premium, Neb., . . . . . . . . . . .* Dried Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . .220.50 Wet Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .90.50 * No market.
190.00 160.00 115.00 120.00 102.50 105.00 235.00 204.50 68.00 62.50
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