http://www.agnet.net/pub_pages/HE_102810

Page 1

POSTAL CUSTOMER

PRSRT STD U.S. Postage Paid Permit #36 OMAHA, NE

October 28, 2010 Issue 238-14-22

Special Features

Cattle Industry Has Bright Long-Term Outlook

. . . . . . . . . . . . . 7-11, 13-16 FFA District 3 . . . . . . . . . . . . . . . . . . 17-18 FFA District 6 . . . . . . . . . . . . . . . . . . 19-22 FFA District 10 . . . . . . . . . . . 22-23, 26-27 Ak-Sar-Ben Results . . . . . . . . . . . . . 28-29

Weather Al Dutcher . . . . . . . . . . . . . . . . . . . . . . . . 2

Country Living House Plan . . . . . . . . . . . . . . . . . . . . . . . . 3 Recipes . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

The Lighter Side Lee Pitts . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Markets Grains . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Livestock . . . . . . . . . . . . . . . . . . . . . . . . 25

Government Report Government Report . . . . . . . . . . . . . . . . . 6

Ag Management Federal Scientists Find Ethanol Doesn’t Impace Land Use . . . . . . . . . 11

Livestock News "The cattle industry is ready to set records for high prices this year and next, said Purdue University Extension economist Chris Hurt. "Although this is positive news for finished cattle prices, calves and feeder cattle still face the pricedepressing burden of high feed costs. In the longer run, current high feed prices will keep the industry in a liquidation phase, and smaller beef supplies in coming years will be pos-

itive for returns for years to come," Hurt said. The cattle industry continues to adjust to high feed prices not only from the last three years, but also from the most recent increases in corn, distillers, and soybean meal costs. The longer-term adjustments continue to play out in the reduction of cow numbers, he said. "The most recent surge in feed prices will likely keep producers

For daily agriculture news, updates and local happenings, visit the Heartland Express website at www.myfarmandranch.com

from expanding until feed prices moderate. That will not be until the 2011 U.S. crops are assured, which is still at least 10 months away. This means cow numbers will not likely expand until 2012 and that beef supplies will not start to grow until 2014," Hurt said.

Livestock and Products, Weekly Average

Schedule of Events . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31-34

Crops, Daily Spot Prices Year Ago 4 Wks Ago 10/15/10

97.68

95.36

124.00 113.35 158.15 80.30 * 91.34 139.00 327.61

120.85 114.79 153.18 64.00 * 81.96 142.50 336.98

Diesel Radiant Heaters

“Defender” Protection Bumpers

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The Biomass Crop Assistance Program - Final Rule Provisions . . 10

MARKET GLANCE

Waste Oil Heaters

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Production News

Classifieds Continued on page 13

Nebraska Slaughter Steer 35-65% Choice, Live Weight . . . . . . . . . . . . . . . .$82.14 Nebraska Feeder Steers, Med. & Large Frame, 550-600# . . . . . . . . . . . .99.39 Med & Large Frame, 750-800 # . . . . . . . . . . . . . . . .97.15 Choice Boxed Beef, 600-750# Carcass . . . . . . . . . .135.29 Western Corn Belt Base Hog Price . . . . . . . . . . . . . .49.61 Feeder Pigs, National Direct, 50#, FOB . . . . . . . . . . . .* Pork Carcass Cutout, 185#, 51-52% Lean . . . . . . . .55.35 Slaughter Lambs, Ch. & Pr.,Heavy, SD Dir. . . . . . . . .91.50 Nat. Carcass Lamb Cutout, FOB . . . . . . . . . . . . . . .244.07

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Heartland Cattle . . . . . . . . . . . . . . . . . . 24

Wheat, No. 1, H.W. Imperial, bu . . . . . . . . . . . . . . . . .4.06 Corn, No. 2, Yellow, Omaha, bu . . . . . . . . . . . . . . . . .3.54 Soybeans, No. 1 Yellow Omaha, bu . . . . . . . . . . . . . .9.57 Grain Sorg. No. 2 Yellow, Dorchester, cwt . . . . . . . . .5.57 Oats, No. 2, Heavy Minneapolis, MN, bu. . . . . . . . . . .2.36

5.95 4.59 10.49 8.13 3.26

5.76 5.10 11.08 8.89 3.65

152.50 72.50 * 124.00 41.50

* 75.00 * 144.00 50.75

Hay (per ton) Alfalfa, Lrg. Sq. Bales Good to Prem., NE Neb. . . . . . . .* Alfalfa, Lrg. Rounds, Good, Platte Valley, . . . . . . . . .82.50 Grass Hay, Lrg. Rounds, Premium, Neb., . . . . . . . . . . .* Dried Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . .112.50 Wet Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .39.00 * No market.

Pressure Washers

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SALES • SERVICE • PARTS • FINANCING

Jim Zoucha

1-800-846-5157 See us at the Gateway Farm Expo Ag Pavilion #43 and at the McCook Farm Show at the Cappel Sales Booth

Cell: 402-340-0199 aiequipment@hotmail.com agwashers.com • agheaters.com • agcoolers.com 45024


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