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Friday, February 19,2010

CME creates DDGs futures contract

by DTN
CME Group Inc. will launch futures contracts for distillers dried grains (DDGs), a byproduct of corn ethanol production that can be used to feed animals, the exchange operator said last week. Trading in the DDGs con- tracts will start on April 26.

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Friday, February 19,2010

BEEF bits

by WLJ
Strong performances by Oscar Mayer products helped Kraft Foods Inc. more than triple earnings in the companys fourth fiscal quarter, according to the companys release last week. Kraft said that its U.S.

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Friday, February 19,2010

Three associations receive scholarship grants from AgriLabs

by WLJ
AgriLabs is awarding scholarship grants totaling $1,500 to three state associations as part of its booth promotion at the recent National Cattlemans Beef Association (NCBA) Convention in San Antonio, TX.

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Friday, February 19,2010

Feed problems contribute to tightening pork supplies

by DTN
Hog farmers, on the front lines of the $16 billion U.S. hog industry, have struggled with low prices for two years. Higher feed costs due to problems with the corn crop could cause a reduction in the amount of pork on the market due to both a drop in profitability and the slower hog growth rates.

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Friday, February 19,2010

NRCS sets aside money for organics

by WLJ
USDAs Natural Resources Conservation Service (NRCS) recently announced that in fiscal year 2010, $50 million has been set aside for organic producers and those transitioning to organic production nationwide. Of that $50 million, $1.

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Friday, February 19,2010

Budget may force changes to some farm bill programs

by DTN
House Agriculture Chairman Collin Peterson said last Monday he believes the next Congress may have to take up a reconciliation bill that could include a rewrite of the farm program.

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Friday, February 19,2010

EPA greenhouse gas accounting is flawed and inaccurate, Cornell experts say

by WLJ
A recent Environmental Protection Agency (EPA) announcement that corn-based ethanol achieves a 21 percent greenhouse gas reduction compared to gasoline is based on false accounting assumptions and could actually lead to more fossil fuel consumption, according to Cornell University economists whose research will be released in March in the journal.

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Friday, February 19,2010

Deere earnings higher than expected

by DTN
Profitability in the unit that makes Deeres green tractors and harvesters was especially impressive, reporting margins of nearly 10 percentthree times what investors had expected, according to Eli Lustgarten, an analyst at Longbow Securities..

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Friday, February 19,2010

Herring elected president of CattleFax; Ferguson to serve as president-elect

by WLJ
James Herring of Amarillo, TX, has been elected as the new president of CattleFax, a memberowned and member-directed cattle market information and research organization. Jon Ferguson of Kensington, KS, is the new president-elect.

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Friday, February 19,2010

Cattle need regular water supply

by WLJ
Recent snow and ice storms and power outages have been brutal for livestock and livestock producers. Those conditions have kept livestock from getting enough drinking water. Beef cattle, for example, need 8 to 10 gallons per day.

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