DL News Staff
I have a list of Murphy's Law for Commodity Traders, and one of my favorite laws is "When the market is wrong, it doesn't pay to be right." This law just seems to hit the nail on the head for many farmers. We sit down in the marketing group, we look at the fundamentals, we look at the technicals, we determine which direction prices should move, and then it does the opposite. One plus one does not always equal two when it comes to commodity trading.
ST. PAUL -- The U.S. Department of Agriculture has downgraded Minnesota's bovine tuberculosis rating. Last week, a fifth bovine TB infected herd, this one in Beltrami County, was depopulated after approval of federal indemnity funding. To date, the USDA has paid for the depopulation of almost 4000 head of cattle from the state's five infected herds. Federal funds have also paid for the removal of 180 exposed cattle. Minnesota Board of Animal Health executive director and state veterinarian Dr.
WASHINGTON, DC -- A new study to be published in the journal Science Jan. 27 reports that ethanol yields more energy that it takes produce. The study is by Professors Daniel Kammen and Alex Farrell, and their associates at University of California-Berkeley's Energy and Resources Group and the Goldman School of Public Policy. It also determined that ethanol decreases dangerous greenhouse gas emissions. The study sought to analyze the conflicting reports that exist about the energy balance of ethanol.
Producers growing wheat, barley or oats may want to consider obtaining "The Small Grains Field Guide." "Growing wheat, barley or oats profitably is like piecing together a challenging puzzle," says Joel Ransom, North Dakota State University associate professor of agronomy and one of the editors of the publication. "Variety selection, proper fertilization, good weed control and the ability to identify and eliminate yield-robbing diseases and pests are all pieces of this puzzle.
U.S. Sen. Mark Dayton (D-Minn.) has secured $800,000 for three cattle ranchers in Beltrami County who were promised compensation from the U.S. Department of Agriculture but had not received it after more than a month of delays. When the ranchers, joint owners of a large herd recently diagnosed with tuberculosis, learned of their cattle's disease, they immediately reported it to the USDA's Animal and Plant Health Inspection Service as mandated by the department. However, the USDA failed to compensate the ranchers.
WASHINGTON, D.C. -- U.S. House Agriculture Committee chairman Rep. Bob Goodlatte (R-Va.) and ranking minority member Rep. Collin Peterson (D-Minn.) announced the first two full-Committee field hearings to begin reviewing the 2002 Farm Program. The program is set to expire in 2007. The field hearings are part of a series of hearings the committee will convene in the coming year. The first hearing will be held Monday, Feb. 6, in Fayetteville, N.C., followed by a hearing on Tuesday, Feb.
A national animal livestock identification program may be in jeopardy. Because of the political climate in Washington, D.C., implementation of the program was shoved to 2009. Now, it appears the U.S.
The University of Minnesota Extension Service will conduct the 2006 Minnesota Beef Cow/Calf Days Feb.13-17 in Northern Minnesota. These programs are designed to provide current up-to-date information on issues in the beef industry, on-going research applicable to any cow/calf management system, technologies being used within the beef industry and to create an atmosphere filled with thoughts, experiences and discussions. The two locations for Cow/ Calf Days in this part of the state are: Feb. 14 in Staples, 9:30 a.m.-3 p.m., (contact Brad Irwin, 218-927-7321) and Feb.
The Minnesota Soybean Research and Promotion Council is conducting a referendum to ask growers if they wish to replace their national check-off with a Minnesota check-off. If the national program is discontinued, the state council is proposing a check-off in the same amount now charged under the national program, which is one-half of 1 percent. Soybean growers may cast their ballot at one of a number of locations, including Friday, Feb. 17, 8:30 a.m.-3 p.m. Broadway Ballroom, 115 - 30th Ave E, Alexandria; and Friday, Feb. 17, 8 a.m.-3 p.m. Northland Inn, Hwy 2 & 75 N, Crookston.
The following are daily future price settlements on near-contracts for grain, livestock and dairy commodities for the week of Jan. 27-Feb.