Nebraska Edition | August 8, 2019

PRSRT STD U.S. Postage Paid Permit #36 OMAHA, NE POSTAL CUSTOMER NEBRASKA EDITION AUGUST 8, 2019 VOL. 23 ISSUE 12 arm R R anch MARKET GLANCE Livestock and Products, Weekly Average Year Ago 4 Wks Ago 07/31/19 Nebraska Slaughter Steers, 35-65% Choice, Live Weight..............* * * Nebraska Feeder Steers, Med. & Large Frame, 550-600 lb....... 197.51 175.56 186.11 Nebraska Feeder Steers, Med. & Large Frame 750-800 lb ........162.56 145.77 158.10 Choice Boxed Beef, 600-750 lb. Carcass...................................204.83 219.55 213.09 Western Corn Belt Base Hog Price Carcass, Negotiated .............61.04 * * Pork Carcass Cutout, 185 lb. Carcass 51-52% Lean...................76.05 72.66 81.62 Slaughter Lambs, wooled and shorn, 135-165 lb. National ........ 147.93 156.37 159.56 National Carcass Lamb Cutout FOB .......................................... 376.18 392.1 395.06 Crops, Daily Spot Prices Year Ago 4 Wks Ago 07/31/19 Wheat, No. 1, H.W. Imperial, bu ................................................. 4.98 3.94 3.97 Corn, No. 2, Yellow Columbus, bu .............................................. 3.53 4.05 4.18 Soybeans, No. 1, Yellow Columbus, bu ....................................... 8.05 7.92 8.00 Grain Sorghum, No.2, Yellow Dorchester, cwt .............................5.49 6.34 6.55 Oats, No. 2, Heavy Minneapolis, Mn, bu..................................... 2.85 3.20 3.03 Feed Alfalfa, Large Square Bales, Good to Premium, RFV 160-185 Northeast Nebraska, ton ................................180.00 177.00 * Alfalfa, Large Rounds, Good Platte Valley, ton...........................110.00 * 115.00 Grass Hay, Large Rounds, Good Nebraska, ton.........................100.00 * 105.00 Dried Distillers Grains, 10% Moisture Nebraska Average ...........110.00 140.50 143.50 Wet Distillers Grains, 65-70% Moisture Nebraska Average .........37.00 48.50 38.00 For daily agriculture news, updates and local happenings, visit www.farmandranchnetwork.net Proud Supporters Of farmandranchnetwork.net Your source for ag news that affects Nebraska and the Plains region. F arm R anch NetworkServiceCo NEBRASKA STATE FAIR Concerts .........................................................3-6 Map ....................................................................7 Attractions.........................................................8 COUNTRY LIVING Floor Plan..........................................................2 COUNTY FAIR Brown County Fair .........................................12 Plattsmouth Harvest Festival ..........................9 LIVESTOCK NEWS Heartland Cattleman .................................15-16 MARKETS Grain, Hay & Cattle.........................................17 CLASSIFIEDS .....................................................................18-19 By Wes Peterson, Department of Agricultural Economics University of Nebraska-Lincoln Steven Pinker (2018, page 40) reports that “… large majorities in eleven developed countries said ‘the world is getting worse’ and in most of the last forty years a solid majority of Americans have said the country is ‘heading in the wrong direction.’” Recent polls conducted by the Pew Research Center show that Americans are pessimistic about the future (Gramlich, 2019) and that around the world many people are dissatisfied with the way democracy works in their countries (Wike et al., 2019). According to Twenge (2019), the level of happiness in the United States has been trending down for the past twenty years. Is all this gloom really justified? It is true that humanity faces grave challenges such as climate change and rising economic inequality and that basic human rights are violated every day in countries around the world. But if one steps back and takes a somewhat longer view of history, a case can be made that we’ve never had it so good. The data in Table 1 show that life expectancy at birth has more than doubled in many countries from between 25 and 40 years in 1800 to between 70 and 84 years in 2016. Increases in real (inflation-adjusted) per capita annual income have been even more dramatic rising from around $2,000 per person per year in 1820 in the United States and United Kingdom to $53,015 and $39,162 respectively in 2016. In Norway, real per capita income increased from $1,330 in 1820 to $76,397 in 2016 and real per capita income in South Korea is 75 times greater today than it was in 1820, 42 times greater than in 1920. Consider the following: • Female mortality rates for the world as a whole have fallen from 298 deaths per 1,000 women in 1960 to 121/1,000 in 2015. For men the mortality rate has fallen from 372/1,000 to 177/1,000. Childhood The World is in Better Shape than Most People Think Continues on page 2

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