Nebraska Edition | October 31, 2019

MARKET GLANCE Livestock and Products, Weekly Average Year Ago 4 Wks Ago 10/18/19 Nebraska Slaughter Steers, 35-65% Choice, Live Weight..............* * * Nebraska Feeder Steers, Med. & Large Frame, 550-600 lb.......174.48 161.24 156.18 Nebraska Feeder Steers, Med. & Large Frame 750-800 lb ........160.45 152.97 150.88 Choice Boxed Beef, 600-750 lb. Carcass...................................205.74 218.75 217.93 Western Corn Belt Base Hog Price Carcass, Negotiated .............57.54 * * Pork Carcass Cutout, 185 lb. Carcass 51-52% Lean................... 77.17 68.10 76.74 Slaughter Lambs, wooled and shorn, 135-165 lb. National ........138.21 150.16 149.15 National Carcass Lamb Cutout FOB ..........................................381.31 392.70 403.37 Crops, Daily Spot Prices Year Ago 4 Wks Ago 10/18/19 Wheat, No. 1, H.W. Imperial, bu ................................................. 4.45 3.55 3.74 Corn, No. 2, Yellow Columbus, bu .............................................. 3.33 3.70 3.74 Soybeans, No. 1, Yellow Columbus, bu ........................................7.39 7.93 8.41 Grain Sorghum, No.2, Yellow Dorchester, cwt .............................5.27 5.68 6.02 Oats, No. 2, Heavy Minneapolis, Mn, bu......................................3.20 3.08 3.09 Feed Alfalfa, Large Square Bales, Good to Premium, RFV 160-185 Northeast Nebraska, ton ....................................* * * Alfalfa, Large Rounds, Good Platte Valley, ton...........................102.50 105.00 107.50 Grass Hay, Large Rounds, Good Nebraska, ton..........................87.50 105.00 95.00 Dried Distillers Grains, 10% Moisture Nebraska Average ...........137.50 141.00 147.50 Wet Distillers Grains, 65-70% Moisture Nebraska Average ........ 48.00 42.50 52.50 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 PRSRT STD U.S. Postage Paid Permit #36 OMAHA, NE POSTAL CUSTOMER NEBRASKA EDITION OCTOBER 31, 2019 VOL. 23 ISSUE 15 arm R R anch GATEWAY FARM EXPO 2019 ................................................................. B1-B16 COUNTRY LIVING Floor Plan....................................................... A2 HEARTLAND CATTLEMAN ................................................................... A7-A8 MARKETS ......................................................................... A9 CLASSIFIEDS ............................................................... A10-A11 Office of Governor Pete Ricketts LINCOLN — Like many Nebraskans, I’d like to see the United States and China make progress on an agreement to remove barriers to trade. It’s important for the negotiations to result in a fair deal that puts American farmers and manufacturers on a level playing field when doing business in China. Nebraska and China have shared an important trade relationship for many years. Over the years, China has been a major market for Nebraska’s agricultural products. In 2017, China purchased 46.9% of the soybeans exported from Nebraska and 81.6% of our sorghum exports. In addition, Chinese companies invest in our state. During my time in office, I have led two trade missions to China. I’ve also welcomed Chinese trade delegates here to Nebraska. While China has been a significant buyer of Nebraska ag products in the past, the country has been an inconsistent trade partner. From 2012 to 2018, China’s annual imports from Nebraska fell by over $1 billion. President Xi Jinping aspires for his country to be the world’s second superpower by 2049. To achieve this goal, his government—the People’s Republic of China (PRC)—has a coordinated plan to dominate ten high-tech industries. In recent years, the PRC has engaged in cyberattacks, intellectual property theft, and espionage all with the aim of gaining the upper hand over the U.S. The PRC has stolen everything from trade secrets to confidential military information to university research. In August, the U.S. Treasury Department declared that China’s government has also been manipulating currency values to gain an unfair A fair deal with China important trade relationship for many years Harvesting into the night at Muhlbach Farms south of Ravenna, NE on October 19, 2019. Photo by Morgan Muhlbach Continued on page A2

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