Nebraska Edition | April 30, 2020

PRSRT STD U.S. Postage Paid Permit #36 OMAHA, NE POSTAL CUSTOMER NEBRASKA EDITION April 30, 2020 Vol. 24 Issue 7 arm R anch MARKET GLANCE Livestock and Products, Weekly Average Year Ago 4 Wks Ago 4/24/20 Nebraska Slaughter Steers, 35-65% Choice, Live Weight..............* * * Nebraska Feeder Steers, Med. & Large Frame, 550-600 lb.......183.34 166.36 160.88 Nebraska Feeder Steers, Med. & Large Frame 750-800 lb.........155.53 139.67 160.01 Choice Boxed Beef, 600-750 lb. Carcass...................................233.49 255.07 211.50 Western Corn Belt Base Hog Price Carcass, Negotiated............. 80.53 * * Pork Carcass Cutout, 185 lb. Carcass 51-52% Lean...................84.19 75.76 75.28 Slaughter Lambs, wooled and shorn, 135-165 lb. National.........152.78 162.63 162.25 National Carcass Lamb Cutout FOB...........................................386.15 433.70 405.60 Crops, Daily Spot Prices Year Ago 4 Wks Ago 4/24/20 Wheat, No. 1, H.W. Imperial, bu.................................................. 3.65 4.44 4.28 Corn, No. 2, Yellow Columbus, bu............................................... 3.44 3.04 2.76 Soybeans, No. 1, Yellow Columbus, bu.........................................7.52 8.19 7.66 Grain Sorghum, No.2, Yellow Dorchester, cwt..............................5.30 5.38 5.64 Oats, No. 2, Heavy Minneapolis, Mn, bu......................................3.25 2.96 3.02 Feed Alfalfa, Large Square Bales, Good to Premium, RFV 160-185 Northeast Nebraska, ton.....................................* * * Alfalfa, Large Rounds, Good Platte Valley, ton...........................115.00 90.00 90.00 Grass Hay, Large Rounds, Good Nebraska, ton..........................87.50 85.00 85.00 Dried Distillers Grains, 10% Moisture Nebraska Average............123.50 198.00 193.33 Wet Distillers Grains, 65-70% Moisture Nebraska Average......... 45.00 54.37 56.65 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 markets Grain, Hay & Cattle...........................................2 COUNTRY LIVING Floor Plan..........................................................3 FFA Chase, Dundy, Frontier, Hayes, Hitchcock, Keith, Lincoln, Perkins, Red Willow...........4-10 Heartland Cattleman ..........................................................................12 classifieds .....................................................................13-15 Groups make cattle market investigation, funds for farmers ‘top priority’ By Janelle Atyeo, Lee BHM News Service The U.S. beef industry is set to lose $13.6 billion as a result of COVID-19, according to estimates from a study released April 15. Live and feeder prices have been especially volatile since the spread of coronavirus picked up pace across the country. Live cattle prices on NASDAQ dropped from $108.45 to $83.82 in a span of 12 days. The cow-calf sector is expected to be hardest hit, according to the report, which was prepared by Oklahoma State University Extension and funded by the National Cattlemen’s Beef Association. “Cow-calf producers are left highly exposed to the downward spiral of cattle prices in the wake of the expanding COVID-19 health emergency,” analysts wrote. As they watch the markets, producers have been calling out the discrepancies in the price meat packing companies are paying for cattle and the price of boxed beef. It’s prompted several industry organizations and delegates in Washington, D.C., to push for an investigation into possible market manipulation. Packers were already under scrutiny for the swing in cattle prices that occurred last summer following a fire that shut down a large packing plant in Holcomb, Kansas. The U.S. Department of Agriculture announced April 8 that the Packers and Stockyards Division would be expanding its investigation to include coronavirus impacts on the market. It’s a concern that four large packing companies process more than 80% of U.S. beef, said Sen. John Thune, R-S.D. He sent a letter April 9 to the U.S. Department of Justice urging the Antitrust Division investigate anticompetitive activities in the beef industry. “The integrity of the cattle market is in question, and we want to see what’s going on,” Thune said. He’s also pushed for USDA to release a report from the Holcomb fire investigation. He’s been told they Continued on page 3

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