Our News letter is published monthly
We at LFG would like to give a big THANK YOU to all our
customers who brought grain to us again this year. The soybean crop needed a rain in August.
I was surprised the soybean yields were this good.
The corn crop is fairly decent.
Most of you have some thoughts about our country and the
mess we are in. I too have thoughts
but don’t dare to put them in writing. Do
you think this mess could have been created just for the election?
We will have that answer shortly.
FROM THE GRAIN BIN: Those
farmers who are storing grain need to sign the delayed pricing contracts
better known as storage agreements. Looking
back, how well did you do marketing your crop this year?
Now we all know when soybeans went over $14 and corn went over $7 down
side price protection would have made you a lot of money this year.
Many farmers did have some grain forward contracted.
Looking back what happened?
This spring we had flooding across the Midwest, we had a very low dollar,
high energy prices, lots of speculator money, the market was worried we
couldn’t feed the world. Prices
maybe went a little too high.
What will grain prices do in the future?
Remember there is still grain contracted for January delivery.
Once all that grain is worked through the system we should have a good
rally into spring.
We were able to get the soybean crop in our bins.
This was the wettest beans we have ever received.
How much corn we will be able to take is a different story. We have a
small corn pile started; if it rains the corn pile will be done.
Once bin space is filled we will shut down and accept cash sales only as
space allows.
FROM THE FEED CORNER:
Kent Feeds has excellent products for weaning calves.
Energilass Ruma Booster tubs are a high energy, molasses based supplement
that contains yeast culture, which encourages consumption and helps fiber
digestion. It contains Thiamine and
other B vitamins, which are beneficial in high-stress cattle.
Kent rebound products are the best on the market.
We have a good price on the 10 gram CTC krum from ADM.
CLOSING THOUGHT:
November is the month of Thanksgiving.
Can you find something to be thankful for?
We are thankful that we have the opportunity to come to work each day and
to share the day with so many wonderful customers.
THE LFG TEAM
J & J FEEDS