Michael's Feed
Nov 5, 2013

US ethanol plants reopen as record corn harvest boosts margins

CHICAGO, Nov 4 (Reuters) – U.S. ethanol plants that have
been shut for as many as five years are now coming back online
as a record U.S. harvest has pushed down corn prices and
improved profit margins for makers of the biofuel.

Agribusiness giant Cargill Inc on Monday said it
restarted a plant in Fort Dodge, Iowa, that the company
purchased in 2011 from corn processor Tate & Lyle.

Nov 4, 2013

Indiana ethanol plant to restart after being idle a year

Nov 4 (Reuters) – Indiana’s oldest ethanol plant will soon
restart under the new ownership of Noble Group Ltd
after the facility was idled for more than a year, local
officials said on Monday.

The 30-year-old plant in South Bend, in the northern part of
the state, was shut down last year when the former owners, New
Energy Corp, filed for bankruptcy.

Nov 2, 2013

Pig virus squeezes Hillshire profits; sausage prices to increase

CHICAGO (Reuters) – Hillshire Brands Co (HSH.N: Quote, Profile, Research, Stock Buzz) said this week that cases of a virus deadly to baby piglets were growing and the company was increasing meat prices to combat rising commodity costs tied to the disease.

The Chicago-based maker of Jimmy Dean sausages and Ball Park hot dogs was one of the first companies to state publicly that the porcine epidemic diarrhea virus, or PEDv, was hurting its bottom line – and it will not be the last, analysts said.

Oct 28, 2013

Corn, soy tumble on accelerating harvest of big US crops

CHICAGO, Oct 28 (Reuters) – U.S. corn and soybeans were
headed for their largest losses in about a month on Monday after
dry conditions over the weekend allowed farmers to catch up on
harvesting big U.S. crops.

Wheat eased for a third straight session at the Chicago
Board of Trade, pressured by declines in corn and showers in the
U.S. Plains that improved soil moisture for winter wheat
planting.

Oct 17, 2013

Donations, prisoners aid cities, ranchers after South Dakota blizzard

By Michael Hirtzer

(Reuters) – Donations of money and some cattle have been rolling in for South Dakota ranchers after a blizzard last week killed tens of thousands of cattle in one of the state’s worst agriculture tragedies, state officials said on Thursday.

Dozens of minimum-security prison inmates were aiding the clean-up effort, gathering debris in three towns in the western part of the state hit by record snowfall that felled trees and knocked out power lines.

Oct 15, 2013

Oklahoma cattle auction keeps selling despite USDA shutdown

By Michael Hirtzer

(Reuters) – One of the nation’s largest and oldest cattle auctions was not going let the shutdown of the U.S. government affect operations, so it now reports sales privately via the Internet to ensure its benchmark prices get out.

Typically the U.S. Agriculture Department would distribute the prices for the thousands of calves and yearlings that are bought and sold there each week. But with the government shut down, the owners adopted an alternative price outlet.

Oct 11, 2013

Foster Farms poultry plants remain open despite outcry

By Michael Hirtzer

(Reuters) – Three poultry plants in California that were the source of a Salmonella outbreak that has sickened hundreds of people in 20 states will continue to operate despite demands by lawmakers and consumer advocate groups that they be shut down.

Foster Farms’ plants in Fresno and Livingston will remain open after the poultry company implemented new “food safety controls over the last two months,” Ron Foster, president and chief executive officer of the privately held California-based company, said in a statement.

Oct 8, 2013

Long-idled Ohio ethanol plant to restart next week

By Michael Hirtzer

(Reuters) – A central Ohio ethanol plant that has been idled for nearly five years will restart next week and produce up to 50 million gallons (189 million liters) of the fuel additive per year, said Jim Galvin, president of plant owner Three Rivers Energy.

Three Rivers Energy purchased the former Coshocton Ethanol Plant for $27 million out of foreclosure in 2012 but delayed restarting the plant until harvest of this year’s record-large U.S. corn crop, Galvin said.

Oct 8, 2013

Record blizzard kills South Dakota cattle, government shutdown will slow aid

By Michael Hirtzer

(Reuters) – Disaster aid will be slow to come for South Dakota ranchers who lost as many as 60,000 head of cattle during an historic blizzard over the weekend, industry officials said on Tuesday.

Cattle died of hypothermia or suffocated under snowdrifts after a “perfect storm” brought rain, then record snowfall and strong winds to the portion of the state west of the Missouri River, said Silvia Christen, executive director of the South Dakota Stockgrowers Association.

Oct 8, 2013

Record blizzard kills S. Dakota cattle, gov’t shutdown will slow aid

Oct 8 (Reuters) – Disaster aid will be slow to come for
South Dakota ranchers who lost as many as 60,000 head of cattle
during an historic blizzard over the weekend, industry officials
said on Tuesday.

Cattle died of hypothermia or suffocated under snowdrifts
after a “perfect storm” brought rain, then record snowfall and
strong winds to the portion of the state west of the Missouri
River, said Silvia Christen, executive director of the South
Dakota Stockgrowers Association.