Nebraska Archives - Morning Ag Clips https://www.morningagclips.com/category/nebraska/ America's #1 Ag News Source Fri, 27 Dec 2024 22:35:47 +0000 en-US hourly 1 https://www.morningagclips.com/wp-content/uploads/2024/02/cropped-MAc-Logo1-1-32x32.png Nebraska Archives - Morning Ag Clips https://www.morningagclips.com/category/nebraska/ 32 32 Lindsay Corporation Announces First Quarter Fiscal 2025 Earnings Conference Call and Webcast https://www.morningagclips.com/lindsay-corporation-announces-first-quarter-fiscal-2025-earnings-conference-call-and-webcast/ Fri, 27 Dec 2024 21:43:54 +0000 https://www.morningagclips.com/?p=657606 OMAHA, Neb.– Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology announced it plans to release financial results for its fiscal 2025 first quarter ended November 30, 2024 before the market opens on Tuesday, January 7, 2025. Management, including Randy Wood, President and Chief Executive Officer, and […]

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OMAHA, Neb.– Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology announced it plans to release financial results for its fiscal 2025 first quarter ended November 30, 2024 before the market opens on Tuesday, January 7, 2025. Management, including Randy Wood, President and Chief Executive Officer, and Brian Ketcham, Senior Vice President and Chief Financial Officer, will host a conference call to discuss the results the same day at 11:00 a.m. ET.

Interested investors may pre-register for the teleconference at the following link: https://dpregister.com/sreg/10195074/fe1cb11a58. Registered participants will receive an email with a calendar reminder, dial-in number and PIN that allows immediate access to the call on January 7, 2025.

Participants who do not wish to pre-register may dial (833) 535-2202 (U.S.), (412) 902-6745 (international), or (866) 605-3852 (Canada) and request the Lindsay Corporation call. Additionally, the conference call will be simulcast live online and can be accessed via the investor relations section of the Company’s website, www.lindsay.com. Replays of the conference call will remain available on the Company’s website until the next quarterly earnings release. The Company will have a slide presentation available to supplement management’s formal presentation, which will also be accessible via the Company’s website.

About Lindsay Corporation

Lindsay Corporation (NYSE: LNN) is a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology. Established in 1955, the company has been at the forefront of research and development of innovative solutions to meet the food, fuel, fiber and transportation needs of the world’s rapidly growing population. The Lindsay family of irrigation brands includes Zimmatic™ center pivot and lateral move agricultural irrigation systems, FieldNET™ and FieldWise™ remote irrigation management technology, FieldNET Advisor™ irrigation scheduling technology, and industrial IoT solutions. Also a global leader in the transportation industry, Lindsay Transportation Solutions manufactures equipment to improve road safety and keep traffic moving on the world’s roads, bridges and tunnels, through the Barrier Systems™, Road Zipper™ and Snoline™ brands. For more information about Lindsay Corporation, visit www.lindsay.com.

BUSINESS WIRE

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Jones Named Nebraska Farm Bureau’s Achievement Award Winner https://www.morningagclips.com/jones-named-nebraska-farm-bureaus-achievement-award-winner/ Fri, 27 Dec 2024 10:57:35 +0000 https://www.morningagclips.com/?p=657570 KEARNEY, Neb. – Grant Jones was named recipient of the 2024 Young Farmers and Ranchers (YF&R) Achievement in Agriculture Award. The award was announced Dec. 10 at the Member Appreciation luncheon during Nebraska Farm Bureau’s (NEFB) 107th Annual Meeting and Convention in Kearney. Jones is a Chase County Farm Bureau member and was selected based […]

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KEARNEY, Neb. – Grant Jones was named recipient of the 2024 Young Farmers and Ranchers (YF&R) Achievement in Agriculture Award. The award was announced Dec. 10 at the Member Appreciation luncheon during Nebraska Farm Bureau’s (NEFB) 107th Annual Meeting and Convention in Kearney.

Jones is a Chase County Farm Bureau member and was selected based on performance in farm or ranch management, setting and achieving goals, overcoming obstacles, and service to his community and Farm Bureau.

As the fourth generation on his family’s operation, Jones always knew he belonged on the ranch. After graduating in 2014 from the University of Nebraska–Lincoln with his bachelor’s degree in animal science, Jones returned home to find his place on the operation. Jones, alongside his parents, owns and operates Chundy Land and Cattle and Chundy Aquaculture.

From cows to row crops to shrimp, Jones saw immense opportunity in diversification. Today, Chundy Land and Cattle encompasses a registered SimAngus seedstock herd, a backgrounding lot, custom grazing, hay, and a row crop operation. Chundy Aquaculture is a direct-to-consumer shrimp farm.

Jones serves as the Southwest Region YF&R committee member and is an active Chase County Farm Bureau board member. Jones serves on NEFB’s State Legislative Policy Committee (SLPC). Outside of his extensive Farm Bureau involvement, Jones serves on the Nebraska Angus Board and the zoning board in Chase County.

Farm Bureau members ages 18 to 35 can apply for the Young Farmers and Ranchers Achievement in Agriculture Award. As the Nebraska winner, Jones will receive $500 and an all-expense paid trip to the 2025 American Farm Bureau Annual Convention in San Antonio, Texas in January to compete with other state winners at the national level.

The Nebraska Farm Bureau is a grassroots, state-wide organization dedicated to supporting farm and ranch families and working for the benefit of all Nebraskans through a wide variety of educational, service, and advocacy efforts. More than 56,000 families across Nebraska are Farm Bureau members, working together to achieve rural and urban prosperity as agriculture is a key fuel to Nebraska’s economy. For more information about Nebraska Farm Bureau and agriculture, visit www.nefb.org.

— Nebraska Farm Bureau

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New Treatment for Dairy Cows Could Help Fight Antibiotic Resistance, Study Finds https://www.morningagclips.com/new-treatment-for-dairy-cows-could-help-fight-antibiotic-resistance-study-finds/ Fri, 27 Dec 2024 08:04:02 +0000 https://www.morningagclips.com/?p=657120 UNIVERSITY PARK, Pa. — A concentrated sugar solution could be just as effective as antibiotics at treating a common infection in dairy cows, according to a new study led by researchers at Penn State. The results were recently published in the journal Frontiers in Veterinary Science. The discovery has the potential to reduce reliance on […]

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UNIVERSITY PARK, Pa. — A concentrated sugar solution could be just as effective as antibiotics at treating a common infection in dairy cows, according to a new study led by researchers at Penn State. The results were recently published in the journal Frontiers in Veterinary Science.

The discovery has the potential to reduce reliance on antibiotics and ultimately help combat the growing threat of antimicrobial resistance in both humans and animals, said Adrian Barragan, associate research professor and extension veterinarian at Penn State and co-lead author on the paper.

The findings are particularly significant for the organic dairy industry where antibiotic use is restricted, he added, and may also pave the way for future studies in humans on the use of sugar-based formulations for uterine infections such as endometritis.

“The disease is an infection of the uterus that occurs after calving and it’s one of the top diseases that affect dairy cattle in the United States,” said Erika Ganda, assistant professor of food animal microbiomes at Penn State and co-lead author on the study. “We treat cows with antibiotics only when necessary to ensure their welfare, following strict withdrawal periods to prevent residues in milk. Minimizing antibiotic use helps reduce the risk of resistant bacteria that can impact farm workers, families and communities. Antimicrobial resistance in human and veterinary medicine is a growing public health concern, so the main goal of this research was to test an antibiotic-free alternative option against the current gold standard for treating this prevalent disease.”

The study compared two treatments for a common uterine infection, called clinical metritis, that can lead to serious health problems for dairy cows. The condition is typically treated using systemic antibiotics, like ceftiofur, which are effective in treating the condition, but may contribute to the growing antimicrobial resistance in food-producing animals.

“We have been searching for alternative therapies that can effectively treat metritis without relying on antibiotics,” Barragan said. “We asked two main questions when studying an alternative: Do the animals get cured with this treatment? And do treated animals have similar performance? Although the alternative treatment had the same clinical cure rate as the antibiotics, the answer wasn’t as clear cut as expected since performance between treatment groups differed based on disease severity.”

The study focused on using intrauterine dextrose, a sugar solution, as a possible alternative treatment. Dextrose has been extensively studied in animal and human clinical research for its ability to plasmolyze harmful bacteria, essentially the strong sugar solution pulls water out of the bacteria, causing them to dry out and die, Barragan explained. The approach had shown some promise in human wound healing, but previous studies in cattle yielded mixed results.

“We were hopeful that we would find positive results, but we were definitely not expecting to find that both treatments worked similarly for mild cases of metritis,” Barragan said. “That was a very exciting discovery.”

To investigate the effectiveness of dextrose, the researchers conducted a study on a dairy farm in central Pennsylvania. They enrolled 77 cows diagnosed with clinical metritis and randomly assigned them to one of two treatment groups: intrauterine dextrose or systemic ceftiofur. The researchers then monitored the cows’ recovery and analyzed their uterine microbial communities using advanced DNA sequencing to better understand the overall health of their microbiomes.

Although the sample size was not ideal for assessing clinical cure rate, Barragan said, the results suggested that both treatments had similar clinical cure rates, meaning dextrose could be just as effective as antibiotics in treating mild metritis cases.

Additionally, the analysis of the cows’ microbiomes revealed that dextrose does not significantly disrupt the bacterial balance of bacteria in the reproductive tract, unlike antibiotics, which can alter microbial communities and potentially impact the long-term health of the cow, Ganda explained.

Further research is needed to understand the full potential of dextrose as an alternative to antibiotic treatment, Barragan said, but one day that potential could even extend to treating humans.

“Our findings may be applicable for reproductive disease in human medicine,” he said. “In fact, we were inspired by medical literature and sugar-based wound treatments for people.”

The other Penn State authors on the paper are Jennine Lection, who earned a doctoral degree from Penn State and is currently an assistant professor at North Carolina State University; Emily Van Syoc, postdoctoral scholar; Asha Miles, former postdoctoral research associate who is currently a research geneticist at the U.S. Department of Agriculture (USDA); Julia Hamilton, undergraduate student; Marcela Martinez, research technologist; and Justin Silverman, assistant professor of statistics and of medicine and faculty fellow of the Institute for Computational and Data Science. Santiago Bas of the Germany-based feed company Phytobiotics Futterzusatzstoffe GmbH also contributed to the paper.

The USDA National Institute of Food and Agriculture and Hatch Appropriations, the Pennsylvania Department of Agriculture, and the National Institutes of Health funded this research.

–Adrienne Berard
Penn State

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NCBA Warns Cattle Producers That Corporate Transparency Act Reporting Requirements Will Return https://www.morningagclips.com/ncba-warns-cattle-producers-that-corporate-transparency-act-reporting-requirements-will-return/ Thu, 26 Dec 2024 20:25:46 +0000 https://www.morningagclips.com/?p=657589 WASHINGTON — The National Cattlemen’s Beef Association (NCBA) warned cattle producers that Corporate Transparency Act filing requirements are back in effect following a court decision that reverses the injunction that previously halted this mandate. “The Corporate Transparency Act requires millions of family farmers and ranchers to file complex paperwork and disclose beneficial ownership information with the […]

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WASHINGTON — The National Cattlemen’s Beef Association (NCBA) warned cattle producers that Corporate Transparency Act filing requirements are back in effect following a court decision that reverses the injunction that previously halted this mandate.

“The Corporate Transparency Act requires millions of family farmers and ranchers to file complex paperwork and disclose beneficial ownership information with the federal government under penalty of severe fines and jailtime,” said NCBA Executive Director of Government Affairs Kent Bacus. “FinCEN should do the right thing and provide a realistic delay to the Corporate Transparency Act until Congress has an opportunity to provide a permanent fix that protects family farmers and ranchers.”

On Monday, the Fifth Circuit Court of Appeals lifted a nationwide preliminary injunction on the enforcement of the Corporate Transparency Act, holding that the government is likely to prevail in a constitutional challenge. This decision places many small businesses in jeopardy that have not yet filed Beneficial Ownership Information with the Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of the Treasury.

In light of the Fifth Circuit’s decision, FinCEN announced it will delay enforcement of the Corporate Transparency Act until January 13, 2025—just three weeks from now. This delay does not allow enough time for millions of small businesses to comply with the law, and it is deeply concerning that FinCEN will proceed with enforcing this law when it has failed to give adequate notice and instructions to law abiding family business owners.

NCBA will continue fighting for a permanent solution that protects cattle farmers and ranchers from this overreaching mandate. In the meantime, cattle producers are advised to consult their attorney and/or tax professional regarding this new development.


The National Cattlemen’s Beef Association (NCBA) has represented America’s cattle producers since 1898, preserving the heritage and strength of the industry through education and public policy.  As the largest association of cattle producers, NCBA works to create new markets and increase demand for beef.  Efforts are made possible through membership contributions. To join, contact NCBA at 1-866-BEEF-USA or membership@beef.org.

–National Cattlemen’s Beef Association

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United States Hog Inventory Up 1 Percent https://www.morningagclips.com/united-states-hog-inventory-up-1-percent/ Thu, 26 Dec 2024 20:17:11 +0000 https://www.morningagclips.com/?p=657585 WASHINGTON — As of Dec. 1, there were 75.8 million hogs and pigs on U.S. farms, up 1% from December 2023, but down slightly from Sept. 1, 2024, according to the Quarterly Hogs and Pigs report published by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). Other key findings in the report were: […]

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WASHINGTON — As of Dec. 1, there were 75.8 million hogs and pigs on U.S. farms, up 1% from December 2023, but down slightly from Sept. 1, 2024, according to the Quarterly Hogs and Pigs report published by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS).

Other key findings in the report were:

  • Of the 75.8 million hogs and pigs, 69.8 million were market hogs, while 6.00 million were kept for breeding.
  • Between September and November 2024, 35.2 million pigs were weaned on U.S. farms, up 2% from the same time period one year earlier.
  • From September through November 2024, U.S. hog and pig producers weaned an average of 11.92 pigs per litter.
  • U.S. hog producers intend to have 2.93 million sows farrow between December 2024 and February 2025, and 2.95 million sows farrow between March 2025 and May 2025.
  • Iowa hog producers accounted for the largest inventory among the states, at 24.6 million head. Minnesota had the second largest inventory at 9.50 million head. North Carolina was third with 8.20 million head.

To obtain an accurate measurement of the U.S. swine industry, NASS surveyed 6,046 operators across the nation during the first half of December. The data collected were received online through NASS’s Respondent Portal, by mail, telephone and through face-to-face interviews.

The Quarterly Hogs and Pigs report and all other NASS reports are available online at www.nass.usda.gov.

–USDA NASS

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Merry Christmas & Happy New Year! https://www.morningagclips.com/merry-christmas-happy-new-year/ Mon, 23 Dec 2024 23:40:46 +0000 https://www.morningagclips.com/?p=657420 GREENWICH, N.Y. — Wow! 2024 is drawing to a close. Where did the year go? I hope all of you will be able to look back on the year’s greatness. Put your pencil to paper as you consider all you learned from 2024; some very important lessons were sprinkled in there. To give time for […]

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GREENWICH, N.Y. — Wow! 2024 is drawing to a close. Where did the year go?

I hope all of you will be able to look back on the year’s greatness. Put your pencil to paper as you consider all you learned from 2024; some very important lessons were sprinkled in there.

To give time for reflection and enjoyment this holiday season, we will not be sending out our daily emails the week between Christmas and New Year’s. The Morning Ag Clips’ daily email will resume on Thursday, January 2, 2025.

There will still be news articles published on our site, so make sure to stay up-to-date by going to morningagclips.com. Every day there will be something new, and there will be an editor watching for breaking ag news every day. But like you, we all need a break, and the only way to get it is to be extremely intentional about it, so we are!

Here’s to you, your family, and a prosperous and healthy New Year! We will see you in 2025!

With love,
Kate

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Caring for Poinsettias https://www.morningagclips.com/caring-for-poinsettias-2/ Mon, 23 Dec 2024 23:24:12 +0000 https://www.morningagclips.com/?p=657524 MANHATTAN, Kan. — In all their colorful glory, poinsettias are a great addition to any home during the holiday season. Ranging from red, white, green, pink or a color combination, poinsettias can be maintained year-round, says Kansas State University horticulture expert Cynthia Domenghini. “Poinsettias do best with temperatures between 65 and 75 degrees Fahrenheit,” Domenghini […]

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MANHATTAN, Kan. — In all their colorful glory, poinsettias are a great addition to any home during the holiday season.

Ranging from red, white, green, pink or a color combination, poinsettias can be maintained year-round, says Kansas State University horticulture expert Cynthia Domenghini.

“Poinsettias do best with temperatures between 65 and 75 degrees Fahrenheit,” Domenghini said. “Consistency is key, so avoid drafts from windows or heat sources, such as the fireplace or space heaters.”

While bright, indirect light is preferred, Domenghini advised keeping poinsettia leaves from touching cold windows. Soil should be kept moist as well.

“If it dries completely, the poinsettia will wilt and potentially lose some leaves,” Domenghini said. “Water the plant in the sink until water runs through the drainage holes of the container.”

She warns that the roots will rot if the poinsettia is left in standing water, such as in a saucer or in the plastic sleeve they are often sold in.

“Fertilizing and other maintenance is not necessary until after the holidays,” Domenghini said.

— K-State Research and Extension news service

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Livestock Export Testing Safeguards Against Infectious Diseases https://www.morningagclips.com/livestock-export-testing-safeguards-against-infectious-diseases/ Mon, 23 Dec 2024 22:47:25 +0000 https://www.morningagclips.com/?p=657503 COLLEGE STATION, Texas — The Texas A&M Veterinary Medical Diagnostic Laboratory is the only laboratory in Texas authorized to perform testing on any livestock destined for export. Authorized to perform testing that meets U.S. Department of Agriculture, USDA, and international requirements, TVMDL’s livestock export testing safeguards human and animal health internationally by mitigating the spread of diseases […]

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COLLEGE STATION, Texas — The Texas A&M Veterinary Medical Diagnostic Laboratory is the only laboratory in Texas authorized to perform testing on any livestock destined for export.

Authorized to perform testing that meets U.S. Department of Agriculture, USDA, and international requirements, TVMDL’s livestock export testing safeguards human and animal health internationally by mitigating the spread of diseases and ensuring the sustainability of international commerce.

TVMDL shares its top tips for exporter clients looking to stay in compliance.

“The goal of export testing is to ensure we don’t move infectious diseases around the world through exported animals,” said Terry Hensley, DVM, TVMDL assistant agency director and Texas A&M AgriLife Extension Service veterinarian, Bryan-College Station. “As a diagnostic lab, we are doing our part to run the tests requested by a certain country.”

Those countries establish regulations with organizations like the World Organization for Animal Health. They indicate which diseases need to be tested for, the acceptable tests, and sometimes even timeframes for testing.

From paperwork to protocols, the export testing process can be complex. TVMDL strongly encourages clients to consider the following when requesting export testing:

  • Be aware of the destination country’s animal health requirements.
  • Organize paperwork and samples.
  • Proactively submit samples to ensure timely results.

Stay aware of a destination country’s animal health requirements

Hensley explained that export testing focuses on ensuring compliance with the health certification standards of the destination country. Neglecting exact protocols can cause clients to face delays, quarantines, rejections or worse at import-country borders.

“If there are problems when those animals get to that destination country, it could be bad,” Hensley said. “They can either be given the option to send those animals back to the U.S., or sometimes they’re going to do retesting. In the worst case, they get euthanized at the point of destination.”

Therefore, clients must work closely with their veterinarians and take time to orient themselves to the updated animal testing regulations of the destination country. Communication with the USDA and the destination country ensures an appropriate plan and reduces the risk of error.

The types of tests required may vary depending on where animals are transported. Some of the more common serological tests TVMDL performs for export are to detect antibodies to diseases such as brucellosis, bluetongue and bovine leukemia. Testing is mainly performed using blood samples. However, other sample types may include nasal swabs, fecal or tissue samples and, in some cases, milk or semen samples.

Hensley recommends clients ensure samples are stored and shipped according to the instructions outlined on each test’s listing on the TVMDL website. These instructions ensure samples are handled and shipped in a manner that would help them arrive at TVMDL in a testable condition.

Organizing paperwork and samples

“I think the key is good communication and organization,” Kalyn Green, assistant section head for serology at TVMDL, said.

Paperwork should include all forms of identification for each exported animal, such as the official identification numbers and microchip numbers. All samples must be labeled and linked to the animal from which it was collected. Green encouraged the use of electronic forms to minimize human error and illegible handwriting on labels.

Besides animal and sample identification, she also mentioned that premise ID, sample collection date, country of export and veterinarian signature are often needed and sometimes forgotten.

Proactively submit samples to ensure timely results

Clients should submit samples for testing well ahead of all regulatory deadlines or departures. In addition, some tests must be performed within a certain timeframe before export.

“Timing is huge,” Green said. “Some tests require a specific window before export, for example, within 30 or 60 days of departure. Also, account for how long it takes to get the results. For some of our serologic tests, if we have a suspect reaction, we must send the sample to the National Veterinary Services Laboratory for confirmation.”

Export testing can be complex but is a manageable process with the proper preparation and information. For more information on export testing at TVMDL, visit https://tvmdl.tamu.edu  or call the College Station lab at 888-646-5623.

— Maci Guay

Texas A&M AgriLife Communications

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Corn Growers Win Dispute with Mexico Over GM Corn Ban https://www.morningagclips.com/corn-growers-win-dispute-with-mexico-over-gm-corn-ban/ Mon, 23 Dec 2024 20:00:38 +0000 https://www.morningagclips.com/?p=657463 LINCOLN, Neb. — In a major win for corn growers, a dispute panel ruled that Mexico violated its commitments under the United States-Mexico-Canada Agreement (USMCA) when it issued a decree that banned genetically modified corn imports in early 2020. The decision was met with praise from the Nebraska Corn Growers Association and Nebraska Corn Board […]

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LINCOLN, Neb. — In a major win for corn growers, a dispute panel ruled that Mexico violated its commitments under the United States-Mexico-Canada Agreement (USMCA) when it issued a decree that banned genetically modified corn imports in early 2020.

The decision was met with praise from the Nebraska Corn Growers Association and Nebraska Corn Board among other corn grower advocates who had called on the United States Trade Representative (USTR) to file the dispute.

“We have been engaged on this issue closely for several years,” said Andy Jobman, chairman of the Nebraska Corn Growers Association “Our staff and grower advocates made it a priority to interact with state and national corn grower leaders, we met with both Mexican and Canadian Embassies and echoed the voices of Nebraska’s corn growers in pushing USTR to challenge this ban. Today’s decision shows the real value of corn grower advocacy and what we can accomplish when we work together.”

“This is an imperative development for the America’s corn growers and rural communities,” said Brandon Hunnicutt, chair of the Nebraska Corn Board. “As the nation’s top producer of white corn, Nebraska is uniquely positioned to capitalize on Mexico’s continually growing demand for our high-quality corn. This ruling will hopefully remove this potential trade disruption and secures Mexico’s position as the leading export destination for U.S. corn, paving the way for increased economic growth and opportunity.”

Past Mexican President Andrés Manuel López Obrador first set off alarms in the Corn Belt in December 2020 when he initiated a decree to ban genetically modified corn by the end of 2024. At the time, corn grower leaders began outreach to the Trump administration to head off the ban. Those efforts continued with the Biden administration as well as with members of Congress and Mexican officials.

Nebraska corn growers took a lead with other state and national corn leaders who argued that the ban would significantly harm growers and rural communities, especially as Mexico is the number one export destination for U.S. corn.

Corn grower advocacy efforts intensified in 2023 when the Mexican president issued a decree banning genetically modified white corn, effective the following day. NCGA and state corn grower groups responded by urging USTR to file a dispute settlement under USMCA, which eventually occurred.

Nebraska Corn would also like to extend appreciation for Senator Fischer, Senator Ricketts, Representative Smith, Representative Bacon and Representative Flood for continually raising this issue with their colleagues in Washington, D.C.

The Nebraska Corn Board is funded through a producer checkoff investment of ½-cent-per-bushel checkoff on all corn marketed in the state and is managed by nine farmer directors. The mission of the Nebraska Corn Board is to increase the value and sustainability of Nebraska corn through promotion, market development and research.

The Nebraska Corn Growers Association (NeCGA) is a grassroots commodity organization that works to advance Nebraska corn farmers through leadership, policy and education. NeCGA has more than 2,400 dues-paying members in Nebraska. NeCGA is affiliated with the National Corn Growers Association, which has more than 36,000 dues-paying members nationwide.

— Nebraska Corn Growers Association

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In the Cattle Markets: Dec. Cattle on Feed Report & Cautionary Note on “Demand Destruction” https://www.morningagclips.com/in-the-cattle-markets-dec-cattle-on-feed-report-cautionary-note-on-demand-destruction/ Mon, 23 Dec 2024 10:00:51 +0000 https://www.morningagclips.com/?p=657479 LAKEWOOD, Colo. — On Friday, December 20 USDA NASS released the latest Cattle on Feed report (https://usda.library.cornell.edu/concern/publications/m326m174z?locale=en ). December 1st inventory was estimated at 11.98 million, on par with 2023. Placements in November were estimated at 1.80 million, down 4% from 2023 while marketings were estimated at 1.73 million, down 1% from 2023. Overall, this report […]

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LAKEWOOD, Colo. — On Friday, December 20 USDA NASS released the latest Cattle on Feed report (https://usda.library.cornell.edu/concern/publications/m326m174z?locale=en ). December 1st inventory was estimated at 11.98 million, on par with 2023. Placements in November were estimated at 1.80 million, down 4% from 2023 while marketings were estimated at 1.73 million, down 1% from 2023. Overall, this report was in line with pre-report expectations and likely will not be a market-mover with interest transitioning to 2025 reports including the January Cattle Inventory report.

I expect the January Cattle Inventory report to show some additional liquidation has occurred leading to a smaller calf crop in 2025. It seems most likely that the summer of 2026 is the soonest substantial national heifer retention may begin. While there is recently elevated uncertainty around international trade that should not be overlooked, most anticipate domestic beef availability to decline perhaps by 2-3% per year (per person) in 2025 and 2026.

Given this setting and the opportunity for some extended armchair-pondering around the holidays, some context on economic concepts and an important historical reminder is prudent. Economists analyzing the beef industry use the term “demand” to refer to the willingness and ability to buy beef at a specific price. A change in beef demand is not triggered by changes in beef prices but rather by consumer income or wealth adjustments, changes in prices of other goods, or perceptions of beef quality evolving. To this later point, the clear improvement in overall beef quality (simple example is Prime or Upper Choice percentage versus past decades) has been core to beef demand growth (see K-State demand indices here: https://agmanager.info/livestock-meat/meat-demand/monthly-domestic-meat-demand-indices-usdabls-data/monthly-domestic-0 ).

As we turn to 2025 it is important to pause and connect the dots around things such as current feedlot supplies, future breeding herd size and corresponding beef availability, and what one may expect at the retail and food service level. Yes, lower beef supplies are expected and with that, most anticipate higher end-user beef prices. In fact, the industry should be hoping for that! Research with Melissa McKendree, Ted Schroeder, and Nathan Hendricks (https://onlinelibrary.wiley.com/doi/full/10.1093/ajae/aaz034 ) shows that feeder cattle sellers stand to gain the most when beef demand grows, and lose the most when demand falters.

If alternatively, lower beef availability is observed in conjunction with flat or lower beef prices, then beef demand clearly declined. In that unfortunate situation, economic viability for most in the industry also declines. While some younger market participants may dismiss this scenario, recall the 1980s & 90s was a period largely characterized by a shrinking herd, weakening beef demand, and overall decline in industry vitality. Indeed, lower beef volumes alone do not guarantee higher beef nor cattle prices. This experience is worth periodic reflection as the industry has made massive improvements that should not be overlooked or taken for granted. To the extent that beef prices increase reflecting stable or growing beef demand that indeed is a market outcome that should not only “be allowed” but encouraged. While the term “demand destruction” is likely to appear more in coming months, industry stakeholders are encouraged to take pause and in fact hope that higher prices develop reflecting stable or growing beef demand.

Finally, and most importantly I wish all readers a Merry Christmas, the ability to see the true reason for the season, and a joyous New Year.

cattle feed livestock

— Glynn T. Tonsor, Ph.D., Department of Agricultural Economics, Kansas State University

Livestock Marketing Information Center

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