This is the second time in three years that Southern States has been recognized as the Feed Mill of the Year
Southern States Cooperative of Park City, Ky., is named the 2014 Feed Mill of the Year. The annual award recognizes overall excellence in feed manufacturing operations and is sponsored by the American Feed Industry Association and Feedstuffs newspaper.
Employees from Southern States Cooperative
Since 1923, Southern States has been a farmer-owned cooperative providing a wide variety of agriculture products and home supplies to the agricultural community. With more than 1,200 retail stores in 23 states, Southern States is known as one of the nation's largest agriculture supply companies, with more than 200,000 farmer-members.
Southern States Park City holds a certificate in AFIA's Safe Feed/Safe Food Certification Program.
"It is a pleasure working with staff members that strives to uphold such a high standard of excellence. This award is a true reflection of the dedication and diligence that my team not only meets, but exceeds each day," said Gary Huddleston, plant manager for Southern States.
This is the second time in three years that Southern States has been recognized as the Feed Mill of the Year award recipient.
Huddleston said the recognition is a "great honor."
The Feed Mill of the Year award runner-up is Kent Nutrition Group located in Hagerstown, Md.
Epperson (left) with Jeremy Ruckman from Kent (Hagerstown) receiving runner-up award.
Kent has been in business for more than 85 years and manufactures commercial livestock feed through its Kent brand and country lifestyle and companion animal feed through its Blue Seal brand.
"This is a great achievement and much appreciation goes out to our hard working staff members that have made this opportunity possible," said Jeremy Ruckman, plant manager of Kent's Hagerstown operation.
To ensure food and feed safety, Kent, Hagerstown, is certified in AFIA's Safe Feed/Safe Food Certification Program.
"We take great pride in the work that we do and will continue to provide satisfactory products that meet our client's needs," said Ruckman.
"Southern States Cooperative (Park City) and Kent Nutrition Group (Hagerstown) were two of many deserving applicants who applied for the Feed Mill of the Year award," said Keith Epperson, AFIA vice president of manufacturing and training. "Applicants were evaluated based on feed safety, overall awareness of food safety, quality, regulatory compliance and operating efficiencies. Both Southern States and Kent have exceeded in providing safe and judicious products."
"Please join us in offering them a round of applause for their continuous hard work," added Epperson.
Selection of the top plant starts with an online application process and concludes with personal visits to the top sites by an inspection team from AFIA and Feedstuffs. Final selection is based on the combined score of the application and personal visit.
Additional details on the 2014 Feed Mill of the Year and the runner-up are available in the Dec. 31, issue of Feedstuffs. Visit www.feedstuffs.com to learn more. Additional photos are available upon request from firstname.lastname@example.org.
The 2015 Feed Mill of the Year program will be open for applications in the spring.
In the overnight session the dollar rallied back toward the top of the trading range helping the grains shed a few pennies going into the pause in trade.
In the overnight session corn fell 1 ¾ cents, soybeans fell 1 cent and wheat backed off from yesterday’s gains by 4 ¾ cents. The dollar index, which fell yesterday, is now back trading near the highs on the daily chart, up over ½ a percent this morning.
Grain inspections yesterday showed that wheat under-performed expectations only recording that 273,055 metric tons left the country last week. Soybean also under-performed expectations reporting 1,849,221 metric tons were inspected for export compared to expectations between 2,400,000 and 2,700,000 metric tons. Corn was the only grain that recorded larger than expected volumes shipped for export with 743,769 metric tons inspected last week.
The wheat market rallied yesterday as some restrictive measures in Russia were placed on the market. Grain quality will be more closely monitored which is expected to drive up the cost of exporting grain and slow the physical movement as well. This is intended to help curb Russia’s red hot export pace which is 30% ahead of last year’s export pace. The market fears that Russia might move toward even more restrictive measures if grain continues to be exported at a rapid pace. Russia wants to ensure that domestic demand needs are met, which have grown stronger than normal due to their ban on EU agricultural products.
Russian regulations may slow the pace of exports and increase the cost of exporting grain.
In the overnight session corn continued trading lower finishing down 3 cents going into the morning pause. Soybeans which traded a 13 ¼ cent range last night, added 1 ¼ cents to the closing price on Friday, and wheat improved 1 ¼ cents as well. Soybeans had a particularly negative session on Friday, falling 33 cents with below average daily volume. Be wary of a bounce early in the session today as many traders are back from their Thanksgiving travels. However, a bounce in this morning’s trade session might be a good time to price soybeans if you are looking to lock in prices in the near-term.
Russia is introducing new regulations which would curb grain exports out of their country. With the Ruble declining and a bumper crop harvested last year, exports have been thriving, increasing around 30% over last year’s levels at this time. Now Russia is trying to take steps to ensure enough supply is available for domestic use. The Veterinary and Phytosanitary Surveillance Service (VPSS) introduced new regulations to check conditions of grain, storage facilities and machinery which will most likely result in declining grain exports. These measures will help to support U.S wheat prices.
Over the weekend there have been no major developments in South American weather. Saturday and Sunday provided Argentina with expected rains, but drier weather is expected out of the 6-10 day forecast. Brazil should continue to see the same levels of precipitation which should help seeding progress in their country. Brazil had been behind pace planting early on in the season due to excessive dryness.
Cash grain markets continued to post gains this week with corn basis advancing 4 cents on the week while soybeans added 3 cents on average to US basis levels.
River terminals found the greatest strength this week thanks to a continued slide in barge rates. At the Illinois River, barge rates at the start of November were around $1.20 a bushel but have now fallen below 80 cents a bushel for the first time since late summer. River terminals as a group were up 7 cents a bushel. For ethanol plants, basis levels were up 3 cents a bushel as a group but there was noticeable weakness this week with about a third of the ethanol plants posting unchanged to lower basis levels. Production at ethanol plants continued to be strong, posting above last week’s marketing year high coming in at 982,000 barrels per day and sets the year-to-date total at 4.5% above last year.
For soybeans, basis levels mostly improved and the falling barge rates helped push basis levels higher there by 7 cents a bushel. For bean plants, basis levels were modestly higher advancing 3 cents a bushel. Eastern CornBelt soy plants found greater strength than those in the West.
The decline in crude oil has many traders concerned the selling pressure may spill into the grain complex this Friday.
Attention: Following the Thanksgiving holiday the markets will open at 8:30 CST but close early at 12 CST.
Export sales for wheat were reported within analyst expectations booking 431,500 metric tons which was up 19% week over week. Corn sales beat analyst expectations recording 944,900 metric tons of sales, up 4 percent from last week. Soybeans also beat analyst expectations with net sales of 1,485,400 metric tons which was well above the analyst expectations of between 700,000-1,000,000 metric tons. Soybean sales were up sharply from the previous week which only booked 483,020 metric tons and provides a strong case for steadfast short-term demand.
SovEcon said in some materials prepared for a conference that Russia’s grain crop may fall to 86 million metric tons in 2015 compared to 104 MT produced this year. Dryness has taken its toll on the wheat crop since it was seeded in late August. The dry conditions are forecast to continue into the first part of December.
The European benchmark for oil, Brent Crude, has fallen $6 per barrel to below $72 following the OPEC meeting which decided to keep oil output steady despite the falling prices. The decisions to keep output the same was largely a result of Saudi Arabia which is trying to keep its share of the energy market. Lower prices will force higher priced energy producers to lose share of the market if they are unable to withstand the lower prices in the near term.
Feed &Grain publisher, Arlette Sambs, gives her take on the holidays, planing for bussiness and the state of amerian politics
Whew! What a year.
Now that all of the negative political ads are off every news and entertainment site I visit online, and off my TV and radio, I can concentrate again!
Of course, I’ll be concentrating on hoping they finally get something done. Perhaps I expect too much?
I’ll also be concentrating on work.
Every year from right before Christmas to after the last bowl game on New Year’s day, I have just about every minute of every day scheduled for something – shopping, holiday parties, baking, friends’ houses, relatives’ houses, kids coming home, people at our house, football games to watch. I love it all!
Then, come January 2 (or maybe I’ll wait until January 5) I’ll settle back in at work. And I’ll wonder how the holidays whizzed by so quickly and what challenges we’ll be facing and working to overcome in the 360 days left in 2015.
I wouldn’t miss any minute of the holidays for anything. But it seems more and more, the “work thing” is constantly there, bubbling up. At times it relates to something that didn’t work the way I wanted it to last year. What should we have done differently? Did we see it as a problem soon enough? How do we avoid it in the future?
At other times it will be an idea or a notion or a problem that I know we will need to tackle soon for 2015 to be a success. What did we do that worked? What opportunities do we have that we’re not seeing clearly? How can we shake loose the residue of 2014 and look clearly at 2015?
I guess that’s part of what makes this time of year so hectic. While we just shut the door on last year, we already need to be looking six months – or more – into 2015, jumping on opportunities, fixing problems. It has to be a constant focus if we’re going to grow and succeed.
Maybe that’s the difference between most of us and those whom we elect? We know we have to fix things and fix them now. We know that an unhappy customer is not just one person whose business we might lose (bad enough), but that having one irritated customer could be the first sign that we’re not doing the right thing.
We know we can’t stand still or take for granted any success we’ve had in the market we serve. In business, we can’t afford complacency or laurel-resting or not thinking ahead – and thinking ahead so far it makes our heads hurt.
Taking action now keeps customers happy and keeps fresh ideas and opportunities on the horizon.
Tune in to hear Cody and Kevin discuss how grains closed out the week as well as what to expect in the near future. Cody and Kevin also discuss the world wheat market and how the U.S. dollar index is affecting it.
In the overnight session the grains are trading sharply higher with corn up 5 ¼ cents, soybeans up 7 ¼ cents and wheat up 15 ½ cents this morning. This morning we saw large single day reportable sales of 126,000 metric tons of corn to unknown destinations, 1.5 million metric tons of...
In the overnight session corn, soybean and wheat are all trading higher. Corn improved 3 ¼ cents, soybeans is up 3 ½ cents and wheat is trading 13 ½ cents higher this morning. The wheat market is continuing focus on the developments in Russia as yesterday’s announcement that the Veterinary...
Corn and soybeans are trading lower this morning with corn down 2 ¾ cents, soybeans down 9 ¾ cents and wheat trading 6 ¾ cents higher. Wheat continues its move higher as Russian policy aims at curbing exports.