Corn supply tightens while EPA gives higher ethanol blends the green light
Phil Greene of Foster Farms gave his testimony on behalf of AFIA in September 2011. Since then with ethanol they've removed the tariff and the subsidies but they maintained the mandates and the situations we were concerned with last year as far as feed shortages, it occurred last year making it a very difficult year for the livestock industry, but this year looks like it'll be a total disaster for the livestock industry.
It's this dependency we have, the drought is a naturally occurring event that will happen periodically, but the government has set up a situation where all of the first corn has to go to ethanol and whatever's leftover has to go to feeding livestock and people.
Foster Farms and the livestock industry now has to compete against a very speculative marketplace, where 10 years ago you may have seen a price range of $1.80 to 2.50 in a year for corn, and last week alone corn went from 6.79 to 7.76, so we saw almost a dollar movement in one week. We didn't used to see that in a year and this is at significantly higher levels, so what that does is make it virtually impossible for all but the luckiest or best to work their ways through this market. The commodity markets are moving so fast and they're so volatile, and the dairy, poultry, beef and pork markets are not nearly as
With the establishment of its Information Technology Innovation Award, the American Feed Industry Association (AFIA), in partnership with AgGateway and Feed & Grain magazine, recognizes leading feed and grain industry companies that incorporate new, advanced technologies in their routine business practices to help meet the demand of a rapidly developing world population.
Some folks may argue that superior customer service might be more important for retail stores, rather than a business like a grain elevator or feed mill. But it can make a difference in the competitive feed and grain industry — for the very reason that it is competitive. You do have competitors, and attracting and keeping more business is a desirable strategy.
Though known for its inclement weather and dairy production, according to the USDA’s Crop Production Summary for 2013, Wisconsin was ninth in corn production and 15th in soybean production, despite having a wet harvest season. Looking at what the members of Landmark Services Cooperative needed now, and looking forward to what they will need in the future, the co-op built a new grain facility in Fall River, WI, to give them plenty of speed, space and markets — everything a farmer needs to grow....