Jul 03, 2014

Stormy Weather Ravages Midwest

Corporate announcements make up a bulk of last week’s top news

The top news stories for the week of June 23 are …

  1. Tornadoes Damage Grain Co-op in Pilger, NE
  2. General Mills Looking for New Cost-reduction Initiatives
  3. Cargill Introduces New Neonatal Pig Feeding Program
  4. AFIA Requests Animal Food Exemption in FSMA Reportable Food Registry
  5. CHS Inc. Files $2 Billion Shelf Registration Statement

Tornadoes Damage Grain Co-op in Pilger, NE

Summer's storms have been frequeent and powerful in the Corn Belt over the past few weeks. Few places felt the impact as much as Pilger, NE, where two tornadoes touched down side by side, killing two and sending at least 19 more to the hospital. Around 75% of this small farming town was damaged or destroyed, including the local grain co-op. The storm produced four tornadoes altogether, but strong adjacent tornadoes are a rare meteorological event. The town's people are thankful that more were not hurt, and though it will take time, they plan to rebuild what was lost.

General Mills Looking for New Cost-reduction Initiatives

General Mills yearly fiscal results came in lower than last year, crushing analyst expectations. With the release, General Mills announced that it would be making cut backs in order to become more efficient and increase earnings, but the details of the plan were not made clear.

Cargill Introduces New Neonatal Pig Feeding Program

Cargill’s new feeding program is said to increase the likelihood that piglets will survive by as much as 6%. They do this by focusing on the special needs of piglets in the first 28 days of life, where the mortality rate can be up to 18%. The program maximizes the piglets’ feed and nutritional intake and has shown effectiveness in weight gain and overall livability in testing. With the cost of pork rising and PEDv still running rampant, producers need every advantage to keep piglets alive.

AFIA Requests Animal Food Exemption in FSMA Reportable Food Registry

The American Feed Industry Association asked for the feed industry’s exemption from the Food Safety Modernization Act, and based on comments by the Food and Drug Administration, may have gotten it. They argued that the original intent of the law was designated for human food products and was never intended to be applied to animal feed or pet food.

CHS Inc. Files $2 Billion Shelf Registration Statement

By filing a $2 billion shelf registration with the Securities and Exchange Commission, CHS, Inc. has given itself fiscal leeway for upcoming business opportunities. This statement will allow the company to sell up to 2 billion of its Class B cumulative redeemable preferred stock over the next three years. Though statement has been filed with the SEC, it has not yet become effective.

Well, those are the top five. I want to remind you to email me if you have any story ideas, comments on what news you want to hear about, or just to say hey. Subscribe to Industry Watch, follow us on Twitter or like us on Facebook for all the latest news in the industry.

Steven Kilger

Recently Added to Buyer's Guide

Semi-Automatic Hand-Prompt Batching Station

  • Designed to eliminate bad batches resulting from operator error and interruption
  • Operator involvement through each step in the batching process

C-LEVER EVA HE Controller

  • For bulk solids, accuracy is not impacted by different material densities, irregular material flows or extreme friction
  • All connections available (Ethernet, Profibus, CANbus, etc.) as standard equipment to easily connect/coordinate with existing systems

SORTEX H SpectraVision

  • Real-time tracking of sorting performance and emergency warnings with SORTEX Monitoring System
  • Newly designed in-house full-color cameras provide best color differentiation for subtlest of color defects

Feed Ordering Hub

  • Cloud-based hub designed to increase feed ordering and scheduling automation
  • Allows feed mills to make data-driven decisions and allocate resources better

24" Scalperators

  • Provides high capacity method for removing roughage, light fines and chaff in a single pass
  • Large material scalping and air density separation in one pass

Aqua MicroFeed System

  • Enables users to produce microfeed at 40% increased capacity
  • Optimized die can withstand higher pressure caused by smaller holes due to stronger construction, larger diameter and bigger open surface, and smart die base to create equal distribution of feed toward larger die

Magazine

Marketwatch: Jul, 03

US Corn Price Idx: ZCPAUS.CM

open: 7.1488
high: 7.3886
low: 7.0173
close: 7.0525

US Soybean Price Idx: ZSPAUS.CM

open: 15.7324
high: 16.5525
low: 15.3323
close: 15.3637

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 9.0002
high: 9.0773
low: 8.5501
close: 8.6212

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 8.1033
high: 8.308
low: 7.749
close: 7.8078