Market Journal – February 27, 2015
This week on Market Journal…
Cattle Market Analysis – The latest USDA Cattle on Feed Report shows Nebraska and Texas tied for top spot in number of cattle on feed. For consumers, January 2015 saw a record price for ground beef, averaging nearly $4.24 per pound. Mike Briggs, feedlot manager from Seward, Nebraska, talks about narrowing feeding margins and beef demand.
Republican Ruling, Pipeline Veto – Dave Aiken, Nebraska Extension water and ag law specialist, explains the U.S. Supreme Court's ruling regarding the Republican River and President Barack Obama's veto on the federal Keystone XL Pipeline bill.
Soybean Seed Treatments – Loren Giesler, Nebraska Extension plant pathologist, talks about the use of soybean seed treatments.
Weather Forecast – Al Dutcher, Nebraska Extension state climatologist, gives his forecast for the coming week.
Next week on Market Journal… We will look at how cheaper oil and fuel are affecting margins for ethanol and biodiesel. We will also get an update on land prices in Nebraska. Jerry Volesky, Nebraska Extension range and forage specialist, will preview the grazing season. Jeff Peterson, Heartland Farm Partners president, will analyze corn and soybean markets.