Monday, November 24, 2014  
 
 

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 14 372'2 372'6 365'4 367'4 -5'2 367'4s 01:30P Chart for @C4Z Options for @C4Z
Mar 15 384'6 385'6 378'2 380'2 -5'0 380'2s 01:30P Chart for @C5H Options for @C5H
May 15 393'2 394'4 387'2 389'0 -5'0 389'2s 01:30P Chart for @C5K Options for @C5K
Jul 15 400'2 401'2 394'4 396'2 -5'0 396'2s 01:30P Chart for @C5N Options for @C5N
Sep 15 407'0 408'0 401'0 402'6 -5'0 402'4s 01:30P Chart for @C5U Options for @C5U
Dec 15 414'6 416'0 409'2 410'6 -4'6 411'0s 01:30P Chart for @C5Z Options for @C5Z
Mar 16 423'0 423'4 418'0 419'4 -3'6 419'6s 01:30P Chart for @C6H Options for @C6H
May 16 426'6 427'4 425'6 425'6 -3'0 426'4s 01:30P Chart for @C6K Options for @C6K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 15 1036'2 1038'6 1026'6 1034'6 -5'2 1033'6s 01:30P Chart for @S5F Options for @S5F
Mar 15 1043'0 1045'0 1033'2 1040'6 -6'2 1039'6s 01:30P Chart for @S5H Options for @S5H
May 15 1050'0 1050'6 1039'0 1046'6 -6'4 1045'6s 01:30P Chart for @S5K Options for @S5K
Jul 15 1053'2 1054'6 1043'0 1051'0 -6'6 1049'4s 01:30P Chart for @S5N Options for @S5N
Aug 15 1047'4 1049'0 1044'6 1049'0 -7'0 1048'6s 01:30P Chart for @S5Q Options for @S5Q
Sep 15 1032'4 1032'4 1026'6 1026'6 -7'4 1025'6s 01:30P Chart for @S5U Options for @S5U
Nov 15 1015'0 1017'2 1007'4 1011'0 -8'0 1009'6s 01:30P Chart for @S5X Options for @S5X
Jan 16 1018'4 1022'0 1013'2 1018'2 -7'4 1015'2s 01:30P Chart for @S6F Options for @S6F
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 14 546'0 551'2 541'2 541'6 -5'0 542'2s 01:30P Chart for @W4Z Options for @W4Z
Mar 15 552'4 557'0 548'4 549'0 -4'0 549'4s 01:30P Chart for @W5H Options for @W5H
May 15 561'0 564'2 556'2 556'4 -3'4 557'0s 01:30P Chart for @W5K Options for @W5K
Jul 15 566'2 569'2 561'6 562'6 -3'2 562'6s 01:30P Chart for @W5N Options for @W5N
Sep 15 574'0 575'6 570'2 570'6 -3'2 571'2s 01:30P Chart for @W5U Options for @W5U
Dec 15 588'6 589'4 581'6 582'4 -3'0 583'0s 01:30P Chart for @W5Z Options for @W5Z
SM - SOYBEAN MEAL - CBOT
Month Open High Low Last Change Close Time More
Dec 14 3779 3779 3750 3750 - 35 3749s 01:30P Chart for SM4Z Options for SM4Z
Jan 15 3642 3642 3642 3642 - 46 3626s 01:30P Chart for SM5F Options for SM5F
Mar 15 3492 3510 3492 3510 - 51 3498s 01:30P Chart for SM5H Options for SM5H
May 15 3425 3425 3425 3425 - 55 3430s 01:30P Chart for SM5K Options for SM5K
Jul 15 3465 3465 3435 3435 - 50 3424s 01:30P Chart for SM5N Options for SM5N
Aug 15 3405 - 47 3418s 01:30P Chart for SM5Q Options for SM5Q
LH - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Dec 14 91.300 92.250 91.050 91.300 0.650 90.650 01:02P Chart for LH4Z Options for LH4Z
Feb 15 90.850 91.800 90.500 90.550 0.100 90.450 01:02P Chart for LH5G Options for LH5G
Apr 15 93.700 93.950 92.550 92.550 -0.400 92.950 12:59P Chart for LH5J Options for LH5J
LC - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Dec 14 171.300 171.600 169.050 169.550 - 1.350 170.900 12:59P Chart for LC4Z Options for LC4Z
Feb 15 171.900 172.600 169.400 170.000 - 2.150 172.150 01:00P Chart for LC5G Options for LC5G
Apr 15 169.950 170.900 167.900 168.800 - 1.625 170.425 01:00P Chart for LC5J Options for LC5J
FC - FEEDER CATTLE - CME
Month Open High Low Last Change Close Time More
Jan 15 237.000 237.000 233.350 233.500 - 2.850 236.350 01:04P Chart for FC5F Options for FC5F
Mar 15 234.450 234.450 Chart for FC5H Options for FC5H
Apr 15 234.600 234.600 Chart for FC5J Options for FC5J
My Custom Markets
Symbol Open High Low Last Change Close Time More

Attention

Spot Grain Pricing
Effective June 1, 2014
  • All spot grain from elevator open to close will be priced at the 2:00 p.m. closing bid price.
  • Contracts will be written for any loads you want priced at any time during the day.
  • Grain hauled on day when CBOT is closed will be priced on previous closing bid.
    • Saturday/Sunday prices will be Friday’s closing bid.
     UFC had its regularly scheduled board meeting Tuesday September 16, 2014 at Ursa.  Joe Zumwalt (former President) and Alan Donley (former Vice President) both retired from the board.  We have two new board members being Charles Krueger from Kahoka, MO and Eric Cassens from Camp Point, IL.  Nominations were held at the beginning of this meeting with the following results:  Scott Wray – President, Ted Knorr – Vice President, Scott Rutledge – Secretary and Kevin Roskamp – Treasurer.  When you see these board members (retired and present) please take a moment to thank them for their service.  (UFC has a seven member board:  Scott Wray, Ted Knorr, Scott Rutledge, Kevin Roskamp, Roger Sutter, Charles Krueger and Eric Cassens) 

Storage and Discounts
2014/2015 Corn and Soybean Storage and Discounts:
Patrons:
Effective September 1, 2014, UFC will implement the new corn and soybean charges and discounts that
accompany this letter. In the past, UFC and its management with the consent of the board of directors
would set a corn moisture discount per ½ pt of moisture, (last year 5 cents per 1/2pt or 10 cents per
point). UFC has, with management’s recommendation and the board of director’s consent, decided to
change from setting a pre-harvest discount on gross bushels to the new Dry/Shrink charges that are
becoming more common in today’s volatile market place. Under the new system, wet corn bushels will
be assessed a drying charge per 1 pt of moisture of 3.0 cents and wet bushels will be shrunk down to dry
bushels at a rate of 1.4% shrink per 1pt of moisture. Drying and hauling charges will be based off of wet
bushels, while storage/DP charges will be applied to dry bushels. How will the new corn moisture
discounts compare to years past: very similar to both the elevator and producer.

Example of the new discount and old one:
Producer hauls in 500 bu of 18% corn to be Sold at Fall price of $3.35

New Discount: Dry/Shrink 3 cents/pt                                           Old Discount: 10 cents/pt moisture
Drying charge of 9?/wet bu (3? x 3pts)                                        Moisture discount of 30?/bu
Shrink of 4.2% of bushels (1.4% x 3pts) = 21bu
Payment:                                                                                       Payment:
479 dry bu x $3.35 = $1,604.65                                                    500bu x $3.35 = $1,675
Drying Charge -$45.00                                                                  Moisture Disc -$150
Total Check amount: $1,559.65                                                     Total Check amount: $1,525.00

As you can see in the example above, the total economic impact of the new moisture discount program
will be negligible to both the producer and elevator. For those of you that grow NON-GMO corn,
premiums will be paid on dry bushels. Again, Drying and Hauling charges will be charged on wet bushels
as that is truly what is being handled, where storage/DP charges will be figured on dry bushels for the
same reason.
The new corn moisture Dry/Shrink will still provide the ability to average moisture out of the bin as grain
that averages dry enough, will not be assessed the corresponding drying charge. As typical for years
past, corn for sale will be discounted or dry/shrink down to 15.0% moisture, and corn for storage/DP will
go down to 14.0% moisture. For our patrons, the biggest change will be that of dry bushels being used
for payment vs gross (wet bushels) in the past.
Corn and Soybean Storage/Dp charges will be 18? this year for 90 days to reflect the stronger demand
for storage with record corn and soybean crops being projected. Grain space will be short throughout
much of the Midwest this fall and cash carrying charges continue to inch wider. We all look forward to
serving you this fall and wish everyone a SAFE and bountiful harvest.

2014 Soybean Storage rates and Discounts.

2014 Corn Storage rates and Discounts.

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Ursa 217-964-2111 844-UFC-CROP    Meyer 217-647-3215    Warsaw 217-256-4215    Bowen 217-842-5231    Loraine 217-938-4311    Camp Point 217-593-7722  Canton 573-288-0311   Wayland 660-754-6417   Gregory Landing   660-754-6411
 
 

Local Cash Bids
River Bid Delivery Basis   Cash    
 Corn Chart Nov 30, 14    
  Chart Mar 31, 15    
  Chart Oct 31, 15    
 Soybeans Chart Nov 30, 14    
  Chart Dec 31, 14    
  Chart Oct 31, 15    
 Wheat Chart Jul 31, 15    
Price as of 11/24/14 01:43PM CST.
Click to view more Cash Grain Prices

Local Conditions
Ursa, IL
Chg Zip Code: 
Temp: 33oF Feels Like: 22oF
Humid: 72% Dew Pt: 25oF
Barom: 29.66 Wind Dir: W
Cond: N/A Wind Spd: 18 mph
Sunrise: 7:00 Sunset: 4:42
As reported at QUINCY, IL at 1:00 PM
 
Local Radar
Illinois
Radar
 
Local Forecast
Ursa, IL

Monday

Tuesday

Wednesday

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Friday
High: 43°F
Low: 27°F
Precip: 20%
High: 36°F
Low: 22°F
Precip: 0%
High: 38°F
Low: 25°F
Precip: 77%
High: 32°F
Low: 21°F
Precip: 0%
High: 42°F
Low: 22°F
Precip: 0%
View complete Local Weather
 
DTN Weather Summary
Rain for Southern, Eastern Areas Tues.
Bryce Anderson (Bio) – DTN Meteorologist

Tuesday will see rain in the Southeast: Carolinas, Florida, Georgia. Snow possible in the Northern Plains. » More DTN Weather Commentary

Posted at 11:47AM Mon Nov 24, 2014 CST

This Day In History
November 24, 1942
French collaborator earl De Brinon establishes "African Falanx"

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Information
Link to CBOT options - click the option button to get option information
Link to Livestock Markets
Energies, Crude Oil, Gasoline, etc
Storage and DP Rates
Customer Exp Report
Corn Discounts
Soybean Discounts
Wheat Discounts
Growing Degree Days
Precision Technology Farming
Purina Web Site

Ag Partnership
Chaddock Agriculture Partnership
Chaddock has worked with producers and merchandisers across the state to make it easy to support Chaddock by donating a portion of their grain or livestock harvest to the capital campaign. Our greatest need is funding for a new school. 
The demand for Chaddock's unique services is increasing, and we have literally outgrown our current school. We've launched a $12 million building project that will allow us to increase the number of young people we serve. The goal is to have children walking into the new school for their first day of class in August 2016. 

This is a unique opportunity to make a real difference in the lives of innocent children for decades to come. 
Consider donating a portion of your grain or livestock harvest to our capital campaign.
http://www.chaddockagriculturalpartnership.org/ 


2014 Corn Yield
 
What is your actual corn yield vs APH (10-year average)
No Answer
20% above Normal
10% above Normal
Normal Yield
5% below Normal
10% below Normal
 

Cattle
 
Cow - Calf Production - click here.  
Grazing Corn Stalks - click here.

 Feeding Rained-On Hay
Living in Illinois provides its challenges when trying to put up dry hay. Whether we are busy
planting during first cutting or the weather tricks us, almost everyone has experienced feeding rained on
hay. How should we adjust our feeding practices to combat this lower than ideal quality hay?
Rain can cause many different effects on the quality of hay. Once hay has been rained on,
quality tends to decrease. The biggest issue here is that it is very hard to estimate the amount of
damage or provide an accurate feeding value. Bruce Anderson, and extension forage specialist at the
University of Nebraska—Lincoln, states a few of the factors that affect feeding value: Amount of rain,
length of rain event, number of rain events, dryness of windrow prior to rain, drying conditions after
rain, raking or turning windrows between rain and baling, moisture of hay when baled and quality of hay
when cut.
MOLD
Mold is very common in rained on hay. Feeding moldy hay needs to come with caution,
especially if that mold is easily noticeable. Mold can make hay become unpalatable and will reduce
intake. Other issues from mold would be the formation of mycotoxin molds which can cause abortions
or aspergillosis. Mycotoxins are rarely present in hay unless mature seed heads or weed seeds are
present.
Minimize the feeding of moldy hay to more sensitive animals. Those include horses, pregnant
cows, or young growing calves. Grinding and mixing moldy hay can dilute problems, but be careful as
cattle will have less sorting of material and consume what they may normally refuse.
HEAT DAMAGE
Hay baled too wet can cause heating inside the bale. This heat is produced by microorganisms in
the hay as they use plant sugars and oxygen. If the temperature of the bale reaches 125oF, a chemical
reactions occurs that combines amino acids from protein with sugar to produce compounds similar to
the indigestible compound lignin.
These compounds smell sweet and have a distinct brown color that livestock find very palatable.
The nutrition obtained from this browning affect is very poor. The protein from heat damaged forage
may look fine on a standard hay test, but is actually greatly overestimated. Feeding heat damaged hay
may require an additional protein source.
In summary, feeding rained-on hay can have its challenges, but if managed right and testing
forages for nutrient content and availability, we can choose the right supplements to create a well
balance diet. 

Let your Cows tell you what they need - click here.
Corn Silage - information.   

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