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Nebraska beef exports reaches milestone

First 11 months of 2014 set a new record for Nebraska beef

By Diego Flammini, Farms.com

As one of the top beef producing states in the United States, Nebraska is accustomed to exporting vast amounts, but 2014 was a little extra special.

Between January and November of 2014, Nebraska exported their most beef to date – surpassing $1 billion.

“Nebraska farmers, ranchers, feedlot operators and processors work hard to produce high-quality beef products that are recognized around the world,” said Nebraska Department of Agriculture Director Greg Ibach in a press release. “That hard work has been rewarded, as we are seeing significant growth in East Asian markets and also in several emerging markets. We are optimistic for a continued upward trend in 2015.”

Nebraska Governor Pere Ricketts sees the record beef export as a starting-off point for the success of agriculture as a whole in the state.

“Export activity like what we are seeing in the beef sector is exactly what we need to keep our Nebraska economy moving in the right direction,” he said in the release. “I am excited to further our state’s export efforts for all Nebraska agricultural goods.”

The National Cattlemen’s Beef Association states more than 50% of the USA’s cattle and calf sales come from Texas, Nebraska, Kansas, California and Oklahoma, with Texas being the top producer.


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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.