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Newspaper
Sidney Telegraph
Location
Sidney, Nebraska, United States of America
Date
Mar 29, 1965
Page
13
Turner notes that while futures markets will adjust feeder cattle prices to align with future fed cattle price variability, the impact depends on cattle feeders using futures as a hedging tool. The beef futures market has been active but no sign yet of a large feeder participation.
Lincoln Nebraska cattle producers show interest in a new live beef cattle futures market. University of Nebraska economist Michael S Turner explains futures can be used to set prices or for speculation. Traders can sell futures contracts when feeders are bought or buy to cover later delivery. Market impact on cash prices depends on feeder costs and futures price movements.
University of Nebraska findings on potato growers in western Nebraska show price and competition pressures from other crops. Dr. C J Miller notes that low prices and competition may reduce acreage, but overall production appears temporarily stabilized. Corn, sugar beets, and dry beans show better net returns across price and yield ranges.
IMane C Baade 18 from Side ney was fined 5 plus court costs after a third offense speeding charge.
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