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Non-Tech : Farming -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (1348)	6/18/2008 2:44:30 PM
From: Tommaso	Read Replies (1) \| Respond to of 4448

OT and personal: I am not going to make the mistake of reading any more of your messages, but it sure is funny how there are impotent morons that will follow someone like you around and recommend whatever is said as long as it sounds insulting to me. ++++++++++++++++++++++++++++++++++++++++++ Meanwhile, back on the farm: Bloomberg: Wheat Rises on Demand by Livestock Producers for Animal Feed By Tony C. Dreibus June 18 (Bloomberg) -- Wheat rose for the second straight day on signs that livestock producers are using more of the grain in animal feed after corn costs surged. The price of corn, the main ingredient in livestock feeds, has soared 71 percent this year, reaching a record $7.915 a bushel on June 16, after floods in the U.S. Midwest ruined some crops. Yesterday, wheat's premium above corn declined to $1.40 a bushel from $7.15 on March 12. Wheat is up 4.2 percent in 2008. ``There's a possibility wheat is going to be used for feed, as high as corn is,'' said Tomm Pfitzenmaier, a partner at Summit Commodity Brokerage in Des Moines, Iowa. ``I'm hearing already about people putting a little more wheat into their rations.'' Wheat futures for September delivery climbed 5.5 cents, or 0.6 percent, to $9.2175 a bushel at 11:38 a.m. on the Chicago Board of Trade. The price jumped 2.5 percent yesterday. Before today, the price gained 51 percent in the past year after adverse weather in 2007 curbed global yields. The most-active contract still has declined 32 percent from a record $13.495 on Feb. 27 after farmers worldwide seeded more grain to take advantage of the rally. Dry weather in Australia, expected by the U.S. government to be the third-biggest exporter of the grain, is threatening newly seeded plants, driving up prices. In the year that starts Oct. 1, Australian growers may produce 8.8 percent less than estimated in March after the driest May ever eroded crop prospects, the Australian Bureau of Agricultural and Resource Economics said yesterday. Wheat was the fourth-biggest U.S. crop in 2007, valued at $13.7 billion, behind corn, soybeans and hay, government data show.