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Planting Delays Impact Feed Stocks

Planting delays in the eastern Corn Belt are expected to reduce corn yields this fall, according to USDA’s June 10 Crop Production Report.

Projected U.S. corn production for 2009-10 was lowered 155 million bushels from the previous month to 11.9 billion bushels. The national yield is forecast lower than last month, at 153.4 bu./acre, due to planting delays, especially for the eastern Corn Belt.

However, early planting in the western Corn Belt and improved conditions from this time last year, are expected to partly offset the poor start in other parts of the country.

Corn ending stocks are projected at 1.1 billion bushels, down 55 million bushels from the previous month. World corn ending stocks are projected at 125.5 million tons.

Old crop soybean exports were estimated at a record 1.25 billion bushels reflecting record sales and increased projected imports for China and reduced soybean exports from Argentina.

Projected old crop ending stocks for soybeans were reduced 20 million bushels to 110 million bushels. New crop ending stocks were also reduced 20 million bushels to 210 million bushels.

The U.S. season-average soybean price for 2009-10 is projected at $9 to $11/bu. up 55 cents on both ends of the range.

Forecast winter wheat production was lowered 10 million bushels. U. S. wheat ending stocks are projected 10 million bushels higher, however, due to reduced use.

Global wheat production for 2009-10 was lowered by 1.6 million tons due to reductions for Russia, China, Afghanistan, Azerbaijan, Morocco, Syria and Tunisia. Global stocks are projected at 182.6 million tons, a 700,000 ton increase over the previous month.

New Studies Warn Against Increasing Ethanol Limits

Two new studies released June 9 warn if the Environmental Protection Agency (EPA) grants a petition for a 50% increase in the allowable limits of ethanol in gasoline, the result will be higher commodity costs for livestock and poultry producers. Advanced Economic Solutions and FarmEcon LLC completed the reports for the Grocery Manufacturers Association and the National Turkey Federation, respectively.

“It is clear that increasing the amount of biofuels added to be blended into gasoline will contribute to dramatic growth in the demand for corn, and consequently the price of corn. As we have already seen, a combination of factors – both economic and legislative – has driven ethanol use beyond mandated levels. Barring a change in government support for ethanol, if the EPA allows blends of more than 10% ethanol, our study projects that by 2015 up to 110 million acres of corn will be planted, constituting the highest number of acres planted since World War II and nearly a 20% increase over the baseline,” says Bill Lapp, president of Advanced Economic Solutions.

His study, “Implications for U.S. Corn Availability Under a Higher Blending Rate for Ethanol: How Much Corn will be Needed,” also examines the potential impact of a serious shortage of corn, especially if the “blend wall” is raised to 15%.

“U.S. corn yields have been 7% or more below trend roughly one out of every four years. A 7% yield loss would equate to over 1 billion bushels, more than the projected carryout during 2010-2015,” he says.

The study “Issues with an Ethanol Blend Rate Increase” by Tom Elam examines the impact increasing ethanol blends in gasoline will have on the price of corn fed to livestock and poultry. With corn the top input cost for animal agriculture, the study correlates the cost of meat and poultry to consumers in the future.

“U.S. biofuels policies and regulations contain inherent contradictions, and have also resulted in significant economic damage to diverse sectors from inside and outside of the energy industry. Increasing the maximum blend of ethanol in gasoline, combined with higher 2010 Renewable Fuels Standard requirements, will increase cost pressures on both ethanol and food producers,” says Elam, president of FarmEcon LLC.

View the Advanced Economic Solutions Study by Bill Lapp.

View the FarmEcon LLC Study by Thomas Elam.

View the letter sent by 21 members of the U.S. Senate to the EPA requesting further testing before approving any increase to the ethanol blend level.

The National Pork Producers Council has asked the Obama administration to lead an effort to review the impact of an expansion of ethanol production on corn availability, the price elasticity of corn, the users of corn and rural workers and industries associated with corn.

The American Farm Bureau Federation has called on the federal government to increase the ethanol blend level up to 15%, suggesting it will protect the environment, help create jobs and reduce dependence on foreign oil.

Pork Industry Struggles to Survive Extended Downturn

The prospects of three years of red ink have participants in the pork industry reeling and searching for answers.

For a number of producers, the next 60 to 90 days may prove critical as they struggle for ways to survive, says Neil Dierks, CEO, National Pork Producers Council (NPPC).

Producers have basically lost money since September 2007 and on average have just 32-35% of their equity left, he said at a World Pork Expo press conference in Des Moines, IA.

Extended losses have been driven by lower prices and slower export sales that began in late April when the H1N1 flu outbreaks first occurred. The economic impact of those outbreaks to the pork industry is estimated at $300-400 million, Dierks reports.

Lenders and agricultural economists are forecasting that the U.S. herd needs to be trimmed by 3-5% over the next six months for producers to see prices return to the black.

“We’re going to lose producers over this period,” Dierks says, and it’s expected to affect producers of all sizes.

In the last 20 months or so, producers locking in prices on the futures market have fared the best. But now those prospects have turned bleaker with no profitable prospects seen until into 2010, he says.

Since September 2007, producers have averaged a loss of $23.11/head, based on national total net weighted average hog prices, national average carcass weights and Iowa State University estimates of farrow-to-finish production costs, Dierks reports.

Iowa State University estimates based on May 22 corn and soybean meal futures prices that producers will lose $12.22/head for the remainder of 2009. That translates into an average loss of $25.6 million per week or $794 million for the U.S. pork industry for the rest of 2009.

Glenn Grimes, University of Missouri professor emeritus, points out that a big part of the problem also stems from the rise in production costs. In 2008, hog prices were $2.60 above the 13-year average, but production costs were $13.85 above the 13-year average.

The pork industry continues to become more efficient as evidenced by the fact that the 35 weeks with the largest slaughter have all occurred since September 2007, he explains.

Grimes forecasts 2009 slaughter will be down 4% from 2008 and prices will range $59-$61/carcass cwt., compared to $63.58 in 2008.

U.S. pork exports are forecast to be down 12% for 2009, with pork imports off nearly 4% from 2008.

The U.S. Department of Agriculture (USDA) provided $50 million in supplemental pork purchases in May 2008, followed by another $25 million in purchases of pork for federal food assistance programs. A more recent request for USDA to buy $50 million of pork for federal food programs has not been granted to date, NPPC said.

National Hog Farmer

Fast Genetics Adds Technical Representative To Its US Marketing Team

SASKATOON, SK – Fast Genetics, a leading international swine genetics company with US operations based out of Nebraska is pleased to announce the addition of Jerrod Lynott to the team as a full-time technical sales representative.

Mr. Lynott will complement a strong team of existing sales and service representatives within the Fast Genetics system in the United States and will be focusing on growth and development of the Fast Genetics brand in Iowa, Minnesota, South Dakota, and Nebraska.

Originally raised in Northwestern Iowa, Mr. Lynott obtained a Bachelor of Science in Agriculture majoring in Animal Science at South Dakota State University. He brings over 10 years of experience in the swine genetics business with extensive knowledge of sow and finishing production systems in the Mid-West via involvement in the industry at multiple levels.

Jerrod and his wife Wendy have four sons and reside in Hawarden, Iowa.

Fast Genetics, established in 1982, is a pig genetics company delivering high health, hyper-maternal female lines, and terminal sires selected for growth and carcass composition, backed by a science-based program that delivers premium pig genetics from people you can count on.

For further information contact:

Chad Nicholas – Marketing Manager

Fast Genetics

Saskatoon, SK

cnicholas@fastgenetics.com

306-436-7300

National Hog Farmer

Fast Genetics Adds Depth to Senior Management Team.

SASKATOON, SK – Fast Genetics, a leading international swine genetics company based out of Saskatchewan is pleased to announce the addition of Mr. Phil Dykstra to the team as Sales and Multiplication Manager.

Mr. Dykstra will complement a strong team of management personnel at Fast Genetics and will lead the sales efforts of the company going forward. He will also be focusing on growth and development of the Fast Genetics multiplication system as the company plans for growth over the next 5-10 years.

Originally from a mixed livestock farm in Ontario, Mr. Dykstra obtained a Diploma in Agri-Business at the University of Guelph. Since that time he has spent over 20 years in the livestock industry. Mr. Dykstra’s history includes senior leadership roles within the following companies over the last number of years; The Pork Corporation, Elite Swine Inc., and Big Sky Farms Inc.

Fast Genetics, established in 1982, is a pig genetics company delivering high health, hyper-maternal female lines, and terminal sires selected for growth and carcass composition, backed by a science-based program that delivers premium pig genetics from people you can count on.

For further information contact:

Chad Nicholas – Marketing Manager

Fast Genetics

Saskatoon, SK

cnicholas@fastgenetics.com

306-436-7300

National Hog Farmer

Aaron Putze, Barbara Jackson and Derek Yancey Join Animal Agriculture Alliance Board

June 2, 2009 - The Animal Agriculture Alliance (Alliance) is pleased to announce that Aaron Putze, Executive Director of the Coalition to Support Iowa's Farmers (CSIF); Barbara Jackson, Regional Director of American National Cattlewomen's Inc. (ANCW); and Derek Yancey, President of Morning Fresh Farms; recently joined the non-profit organization's Board of Directors.

"The positive, proactive approach on issues of concern to livestock, hog and poultry farmers that the Alliance champions is extremely important to every family that's involved in animal agriculture," said Putze, who grew up on a grain and livestock farm in Iowa and worked for the Iowa Farm Bureau for 10 years prior to joining CSIF five years ago. "It's an honor to be part of the Alliance board and to learn from the experts on how we can continue to grow our farm successfully and responsibly."

"Our association is looking forward to actively participating on the Alliance's board," said Jackson, who owns her own animal health company and has been a member of ANCW for over 30 years. "As importantly, ANCW is excited to partner with the Alliance in some innovative web ventures that will engage new audiences."

"Agricultural stakeholders can best combat the claims of animal rights extremists through proactive efforts to ensure animal well-being," said Yancey, who has spent his 15 year career in egg ranching. "Helping the Alliance communicate reliable, science-based information is very important to Morning Fresh Farms and every person that depends on animal agriculture, from corn and soybean growers to restaurants and grocers."

"We are delighted to have Aaron Putze, Barbara Jackson and Derek Yancey bring their unique strengths to our Board," said Alliance Executive Vice President Kay Johnson Smith. "We are sure that the input of these well-known and respected leaders will help us build on the Alliance's previous successes."

The Animal Agriculture Alliance, a 501(c)(3) tax-exempt organization, is a broad-based coalition of individual producers, producer organizations, suppliers, packer-processors, private industry and retailers. The Alliance's mission is to communicate the important role of animal agriculture to our nation's economy, productivity, vitality, security and that animal well-being is central to producing safe, high-quality, affordable food and other products essential to our daily lives.

Animal Agriculture Alliance | P.O. Box 9522 | Arlington | VA | 22209

National Hog Farmer

Yamaha Announces Ag-Comm Scholarship Winners

University of Florida Chapter and Two Purdue Students Receive Inaugural Yamaha Awards

CYPRESS, Calif. – June 3, 2009 – Yamaha Motor Corp., U.S.A., has named the recipients of its inaugural Yamaha-ACT Scholarship Program. The University of Florida Chapter of the National Agricultural Communicators of Tomorrow (ACT) will receive the chapter award, and Whitney Siegfried and Katherine Kuykendall, both ACT members from Purdue University, earned the individual scholarships. As recipients of the individual scholarships, both Siegfried and Kuykendall will also have the opportunity to serve as interns for Yamaha during the 2009 Ag Media Summit.

Yamaha’s new scholarship program was launched this year to provide financial assistance to members of the ACT, a national college student association with 354 registered members located on 17 college and university campuses across the country. ACT’s mission of fostering professional development is at the core of the new Yamaha-ACT Scholarship Program.

As part of the application process, students were asked to incorporate important ATV and Side-by-Side (SxS) safety messages into practical communications pieces such as a feature story, brochure or press release. This part of the application was meant to show an example of the students’ quality of work, and also to seed safety messages that they can carry throughout their careers as professional communicators.

“Yamaha congratulates each of the recipients of our 2009 Yamaha-ACT Scholarship program, and we are proud to assist them in their pursuit of a career in agricultural communications,” said Steve Nessl, Yamaha’s ATV and SxS group marketing manager. “We hope that our application process allowed these ACT students to learn new lessons about safe, responsible off-road vehicle use. This is valuable information they can use throughout the professional and personal lives.”

“ACT is about providing students with practical opportunities to grow as future professional communicators, and Yamaha’s scholarship program fits right in with that purpose. To win, the students have to apply their communications skills—writing, design, and public relations. This year’s winners really showed some skill and talent, ” said Jeff Miller, professor of agricultural communications at the University of Arkansas and national adviser of ACT.

The Yamaha-ACT Scholarship Program is broken out into two individual student scholarships and one chapter scholarship. All three scholarships are aimed at helping students attend the annual Agricultural Media Summit (AMS). As the largest gathering of crop and livestock media professionals in the country hosted by the Agricultural Editors’ Association (AAEA) and the Livestock Publications Council (LPC), the AMS is the ACT’s primary career development networking opportunity for these students each year.

Applicants were judged based on merit, need and quality of submission materials by a review committee consisting of Yamaha employees; ACT faculty adviser and Associate Professor for Agricultural Communications at the University of Arkansas, Dr. Jefferson D. Miller; AAEA President Elect and Director of Communications at Iowa Soybean Association, Karen Simon; and Livestock Publications Council President and Senior Director at The American Quarter Horse Journal, Jim Bret Campbell.

About Yamaha Motor Corp., U.S.A.

Yamaha Motor Corporation, U.S.A. (YMUS), a leader in the motorsports market, makes the toughest, most capable and versatile ATV and Side-by-Side vehicles. The company’s ever-expanding product offerings also include motorcycles, outboard motors, personal watercraft, snowmobiles, boats, outdoor power equipment, race kart engines, accessories, apparel and much more. YMUS products are sold through a nationwide network of more than 4,000 dealers in the United States.

Headquartered in Cypress, Calif., since its incorporation in 1977, YMUS also has facilities in Wisconsin and Georgia, as well as factory operations in Tennessee and Georgia. For more information on Yamaha, visit www.yamaha-motor.com.

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MEDIA CONTACT:

Van Holmes

Yamaha Motor Corp., U.S.A.

(714) 761-7370

van_holmes@yamaha-motor.com

National Hog Farmer

JBS United Presents First John B. Swisher Annual Leadership Award

SHERIDAN, Ind., Jun 5, 2009 – JBS United, Inc. presented the first John B. Swisher Annual Leadership Award to the company’s Founder and CEO, John B. Swisher, at a Customer Appreciation Celebration held during the 2009 World Pork Expo in Des Moines, Iowa. The John B. Swisher Annual Leadership Award is an honor presented to an individual who exemplifies extraordinary leadership qualities and who has made an outstanding contribution to the advancement of the swine industry. The award will be presented each year at the World Pork Expo to an individual selected by the JBS United Awards Committee from a pool of nominated candidates.

John B. Swisher, the first recipient of the award named in his honor, certainly exemplifies the award’s criteria. At the young age of 26, Swisher founded United Feeds with only $25,000 in borrowed capital and a new idea - to sell swine feed directly to producers using an educated sales staff. Today, his small swine feed company, now JBS United, Inc., has grown into an innovative animal nutrition technology company with a wide range of proprietary products and a global reach. His vision was to focus on the customer and improve their business by supplying valuable information and quality products, and he succeeded in achieving that goal.

The company’s commitment to providing customers with advanced, high-quality products led JBS United to become one of the largest swine research organizations in the world. The company continues to build on this reputation today by continually and aggressively pursuing new technologies and seeking partnerships to develop the next generation of innovative animal nutrition products.

Swisher’s other achievements include being named the Ernst & Young National Entrepreneur of the Year (2004), and the Ernst & Young Indiana Master Entrepreneur (2004), as well as being inducted into the Central Indiana Business Hall of Fame (2007). He has served on the Boards of Directors of the Indiana Pork Producers Association and the 4H Foundation, and he has contributed to many local communities and organizations through both his time and his monetary donations. Those organizations include various local universities and schools, Junior Achievement, the Indiana FFA, First Responders, the Lion’s Club, the American Cancer Society, the Indiana State Fair, the American Legion and many more.

Swisher commented that he was honored and deeply moved that his company had established this award in his name. He also stated, “I am only one person, a company is but a sum of the people therein.” Full details of the award criteria, as well as the nomination process and more can be found on the JBS United website at www.JBSunited.com/awards.

About JBS United

Since its founding in 1956, JBS United, Inc. has been dedicated to providing research-based solutions to enhance animal nutrition and livestock production profitability. The company provides products to swine producers worldwide. For more information, visit the JBS United web site at www.JBSunited.com.

Contact: Lisa Coverdale (800) 382-9909

Marketing Manager

Lisa.Coverdale@tektm.com

National Hog Farmer

Kemin Industries CEO Dr. Chris Nelson Named Ernst & Young Entrepreneur Of The Year® 2009 Award Winner in Central Midwest Region

Award Recognizes Entrepreneurial Excellence in the Life Sciences Category

DES MOINES, Iowa – June 5, 2009 – Kemin Industries Inc., a nutritional ingredient manufacturer, today announced that Dr. Chris Nelson, CEO, received the Ernst & Young Entrepreneur Of The Year® 2009 Award in the life sciences category in the Central Midwest region. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Dr. Nelson was selected by an independent panel of judges, and the award was presented at a gala event at the Sheraton Overland Park Hotel on Thursday, June 4, 2009.

“We are proud to recognize the achievements of Dr. Nelson,” said Randy Buseman, Ernst & Young Partner, Strategic Growth Markets. “Winners of the Entrepreneur Of The Year award build leading businesses and contribute significantly to the strength of our region’s economy. Their success helps our area grow stronger.”

After joining the family business in 1979 as a research director, Dr. Nelson set a new standard for research and development at Kemin. An industry pioneer with a PhD in biochemistry, he pushed his team to “understand the mode of action of all products”. Assuming the role of president in 1999, Kemin’s sales have grown 65% under Chris’ leadership. Kemin Industries Inc. now employs nearly 1,000 people and holds over 170 patents.

Chris encourages his leadership team and employees to think like entrepreneurs and proceed with passion in the development of new ideas and business opportunities. People are the key to Kemin’s long-term success, says Chris, and this “team effort” drives the company’s success. Furthermore, optimistic the innovation will continue, Chris hopes to enter two new markets in the coming years.

As a Central Midwest award winner, Dr. Nelson is now eligible for consideration for the Ernst & Young LLP Entrepreneur Of The Year 2009 national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 14, 2009. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation’s most prestigious gathering of high-growth, market-leading companies.

The Ernst & Young Entrepreneur Of The Year awards celebrate their 23rd anniversary this year. The program honors entrepreneurs who have demonstrated exceptionality in such areas as innovation, financial performance and personal commitment to their businesses and communities.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors.

Regional sponsors for the Central Midwest program include Lockton Companies, Inc. and The Kansas City Star. Locally, the program is sponsored by Faegre & Benson LLP, Husch Blackwell Sanders LLP and Smart Business magazine.

Kemin® – Inspired Molecular Solutions™ Founded in 1961, Kemin Industries Inc. (www.kemin.com) provides health and nutritional solutions to the agrifoods, food ingredients, pet food, human health and pharmaceutical industries. Kemin operates in more than 60 countries with manufacturing facilities in Belgium, Brazil, China, India, Singapore, South Africa, Thailand and the United States.

About Ernst & Young’s Entrepreneur Of The Year® Awards Program

Ernst & Young’s Entrepreneur Of The Year® Award is the world’s most prestigious business award for entrepreneurs. The award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, the Ernst & Young Entrepreneur Of The Year® award celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

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For media inquiries, please contact:

Kemin Industries Inc., Erin Mitchell, 515-559-5349, erin.mitchell@kemin.com

Kemin Industries Inc., Charlotte Jacobs, 515-248-4020, charlotte.jacobs@kemin.com

National Hog Farmer

U.S. Swine Expertise, World Class Education

WASHINGTON, D.C., June 5, 2009 – The U.S. Grains Council sponsored two teams of swine managers from China and Taiwan to travel to the United States this week to attend the World Pork Expo in Des Moines, Iowa, as well as attend educational courses and tour U.S. swine farms. Council members Iowa Corn Promotion Board, Iowa Corn Growers Association and the Iowa Department of Economic Development hosted a meeting for teams to ask questions and meet U.S. agricultural industry leaders, including Iowa Secretary of Agriculture Bill Northey.

Northey said, “It was a very good meeting with pork producers from across China and Taiwan who are interested in a wide variety of Iowa products, from equipment to genetics. They are looking forward to building relationships with Iowa and learning from the expertise of our pork producers.”

Low production efficiency of swine operations in China and Taiwan has been identified as a major constraint, hindering their ability to expand to higher levels of commercial scale hog production. Traveling to the United States will allow these swine managers and veterinarians to gain a better perspective of successful U.S. hog production practices as well as disease control management.

Roger Zylstra, Iowa Corn Growers Association board member, who also attended the meeting, said, “U.S. farmers have a vested interest in the increase of efficient hog production in China and Taiwan. An increase in their hog production matches an increase in their need for feed grains and co-products. As we build relationships, we are able to show them that U.S. farmers are a reliable, sustainable supplier of feed, food and fiber.”

The Chinese Swine Management Team concluded their week-long educational expedition today while the Taiwanese Hog Producers Training Team continues to Council member Hawkeye Gold LLC for a tour of one of its ethanol facilities and to Iowa State University for educational seminars.

Julius Schaaf, USGC At-Large director and Iowa Corn Promotion Board board member, said, “These attendees are very innovative. They will take the information they learned back to their respective countries and utilize what works for them. This will give them the opportunity to expand their herd, improve their rations and ultimately increase their need for U.S. feed grains.”

The U.S. Grains Council is a private, non-profit partnership of farmers and agribusinesses committed to building and expanding international markets for U.S. barley, corn, grain sorghum and their products. The Council is headquartered in Washington, D.C., and has nine international offices that oversee programs in more than 50 countries. Financial support from our private industry members, including state checkoffs, agribusinesses, state entities and others, triggers federal matching funds from the USDA resulting in a combined program value of more than $26 million.

The U.S. Grains Council does not discriminate on the basis of race, color, national origin, sex, religion, age, disability, political beliefs, sexual orientation or marital/family status. Persons with disabilities, who require alternative means for communication of program information, should contact the U.S. Grains Council.

CONTACTS: Mike Deering, Marri Carrow or Melisa Augusto at 202-789-0789

Phone: (202) 789-0789 Fax: (202) 898-0522

Internet: www.grains.org

E-mail: grains@grains.org

1400 K St. NW, Suite 1200 Washington, DC 20005