Wednesday, July 18, 2018  
 
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Welcome !

     

     We are an independently owned and operated elevator and extruded expelled soybean processing plant.  We have served the tri-state area for over 42 years!  Our commitment to service our customers with the highest quality products and customer service is second to none!  Thanks for choosing Lester Feed & Grain.

Lester Location 712-478-4440     Edna Location 712-472-2869


Bulletin Board

Lester-Edna Locations Grain/Feed Mill Receiving Hours:

Mon. - Fri.  8:00 am - 4:00 pm


 Lester Location Extruded Meal & Oil Load Out Hours:

Mon. - Fri.  8:00 am - 4:00 pm

 



Feed YOUR own soybeans
just like you feed YOUR own corn!

“EXPRESS SOYBEAN MEAL”
(extruded expelled)


Produce YOUR own soybean meal
at the cost of production!

* Lower F/G
* Higher ADG
* Lower Cull Rates
* Lower Death Loss
* Higher % Sold As Tops
* Grain Bank Your Soybeans
* Market Your soybeans every day


(GMO, Non-GMO, Organic)

Local Radar
Lester, IA
Chg Zip Code: 
 
Radar
View complete Local Weather

What's New At LFG?

SALES TEAM

Reid Krull

Edna Location Manager
(beef & seed)

712-348-3637

Larry Van Roekel
Swine
(production & extruded meal) 
712-470-0421

 
Dustin Hoogendoorn

Grain Operations Manager / Agronomy Lead
(commodities & seed)
712-470-7372 


Neil Warner
Agronomist
(crop insurance & seed)
712-470-6426

 
Marlin Van Meeteren

Dispatching Supervisor
(bi-products)
605-261-6056   
 



CROP PRODUCTION





US Drought Monitor Link



SWINE PRODUCTION

Process your own soybeans into "EXPRESS SOYBEAN MEAL", Our mechanical process of extrusion is superior to conventional solvent extracted soybean meal due to the process in which it is manufactured gives it a higher nutrient availability.  This value allows you to feed what you already raise in the same manner you feed your own corn today!  2-4% increase in both feed efficiency (8-16 lbs. of feed per pig) and improved rate of gain (5-8 lbs. heavier pig in the same amount of days!) along with ease of grain marketing can add value and additional savings to your operation.



GRAIN MARKETING





Profit Talk Link


ISU Field & Feedlot Newsletter Link



BEEF-DAIRY PRODUCTION



Bi-Products
(syrup, wet, dry distillers)

Corn
(cracked, fine ground)

Extruded Soybean Meal
(expelled, full fat)

Kent Feeds 
(creep, tubs, protein, co-product, mineral)


DTN Top Stories

Although the EPA made it clear it wasn't asking for testimony on the agency's small refinery waiver program in the Renewable Fuel Standard, farmers and biofuels producers called for changes anyway during a public hearing in Michigan on Wednesday. See DTN Ag News. 1^EPA Hears RFS Testimony...

The U.S. House of Representatives on Wednesday voted to proceed to conference on the farm bill. House leadership also named conferees on the farm bill. See DTN Ag News. BHouse OKs Farm Bill Conf....

Farmers are caught in the middle of a multi-front trade war, and bankers worry damage to farm incomes could put a dent in farmland values, especially as the Federal Reserve moves forward with higher interest rates. See DTN Ag News. BTrade Complicates Ag Economy...

Both soybean meal and soybean oil markets in China have remained relatively calm over the past two weeks after China started taxing U.S. soybeans with a 25% punitive tariff on July 6. See DTN Ag News. 4^China Stocked With Soymeal...

Soybean prices are at nine-year lows in nominal terms, but 2008 was a long time ago and the value of a dollar changes from one timeframe to the next. In real inflation-adjusted terms, today's soybean values present a historically favorable buying opportunity. See DTN Ag News. BKub's Den...


Headline News
Trump Backs Off Russia Comments 07/18 06:19
EU, US Relations Sink After Trump Tour 07/18 06:26
Mueller Seeks Immunity for Witnesses 07/18 06:13
Comey Urges Voters to Support Dems 07/18 06:22
Lawmakers Fight Over Kavanaugh Docs 07/18 06:25
Kids Depict Detention Center Treatment 07/18 06:18
Turkey Mulls New Terror Laws 07/18 06:21
Stocks Edge Higher Wednesday 07/18 15:37

DTN Market News
Positive Train Control: Are All US Railroads Ready for the 2018 Deadline?
DTN Early Word Grains 07/18 05:58
DTN Midday Grain Comments 07/18 11:44
DTN Closing Grain Comments 07/18 13:49
DTN Cattle Close/Trends 07/18 15:40
DTN Early Word Opening Livestock 07/18 05:35
DTN Midday Livestock Comments 07/18 12:04
DTN Closing Livestock Comment 07/18 17:32
DTN Chart Technical Points 07/18 16:30
US Direct Feeder Pigs 07/03


USDA Swine News

DTN Livestock News
DTN Cattle Close/Trends 07/18 15:40
DTN Early Word Opening Livestock 07/18 05:35
DTN Midday Livestock Comments 07/18 12:04
DTN Closing Livestock Comment 07/18 17:32
CME Feeder Cattle Index 07/18
Weekly Beef Export Sales 07/12 07:48
DTN Livestock Stats at a Glance
DTN Hog Close/Trends 07/18 14:55
Family Business Matters 07/13 10:25

DTN Dairy News
USDA CME Cash Cheese Exchange 07/18 12:10
USDA CME Nonfat Dry Milk Trade 07/18 12:10
USDA CME Butter Transactions 07/18 12:10
USDA CME Butter Transactions Recap 04/19 11:45
USDA Cheese Highlights 05/21 12:37

This Day In History
July 18, 1994
Houston Astros tie NL comeback record, trailing 10-0, beat Cards 15-12

more info




Lester Location

Edna Location

Local Cash Bids
 
CORN
  Lester Edna
Cash Bid Symbol CBOT Change Basis Cash Bid Symbol CBOT Change Basis
 July 2018  @C8U 347'0
-0'2
Chart @C8U 347'0
-0'2
Chart
 August 2018  @C8U 347'0
-0'2
Chart @C8U 347'0
-0'2
Chart
 September 2018  @C8Z 360'6
-0'2
Chart @C8Z 360'6
-0'2
Chart
 N/C 2018  @C8Z 360'6
-0'2
Chart @C8Z 360'6
-0'2
Chart
 December 2018  @C9H 372'4
-0'2
Chart @C9H 372'4
-0'2
Chart
 January 2019  @C9H 372'4
-0'2
Chart @C9H 372'4
-0'2
Chart
 February 2019  @C9H 372'4
-0'2
Chart @C9H 372'4
-0'2
Chart
 March 2019  @C9K 379'0
-0'2
Chart @C9K 379'0
-0'2
Chart
 April 2019  @C9K 379'0
-0'2
Chart @C9K 379'0
-0'2
Chart
 May 2019  @C9N 385'0
-0'2
Chart @C9N 385'0
-0'2
Chart
 July 2019  @C9N 385'0
-0'2
Chart @C9N 385'0
-0'2
Chart

SOYBEANS
  Lester Edna
Cash Bid Symbol CBOT Change Basis Cash Bid Symbol CBOT Change Basis
 July 2018  @S8Q 840'4
-1'6
Chart @S8Q 840'4
-1'6
Chart
 August 2018  @S8Q 840'4
-1'6
Chart @S8Q 840'4
-1'6
Chart
 N/C 2018  @S8X 856'0
-1'6
Chart @S8X 856'0
-1'6
Chart
 December 2018  @S9F 865'4
-2'4
Chart @S9F 865'4
-2'4
Chart
 January 2019  @S9H 875'0
-2'2
Chart @S9H 875'0
-2'2
Chart
 March 2019  @S9K 884'4
-2'0
Chart @S9K 884'4
-2'0
Chart
 May 2019  @S9N 892'6
-2'2
Chart @S9N 892'6
-2'2
Chart
 July 2019  @S9N 892'6
-2'2
Chart @S9N 892'6
-2'2
Chart

Click to view more Grain Bids

Dow Jones
 

DTN Videos
 04:18
7/18/2018 Wheat Weaker Wednesday
 07:19
7/6/2018 Health Insurance Costs, Options for 2019
 03:58
7/18/2018 Ring Of Fire Storm Forecast Wednesday
 01:31
7/18/2018 Grains Firm Wednesday

DTN Closing Corn Comments
Darin Newsom
Darin Newsom
DTN Sr Analyst
December corn ended up 1 1/4 cents at $3.61 Wednesday, a quiet day of trading that saw some rain reach South Dakota and some of the drier areas of the southern Plains. More rain is expected in the north-central and eastern Corn Belt the next seven days, but only light amounts for the dry corner of the southwestern Corn Belt. Similarly, most of the Corn Belt will enjoy more moderate temperatures during the next five days, while triple-digit temperatures and high 90s remain common in the southwestern Plains. Given the current outlook for the rest of July, corn crop ratings are likely to slip lower, but the major growing areas should continue to do well. The U.S. Energy Department said last week's ethanol production increased from 1.033 to 1.064 million barrels per day while ethanol inventory dropped from 22.4 to 21.8 million barrels. Ethanol continues to provide corn consistent demand support while actual U.S. corn exports are down 4% from a year ago. For now, the trend remains down for December corn. DTN's National Corn Index closed at $3.15 Tuesday, up from its lowest price in 2018 and 31 cents below the September contract. In outside markets, the September U.S. dollar index is up 0.10 after the Federal Reserve's Beige Book said 10 of the 12 Fed districts showed moderate or modest growth. August cattle closed up $2.52, a new three-month high with livestock stressed by hot temperatures in the southern Plains.
  As of 2:20 PM on Jul 18, 2018

Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Sep 18 347'0 347'4 346'4 347'0 -0'2 347'2 08:48P Chart for @C8U Options for @C8U
Dec 18 360'6 361'2 360'4 361'0 0'0 361'0 08:48P Chart for @C8Z Options for @C8Z
Mar 19 372'4 372'6 372'0 372'4 -0'2 372'6 08:48P Chart for @C9H Options for @C9H
May 19 379'0 379'2 379'0 379'0 -0'2 379'2 08:48P Chart for @C9K Options for @C9K
Jul 19 385'2 385'2 385'0 385'0 -0'2 385'2 08:48P Chart for @C9N Options for @C9N
Sep 19 387'6 387'6 387'6 387'6 0'0 387'6 08:48P Chart for @C9U Options for @C9U
Dec 19 391'4 392'0 391'2 391'4 0'0 391'4 08:47P Chart for @C9Z Options for @C9Z
Mar 20 403'6 0'0 403'2s 08:47P Chart for @C0H Options for @C0H
May 20 410'2 410'2 410'2 410'2 0'0 410'2s 08:47P Chart for @C0K Options for @C0K
Jul 20 415'0 415'6 415'0 415'6 -0'2 415'0s 08:47P Chart for @C0N Options for @C0N
Sep 20 406'0 -0'2 408'0s 07:00P Chart for @C0U Options for @C0U
Dec 20 409'2 409'2 407'0 407'0 -0'6 407'4s 08:32P Chart for @C0Z Options for @C0Z
Jul 21 420'2 -0'6 421'2s 07:00P Chart for @C1N Options for @C1N
Dec 21 414'0 414'0 414'0 414'0 -1'0 414'6s 08:25P Chart for @C1Z Options for @C1Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Aug 18 842'0 844'4 840'2 840'4 -1'6 842'2 08:47P Chart for @S8Q Options for @S8Q
Sep 18 847'6 850'2 846'0 846'0 -2'0 848'0 08:47P Chart for @S8U Options for @S8U
Nov 18 857'4 860'0 855'4 856'0 -1'6 857'6 08:47P Chart for @S8X Options for @S8X
Jan 19 868'4 870'0 865'4 865'4 -2'4 868'0 08:47P Chart for @S9F Options for @S9F
Mar 19 877'6 879'2 875'0 875'0 -2'2 877'2 08:47P Chart for @S9H Options for @S9H
May 19 886'4 888'0 884'4 884'4 -2'0 886'4 08:47P Chart for @S9K Options for @S9K
Jul 19 895'2 896'2 892'6 892'6 -2'2 895'0 08:47P Chart for @S9N Options for @S9N
Aug 19 894'0 3'0 896'2s 08:45P Chart for @S9Q Options for @S9Q
Sep 19 891'6 892'0 891'6 892'0 3'0 891'0s 08:48P Chart for @S9U Options for @S9U
@SM - SOYBEAN MEAL - CBOT
Month Open High Low Last Change Close Time More
Aug 18 3285 3298 3280 3281 - 1 3282 08:47P Chart for @SM8Q Options for @SM8Q
Sep 18 3273 3282 3270 3270 3270 08:48P Chart for @SM8U Options for @SM8U
Oct 18 3265 3274 3260 3261 - 2 3263 08:48P Chart for @SM8V Options for @SM8V
Dec 18 3257 3271 3254 3255 - 1 3256 08:48P Chart for @SM8Z Options for @SM8Z
Jan 19 3242 3249 3234 3236 4 3232 08:48P Chart for @SM9F Options for @SM9F
Mar 19 3189 3191 3184 3185 4 3181 08:48P Chart for @SM9H Options for @SM9H
May 19 3172 3172 3172 3172 11 3161 08:46P Chart for @SM9K Options for @SM9K
Jul 19 3189 3189 3188 3188 12 3176 08:45P Chart for @SM9N Options for @SM9N
Aug 19 3191 3191 3191 3191 14 3177 08:45P Chart for @SM9Q Options for @SM9Q
@BO - SOYBEAN OIL - CBOT
Month Open High Low Last Change Close Time More
Aug 18 28.08 28.12 28.00 28.02 -0.05 28.07 08:48P Chart for @BO8Q Options for @BO8Q
Sep 18 28.17 28.23 28.10 28.12 -0.05 28.17 08:48P Chart for @BO8U Options for @BO8U
Oct 18 28.28 28.31 28.20 28.20 -0.06 28.26 08:48P Chart for @BO8V Options for @BO8V
@HE - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Aug 18 68.150 68.225 67.100 67.500 -0.700 67.200s 04:09P Chart for @HE8Q Options for @HE8Q
Oct 18 52.450 52.450 51.325 52.050 -0.275 51.925s 04:09P Chart for @HE8V Options for @HE8V
Dec 18 47.875 47.875 46.600 47.150 -0.450 47.025s 02:30P Chart for @HE8Z Options for @HE8Z
Feb 19 54.700 54.850 53.725 54.550 54.425s 04:09P Chart for @HE9G Options for @HE9G
Apr 19 60.000 60.325 59.325 60.300 0.400 60.125s 04:09P Chart for @HE9J Options for @HE9J
May 19 66.075 0.175 66.250s 01:05P Chart for @HE9K Options for @HE9K
Jun 19 70.075 70.825 69.800 70.800 0.475 70.575s 04:09P Chart for @HE9M Options for @HE9M
Jul 19 70.550 71.325 70.550 71.325 0.250 70.850s 04:09P Chart for @HE9N Options for @HE9N
Aug 19 70.750 0.250 70.750s 01:05P Chart for @HE9Q Options for @HE9Q
Oct 19 59.725 61.750 59.725 60.825 1.825 61.550s 04:09P Chart for @HE9V Options for @HE9V
Dec 19 56.000 1.625 57.500s 04:09P Chart for @HE9Z Options for @HE9Z
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Aug 18 106.675 109.150 106.350 109.100 2.525 108.950s 04:09P Chart for @LE8Q Options for @LE8Q
Oct 18 108.500 110.775 108.350 110.750 2.150 110.650s 02:30P Chart for @LE8V Options for @LE8V
Dec 18 112.550 114.325 112.475 114.300 1.575 114.200s 04:09P Chart for @LE8Z Options for @LE8Z
Feb 19 116.200 118.225 116.200 118.175 1.725 118.125s 04:09P Chart for @LE9G Options for @LE9G
Apr 19 117.400 119.275 117.400 119.200 1.500 119.200s 04:09P Chart for @LE9J Options for @LE9J
Jun 19 110.800 112.325 110.800 112.250 1.350 112.250s 04:09P Chart for @LE9M Options for @LE9M
Aug 19 110.400 111.500 110.075 111.400 1.300 111.400s 01:05P Chart for @LE9Q Options for @LE9Q
Oct 19 112.000 113.125 112.000 113.125 1.225 113.075s 04:09P Chart for @LE9V Options for @LE9V
Dec 19 112.500 1.225 114.400s 04:09P Chart for @LE9Z Options for @LE9Z
@GF - FEEDER CATTLE - CME
Month Open High Low Last Change Close Time More
Aug 18 151.675 154.900 151.150 154.550 3.175 154.450s 04:08P Chart for @GF8Q Options for @GF8Q
Sep 18 152.075 154.925 151.500 154.850 2.950 154.650s 04:08P Chart for @GF8U Options for @GF8U
Oct 18 152.275 154.875 151.700 154.750 2.725 154.725s 02:30P Chart for @GF8V Options for @GF8V
Nov 18 151.975 154.450 151.625 154.400 2.375 154.275s 04:08P Chart for @GF8X Options for @GF8X
Jan 19 150.350 152.600 149.950 152.525 2.100 152.425s 01:05P Chart for @GF9F Options for @GF9F
Mar 19 148.975 151.175 148.800 151.100 1.825 150.975s 01:05P Chart for @GF9H Options for @GF9H
Apr 19 149.250 151.250 149.250 151.250 1.775 151.050s 01:05P Chart for @GF9J Options for @GF9J
May 19 149.800 150.550 149.800 150.550 1.550 150.550s 01:05P Chart for @GF9K Options for @GF9K
@DA - MILK CLASS III - CME
Month Open High Low Last Change Close Time More
Jul 18 14.24 14.27 14.20 14.21 0.01 14.25s 04:46P Chart for @DA8N Options for @DA8N
Aug 18 15.15 15.16 15.15 15.16 0.07 15.09 08:13P Chart for @DA8Q Options for @DA8Q
Sep 18 15.70 15.70 15.70 15.70 0.08 15.62 08:25P Chart for @DA8U Options for @DA8U
My Custom Markets
Symbol Open High Low Last Change Close Time More

My LDP
 
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County LDP
USDA has adjusted the calculations of LDP data.
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