Chinese restaurant robberyRanks of D Division (West Bank Demerara-East Bank Essequibo) were able to apprehend two of three bandits who reportedly attacked and robbed the proprietor of the New Hong Kong Restaurant on Tuesday night.One of the men has since confessed to the robbery.Reports are the three men armed with cutlasses invaded the Goed Fortuin, West Bank Demerara restaurant at about 23:00h on Tuesday.The Chinese proprietor was robbed of an undisclosed sum of cash and cellular phones. Following the robbery, an alarm was raised and Police who responded promptly were able to comb through the area. One of the bandits was found hiding in a latrine with the cutlass.Another suspect has since been apprehended and both men are said to be cooperating with the Police as they continue with their investigations.
– says he “enjoys my respect, it’s his policies we are critical of”Given President David Granger’s recent concern about being criticised by Opposition Leader Bharrat Jagdeo and his party, the People’s Progressive Party (PPP), Jagdeo has clarified that the criticisms are targeted at the President’s policies and not him as an individual.Jagdeo stressed that Granger was chair of Cabinet and was responsible for policies in the Government, unlike ceremonial presidents who do not have to account to the electorate. He explained that Granger held executive power and was the final decision-maker in the current Government.President Granger had told a section of the press that former Presidents should not be criticising the current President because they had their time to govern. He also recalled Jagdeo and other Opposition parliamentarians disrupting his speechOpposition Leader Bharrat Jagdeoin Parliament and heckling him.But Jagdeo maintained that Granger’s concerns were unfair because he (the President) has been critical of the PPP as well. “Our president is an executive president and, therefore, has to account for the policies that his Government is pursuing. So, it is not because we hate President Granger as an individual; in fact, as a Guyanese we share common history, common blood, everything else. But we have to point out the deficiencies of his Government,” the Opposition Leader stated.Jagdeo said too that while the President has facilitated discourse with him, particularly to look at constitutional matters, he was more concerned with finding a solution to the issues he had raised with him. “It is what he has done about those issues that are affecting the nation and if he has done nothing about them – although they are affecting the lives of hundreds of thousands of our people all across Guyana, then we have to be critical of him,” Jagdeo explained.In listing some of these concerns, the Opposition Leader noted that Guyanese at large have been dissatisfied about a $60 billion increase in taxes on food, water, electricity and machinery for the productive sector. Jagdeo said he has also raised concerns about increased borrowing, citing the $100 billion overdraft at the Bank of Guyana, US$150 million of development borrowing, $30 billion bond for the sugar industry, and the failure to issue titles to Amerindian lands.“So, bringing these things to the attention of the President is not personally disparaging him. The attention that we bring to the public and to him on thesePresident David Grangermatters is to basically ask him to account for his policies,” Jagdeo added, explaining that other issues of concern to Guyanese include the fate of fired sugar workers and those employed in the local bauxite industry. “We have nothing personal against the President, but we have to get answers to these issues. I will be abdicating my responsibility as Leader of the Opposition if I did not raise these issues,” Jagdeo added. Nevertheless, he said he was committed to working with the Guyanese Head of State on any matter of national importance aimed at bringing progress and/or relief to the Guyanese people.“Let me make it quite clear here that President Granger enjoys my respect as would any Guyanese, and he – in spite of our concerns about the last elections – he is the President of this country at this point in time and we must all respect that,” Jagdeo stated.
Businessman Marcel Gaskin has moved to the High Court to challenge the constitutionality of President David Granger’s reasoning behind his rejection of Opposition Leader Bharrat Jagdeo’s list of six nominees for the post of Chairman of the Guyana Elections Commission (GECOM).Gaskin is the brother of the Business Minister Dominic Gaskin, who is the son-in-law of the President. The businessman wants the court to determine whether Jagdeo’s list of nominees was indeed not “fit and proper” as declared by President Granger.Granger has maintained that the list of nominees must include a Judge, a retired Judge or a person qualified to be a Judge. But Jagdeo has argued that the nominees do not have to be Judge-type as the Constitution makes provision for another group of persons under the category of “fit and proper”.The former GECOM Chairman, Dr Steve Surujbally is not of a Judge-type and neither were most of the past chairpersons.Granger, who is a longstanding member of the People’s National Congress, had accepted the nomination to serve as GECOM Chairman several years ago.Jagdeo had nominated Attorney Christopher Ram, Conflict Resolution Specialist Lawrence Lachmansingh, Retired Major General Norman McLean, Business executive Ramesh Dookhoo, Indian Rights Activitst Rhyaan Shah and History Professor James Rose.The search for a new Chairman has been a rollercoaster ride given the different interpretations between the Leader of the Opposition and the President on the relevant section of the Constitution of Guyana which outlines the selection process for a new Chairman of GECOM.Following weeks of impasse, Jagdeo finally agreed to return to the drawing board and submit a new list of nominees.However, the civil society groups, which he has consulted with for recommendations for the posts are finding difficulties in identifying suitable persons in accordance to the President’s criteria.His conditions disqualify any form of activists and persons affiliating with political parties to be nominated to the post.Nonetheless, Jagdeo has pledged his commitment to submit a fresh list of nominees for the President’s consideration given the urgency of the matter.Concerns have been raised about the President moving to unilaterally appoint a GECOM Chairman if he continues to find the list of nominees submitted by the Opposition Leader “unacceptable.”In fact, given the difference in interpretations of the Constitution, Jagdeo had suggested moving to the courts to rule on the correct nature of the relevant section of the law.The case filed by the businessman comes up before acting Chief Justice, Roxanne George-Wiltshire next week. The respondents are Attorney General Basil Williams and Opposition Leader Jagdeo.
AD Quality Auto 360p 720p 1080p Top articles1/5READ MORESanta Anita opens winter meet Saturday with loaded card Heavyweights Giovanni Seurran (27-2) of Palmdale and Jason Fonzi of Quartz Hill and 112-pounder Jeff Merrill (25-1) of Lancaster also are in the field. Fonzi went 8-0 while winning his weight class at last week’s Bobby Loughridge Tournament at Highland. Remembering De John: Twelve-time Golden League champion Highland, which won the first three of this season’s High Desert tournaments – the Lancaster Invitational, Quartz Hill Rebel Classic and Bobby Loughridge – is attempting a title defense today in the Sam De John Tournament at San Fernando High. Former San Fernando wrestling coach Sam De John got Highland coach Mike Young started in wrestling and coaching, leading to Young taking a state-leading 601 career victories into this weekend. “He was the man who really changed my life and the lives of a lot of other people and someone I really miss,” Young said of De John, who died in 2003. Young will have most of his 30-7 team at San Fernando for competition scheduled to start at 10 a.m. Host Antelope Valley High and four other Southern Section top-10 wrestling teams compete in the final rounds of the Golden Challenge today. The first two rounds of the 13-team event’s individual-competition tournament concluded Friday. The last of four varsity tournaments scheduled by Antelope Valley School District teams this season, the Golden Challenge features Lakewood (ranked No. 8 in Div. III), Monrovia (No. 5 in Div. VI), Bishop Union (No. 9 in Div. VI), Antelope Valley (No. 10 in Div. V) and a split squad from Highland (No. 3 in Div. V). Competition resumes at 10 a.m. with a field that includes Golden League entries Lancaster, Knight and Quartz Hill. Top area entries include Antelope Valley’s Eric Timson (145 pounds), a returning Masters Meet qualifier who is 23-3 with 16 pins and five technical falls this season. Young’s son and De John’s godson, Stuart Young, a former Highland wrestler who now is Littlerock’s wrestling coach, will have his team at San Fernando. The De John has one of its stronger fields this year, with defending Southern Section Div. V Dual Meet champion Royal of Simi Valley, defending City Section champion Bell and 10-time City Section champions San Fernando and El Camino Real of Woodland Hills. Highland is one of four Southern Section top-10 teams on hand, with Royal (top-ranked in Div. V), Simi Valley (No. 9 in Div. V) and Crespi of Encino (No. 6 in Div. VI). Looking ahead: Highland’s bid for a fourth consecutive Golden League championship will be challenged by visiting Antelope Valley in a Feb. 1 league finale. Both are undefeated in league and ranked in the Southern Section Div. V top 10. The only Golden League team to defeat Highland in a league match was Littlerock, which won in 2002 and went on to win the Southern Section Div. VI Dual Meet championship. The league tournament, which determines Southern Section qualifiers, is scheduled Feb. 4 at Quartz Hill, with surviving wrestlers advancing to the Feb. 17-18 section individual finals. The Masters Meet, the final qualifier for the State Meet, will be held Feb. 24-25 at Fountain Valley. State competition will be March 3-4 at Bakersfield. Dave Shelburne, (818) 713-3609 firstname.lastname@example.org 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!
Dunfanaghy Golf Club Notes:We have had a fantastic week during the festive break at Dunfanaghy Golf club. The course was busy each day and everyone commented how good the condition of the course for this time of the year.A word of congratulations to our captain Ger who finished his year in style with a hole in one on the 2nd. There was a large crowd at the new year’s eve party and well done to everyone who helped make the night a great success. The committee has met already and have planned a number of great nights for the year ahead. It bolds well for a great year at the club. Can all members please make a effort to pay their annual subscriptions as soon as possible to the club. It will help in making plans for the year ahead. Captain’s Drive In:The Captain’s Drive in was held on Saturday with beautiful weather conditions. The sun came out for Eugene and Mabel. Let’s hope it continues throughout the year. The course was in great condition considering the weather we have been having of late. The course is a credit to Paul and his staff. There was a large crowd for the Drive In and both Eugene and Mabel hit beautiful drives off the first tee. I think Mabel might have the bragging rights for the moment. Over 100 golfers took to the course for the scramble afterwards. They were all served with a beautiful stew in the clubhouse afterwards prepared by Mary Lafferty and Kevin Boyce. The stew went down a treat. Both our Captain’s Eugene and Mabel would like to thank everyone who attended their Drive In on Saturday. The prize winners were as follows:Captain’s Drive In Sat 3rd January 2015;1st: Michael Kelly, Eric Mc Minnis, Marsha Mc kendry, Tony Mc Gilloway2nd: Keith Lapsley, Fergus Mullen, John Mc Hendry, Pauline Smyth3rd: Margaret Witherow, Andy Murray, Jason Mc Kinley, Kathleen Boyle4th: Gerald Dalton, Danny Sweeney, Cliff Lenihan4 BBB Stableford 29th December 2014: 1st: Matt Cohen/ Cliff Malone 40 pts bot2nd: Andy Murray/ Paul Smyth 40ptsCSS n/qSunday Gents Stableford 28th December 2014: 1st: Colin Higgs 40pts2nd: Andy Murray 39ptsGross: Brian Dolan 29pts bot3rd: Leslie Sterritt 38ptsCategory: Paddy Hegarty 32pts1st nine; Brendan Kelly 21pts2nd nine; Michael Ward 23ptsCss; 37ptsWednesday Open Gents Stableford 31st December 2014:1st: Derek Ervine 42pts2nd: Michael Griffith 40ptsGross: Jason Conway 33pts3rd: Michael mc Ginley 39ptsCategory: Cairns Witherow 34pts1st nine; Paddy Hegarty 20pts2nd nine; Gerard Dunleavey 20ptsCss; 36ptsSunday Gents stableford 4th January 2015Collan Keegan 37pts BOTColin Higgs 37 ptsCSS N/QThere is a number of competitions in the next week –• Wednesday 7th of January 2015 – Open Singles Stableford (soup and sandwiches)• Saturday 10th of January 2015 – Open 4BBB Stableford• Sunday 11th of January 2015 – Club Gents Stableford• Monday 19th January 2015 Seniors Ladies and Gents 18 hole singles stabllefordN.B. Remember we are dropping off the fairways from the 1st of January to give the fairways a well-deserved rest.4 BBB Winter Open Competition:The qualifiers for December were as follows:1st; Billy Griffen/ Gerald Dalton2nd: Maggie Foy/ Margaret Witherow3rd: Paul Harrin/ Michael Murray4th: Brendan Kelly/ Michael KellyWe are reaching half way in this competition and there has been good numbers participating in this competition. I know everyone will want to play in the Grand Final in June. So don’t leave it too late to try and qualify. You are able to play in this completion on any day of the week and with who ever you wish to play with, so long as they have a GUI or ILGU handicap. Best of luck to everyone in January. Remember the best club team outside of 1st,2nd and 3rd qualifies for the final each month.Juvenile notes;The results of Santa’s recent travels were very evident last Saturday morning with new Clubs, Bags, Trolleys, clothing, etc. all being tried out for the first time. It was the Kelly show on the course with Rory leading the way in the Cadets and his older brother Luke lifting the main prize after a very exciting playoff with James Sweeney, which looked to be going James’s way only for Rory to hole a long putt on the 1st playoff hole to extend the playoff.GOLF NEWS: COLIN HIGGS ON TOP FORM IN DUNFANAGHY was last modified: January 6th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:DunfanaghygolfNoticesSport
Killybegs Community Council is holding a public meeting to hear opinions on the proposed development of the Diamond area by Donegal County Council.The meeting will take place in the Bayview Hotel on Thursday 27th June at 8pm.Views and suggestions will form part of the Killybegs Community Council’s submission. Donegal County Council, as part of the Killybegs Regeneration project, are proposing to transform the existing public car park at the Diamond to a civic space which will regenerate the area, encouraging visitors and residents to spend more quality time in the town centre.Plans for the redevelopment of Island House have been published online.Submissions in respect of the development may be made in writing to Donegal County Council, Lifford before 4:30pm on Wednesday 3rd July 2019.Transformation of Killybegs Diamond to be discussed at public meeting was last modified: June 23rd, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)
The national Zoological Gardens in Pretoria is a world-acclaimed conservation and research centre. Image: Wikimedia) The Cape mountain zebra is one of the endangered species bred successfully by the National Zoological Gardens’ conservation centre. Image: Arkive) MEDIA CONTACTS • Craig AllenbyPretoria zoo marketing manager+27 12 328 3265RELATED ARTICLES • SA gets new coastal conservancy • SA marks Year of Biodiversity • SA biologist wins thesis award • A monkey first in South Africa Janine ErasmusSouth Africa’s Department of Science and Technology has earmarked R2-million (US$266 306), to be disbursed over the next three years, for the National Zoological Gardens.Most of the funds will go to the organisation’s new Centre for Conservation Science. This modern facility was opened in March 2009 by science minister Naledi Pandor, and aims to become a recognised centre of excellence in the spheres of conservation biology and conservation science.“The establishment of this centre marks a milestone in the history of the zoological gardens and puts it amongst a select few zoos that have dedicated research capacity,” said Pandor during an official visit to the centre in April 2010.“The centre’s focus on conservation medicine and conservation science places it at the forefront of innovation in zoo-based research.”The public are encouraged to visit the centre and observe the researchers at work. This, said Pandor, would help enormously in building awareness of the importance of science in addressing conservation problems, and would also boost youngsters’ interest in a science career.The conservation centre houses laboratory and office space, a library and computer training room, and state-of-the-art medical facilities – including an operating room, isolation ward, pharmacy and radiology unit.Not just a home for animalsSouth Africa’s main zoo is located in Pretoria and was founded in 1899, just after the outbreak of the Anglo-Boer War, by medical doctor Jan Gunning, who was also director of the Staatsmuseum, later named the Transvaal Museum.Gunning took over the farm Rus in Urbe when its former tenants left to join the war, and quickly set about relocating a small collection of animals which were destined for the taxidermist to be put on display in the museum. The zoo received national status in 1916 and is the only facility in the country to have achieved this milestone.The 80ha zoo is a national research facility run by the National Research Foundation, and must comply with strict criteria set by the independent government agency. These include access for researchers to all facilities, the establishment of international links, and the initiation of projects involving fundamental and applied research.Until 2004 it was a cultural institution that fell under the Department of Arts and Culture, but its new designation since then has led to the establishment of a well-functioning department made up of the former research and veterinary divisions.It is expected to contribute immensely to biodiversity conservation research in South Africa, and to serve as a source of future conservation scientists who will participate in the field on both a local and international level.Current director Dr Clifford Nxomani said that the support of the science department and National Research Foundation would give the zoo the impetus to reach its full potential as a world-class research facility.Some of the initiatives currently underway are the maintenance of national genetic databases for wildlife; a disease diagnostics facility and database; and the Shape Africa programme, which runs under the international Shape of Enrichment initiative and works to enhance the conditions of captive animals.Research and conservationOver 7 000 animals, representing more than 600 species of birds, mammals, fish, reptiles, amphibians and invertebrates, make their home in the National Zoological Gardens. The collection is made up mostly of African animals, with around 30% representing alien species.The animals live on four different sites which stretch across the Gauteng, Limpopo and North West provinces. They are the Pretoria zoo, two biodiversity conservation centres in Lichtenburg, North West province, and Mokopane, Limpopo, and the Emerald Animal World in Vanderbijlpark, Gauteng.The two conservation centres were established in 1974 and 1981 respectively, while the 203ha Emerald complex, a satellite zoo and game park, was launched in 2001.The South African animal institution is a member of the World Association of Zoos and Aquaria and contributes to a number of management programmes for endangered animals. It has also managed to establish successful breeding programmes for several endangered species – including Arabian oryx, lemurs, black and white rhino, and Cape mountain zebra – at its conservation centres.The National Zoological Gardens is a world-renowned facility, ranked in the world’s top 10. Its fifth director, Willie Labuschagne, was elected as president of the World Association of Zoos and Aquariums in 1999. Ten years earlier Labuschagne founded the Pan-African Association of Zoological Gardens, Aquaria and Botanic Gardens, now known as the African Zoo Association.Education and entertainmentAbout 200 000 school children visit the zoo annually, and for those who have no way of getting there, the mobile outreach vehicles connect with a further 5 000 pupils in outlying areas. Around 700 teachers attend workshops in Life Science education every year, while the ZooClub continues to innovatively educate children through activities such as nature trail walks and camping, talks, and visits to areas of natural importance like Maropeng.The institution also offers assistance to undergraduate students for their projects. These include veterinary students from Onderstepoort, where Pretoria University’s Veterinary Science faculty is situated.
A lecture building at NWU’s Mafikeng campus. Prof Dan Kgwadi said the new science centre will benefit communities of North West. (Images: Bongani Nkosi) MEDIA CONTACTS • Phenyo Mogkothu Communications Officer North West University +27 18 389 2276 or +27 76 689 9250RELATED ARTICLES • Giant leap for science in Ethiopia• First university for Mpumalanga • Budget big on education, jobs • Science university for BotswanaBongani NkosiA new science centre that recently opened at the North West University’s (NWU) Mafikeng campus is meant to benefit the community as much as it does the institution’s students.“It serves the major purpose of bringing the community into the university,” said NWU Mafikeng campus rector Prof Dan Kgwadi during an interview in the North West province’s capital city. “It’s a bridge between the community and the university.”NWU’s Mafikeng campus is located in Mmabatho unit 6, a middle-class community surrounded by many townships and villages.NWU is aiming to attract primary and high school learners, their teachers and the general community. According to the institution, some of the advantages for communities include access to NWU’s infrastructure and specialist information on science and technology, and advice on career opportunities in the discipline of science.Minister of Science and Technology Naledi Pandor officially opened the centre on 30 August. It’s equipped with new science, engineering and technology instrumentation funded by the department to the tune of R500 000 (US$67 000).The North West Department of Education, local municipalities, Mafikeng FET and Department of Science and Technology all collaborated with NWU for the creation of the R1.6-million ($200 000) science centre. Previously the closest science centre in the North West province was over 200 km from Mafikeng, according to the university.Learners from the province are welcome to use the centre for their science projects. “It’s more to promote science in disadvantaged communities,” Kgwadi said. “We hope that interest will be inculcated in the young ones to pursue careers in science.”The centre is expected to host about 75 000 learners each year.Every community member is welcome in the centre, said Kgwadi. “Parents can also bring their children to visit the centre – by so doing they promote interest in science.”To raise awareness, the university is organising trips to the centre for learners from surrounding areas. Kgwadi said they are currently making arrangements with a local chief to bus in learners from his village. Four other villages will also visit soon.The North West Department of Education is planning to bring in about 300 learners, a visit that should have already happened but has been disrupted by the ongoing public teachers’ strike.“We’ll continue to invite learners,” said Kgwadi.No more once-off science weeksPreviously the university used to host science weeks. However, the advantage now is that learners in the province will be exposed to the field of study permanently, Kgwadi noted. “This centre ensures that we do not just host a week of science, but that people can come at any time to find out more.”The national science department organises science weeks in August every year.During the centre’s opening ceremony Pandor said funding science centres like that of NWU is another way of enticing young South Africans to discover science.“In fact, we believe science centres have a crucial role to play in strengthening grassroots science awareness campaigns,” she said. “This is particularly important for provinces such as the Northern Cape and Mpumalanga. They do not have the benefit of housing some of our country’s leading universities and research facilities, unlike Gauteng and the Western Cape, for example.”
Share Facebook Twitter Google + LinkedIn Pinterest Arguably, the report last week was the third most important report of the year (after planting intentions in late March and the actual planting and stock report in late June). It showed the final yield results for 2016. CornThere were few changes to the corn bottom line. Corn still shows a 2.3 billion bushel carryout, which is 30% bigger than last year. There will need to be a substantial reduction in acres (and most likely yields too) to support a substantial rally. BeansThe report shows a small reduction in the U.S. crop production, which may be seen as bullish. However, there is still a 400 million bushel carryout. Also, the USDA increased the South American crop estimates more than the US crop reduction. This is despite some flooding in Argentina, because the Brazil harvest is supposed to be a record.Regardless of this news, bean futures remain strong. This probably is because the market has seen that in the last five out of six years the USDA has had to reduce South American yields later in the year. WheatThe report indicated that wheat planted acres are expected to be at record lows, unseen in over 100 years. Around 30% of the reduction is expected to be in Kansas alone. Another 30% will be from Oklahoma and Texas combined. Nebraska, South Dakota and Montana will also see large reductions. Despite these reductions, a huge rally is still unexpected since next year’s domestic usage is already in storage. Also, since the U.S. exports 50% of its wheat, the dollar will be an important factor in wheat’s direction this year.The obvious question is, what will these wheat acres be planted to? Based upon market conditions today, I suspect a lot of additional bean acres. DDGs and Chinese tariffsLast Wednesday there were reports of China imposing higher tariffs on DDGs. Some suspect this was the reason corn and beans traded lower the day prior to the report. I doubt this was a good reason for lower trade because DDG prices were extremely stable following the Chinese announcement, and many in that trade had already accounted for this issue. One trader even reported it will now make it easier to trade DDGs to China, now that a tariff level can be factored into prices. Regardless, even if the tariff could cause DDGs to be removed from feed rations in China, this would increase the demand for corn and bean meal as a replacement. Ultimately, Chinese tariffs on DDGs will not affect corn and bean prices much on a macro level in the longer term. Option Strategy Part 2Recently I’ve written several on common marketing strategies that I see brokers recommending to farmers that I may not recommend. I want farmers to understand all of the pros and cons of these strategies and why some may look good on paper, but in reality may not be the best for a farmer. Following is a common strategy brokers recommend before big USDA reports, like the one last week. Option strategyWith March corn futures trading near $3.60 before the report, some brokers were advising farmers to purchase March $3.50 puts for around 5 cents. Basically, this trade allows farmers to guarantee a floor prices of $3.45 through the end of February. Why would a farmer do this?In theory, this would protect down side risk on unsold bushels in storage, while allowing for upside potential if a surprise drop in yield from the USDA report pushes futures higher. This protection has no margin call risk and only 5 cents cost upfront. What are your concerns with this trade?My biggest concern is the put provided a floor price of $3.45. Regardless of the direction of the market, the farmer doing this trade ends up behind. The following shows why. What happens if the market drops after the report?Farmers doing this trade need to ask themselves, how low do you expect the market to go? While I don’t know where futures will go, I doubt the market will trade much out of the range of the last few months, even with an unexpected increase in yield or production. Farmers have been extremely reluctant to sell corn when futures are below $3.45 in the last three months. So while $3.30 may happen, I doubt it will last long. Even if prices do go lower, this trade only protects farmers through Feb.Let’s say the market does drop after the report, even then this trade is most profitable if the farmer can guess where the bottom is and sell the put back. Say the market drops to $3.30, and the farmer sells the put. Their profit will be 15 cents ($3.50 – $3.30 = 20 cents – 5 cents cost of put). While 15 cents profit may sound good, the farmer is now unprotected again and the market has to go up again considerably, when the farmer could have sold for $3.60 the day before the report. A farmer may have to settle for $3.45 or less if the market continues to trade lower. Basically, there is really no benefit for the farmer as they would have been better just selling for $3.60 the day before the report. What happens if the market goes up after the report?If the market rallies, the farmer will need to sell the put quickly to take any remaining value back out before it becomes worthless. This is hard to do, because usually once the market information is available the premium value in the put erodes quickly.Best case scenario: the market rallies more than 5 cents from the $3.60 point and the farmer sells the put quickly and maybe only loses 2 cents. Otherwise they lost 5 cents and don’t have anything sold and still have the risk of a market drop down the road. What happens if the market continues to go nowhere?If the market continues to trade between $3.50-$3.65 the farmer will eventually lose all of the put value and be left with nothing but a 5 cent loss. Again, this trade doesn’t benefit a farmer in a sideways market. So buying a put for 5 cents isn’t a good hedging idea?I’m not saying that. Farmers just need to ask questions:What is the goal of the trade?Looking at historical trends, where will prices likely go? (Not where the farmer hopes they will go.)If a farmer told me they were worried about prices going down after the report, I wouldn’t recommend that they put a floor on their grain 15 cents less than what it is currently trading at before the report. Plus, if the market did go up or sideways, the farmer will lose the put money. There are only three directions the market can go (up, down or sideways). So, if a trade only makes money if the market goes in one direction, then in my opinion it’s a risky and undesirable trade.Also, in this trade should the market go a lot lower the best the farmer could get would be $3.45, rather than taking $3.60 before the report. To me this is a lose-lose-lose situation. What if a farmer did this trade?Now that the report is out, we know the market went sideways. Friday closed at $3.58, and puts are still worth about 4 cents. This means a farmer who did this trade is only out 1 cent (plus any commissions occurred, likely another 1 cent). While it may not seem terrible to be out 2 cents, with the market trading sideways, unsold farmers really can’t afford wasting 2 cents on trades that are mostly set up for them to lose.Options can be effective tools in a farmers marketing strategy. However excessively trading them with no real purpose or strategy will likely leave the farmer frustrated. And in many cases, they are no better off.Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at email@example.com.
Share Facebook Twitter Google + LinkedIn Pinterest The Ohio Cattlemen’s Association (OCA) Junior Show was held Sunday, March 18 during the 2018 Ohio Beef Expo at the Ohio Expo Center, Columbus, Ohio. The annual show spotlighted nearly 900 steers and heifers. Mark Johnson, Oklahoma, evaluated the breeding heifers while Amanda Schnoor, California, assessed the market animals. For a complete list of sponsors, visit www.ohiobeefexpo.com. The champions of the event were as follows: Breeding Heifers Grand Champion Addison Jones, Allen County – Champion AngusReserve Champion Caitlin Schaub, Auglaize County – Champion % Simmental3rd Overall Paige Pence, Clark County – Reserve Champion Angus4th Overall Samantha VanVorhis, Wood County – Champion Purebred Simmental5th Overall Hailee Carter, Holmes County – Champion MaineTainer6th Overall Kathy Lehman, Richland County – Champion Chianina7th Overall Karlie Kennedy, Adams County – Champion Crossbred8th Overall Hanna Schroeder, Putnam County – Champion ShorthornPlus9th Overall Olivia Wood, Clinton County – Champion Shorthorn10th Overall Chris Tooms, Muskingum County – Reserve Champion MaineTainer Champion Angus Addison Jones, Allen CountyReserve Angus Paige Pence, Clark CountyChampion Chianina Kathy Lehman, Richland CountyReserve Chianina Abbie Collins, Preble County Champion Hereford Jenna Phelps, Union CountyReserve Hereford Maddox Cupp, Fairfield County Champion High % Maine-Anjou Samantha VanVorhis, Wood CountyReserve High % Maine-Anjou Lori Millenbaugh, Crawford County Champion MaineTainer Hailee Carter, Holmes CountyReserve MaineTainer Chris Tooms, Muskingum County Champion Shorthorn Olivia Wood, Clinton CountyReserve Shorthorn Caroline Winter, Pickaway County Champion ShorthornPlus Hanna Schroeder, Putnam County Reserve ShorthornPlus Reed Hanes, Mercer CountyChampion Purebred Simmental Samantha VanVorhis, Wood CountyReserve Purebred Simmental Justin Reed, Sandusky County Champion % Simmental Caitlin Schaub, Auglaize CountyReserve % Simmental Reed Hanes, Mercer County Champion Miniature Hereford Isaac Wiley, Morrow CountyReserve Miniature Hereford Andrew Johnson, Preble County Champion High % AOB Hudson Drake, Ross CountyReserve High % AOB Brooke Egbert, Auglaize County Champion Low % AOB Morgan Neill, Huron CountyReserve Low % AOB Kathy Lehman, Richland County Champion Crossbred Karlie Kennedy, Adams CountyReserve Crossbred Kathy Lehman, Richland County Market Animals Grand Champion Brooke Egbert, Auglaize County – Champion Crossbred, Division III ChampionReserve Champion Brady Turnes, Perry County – Reserve Champion Crossbred, Division II Champion3rd Overall 3rd Overall Elizabeth Heintz, Auglaize County – Third Overall Crossbred, Division II Reserve Champion4th Overall 4th Overall Elizabeth Heintz, Auglaize County – Champion Chianina5th Overall 5th Overall Micayla McClure, Hamilton County – Champion Maine-Anjou6th Overall 6th Overall Addie Shaffer, Lake County – Fourth Overall Crossbred, Division III Reserve Champion7th Overall 7th Overall Kassidy Thompson, Miami County – Champion ShorthornPlus8th Overall8th Over 8th Overall Fox Morgan, Perry County – Fifth Overall Crossbred, Division I Champion9th Overall 9th Overall Hudson Drake, Ross County – Reserve Chianina10th Overall 10th Overall Harrison Blay, Portage County – Reserve Maine-Anjou Champion Angus Carly Sanders, Highland CountyReserve Angus Avery Wood, Clinton County Champion Chianina Elizabeth Heintz, Auglaize CountyReserve Chianina Hudson Drake, Ross County Champion Hereford Ross Michael, Montgomery CountyReserve Hereford Ashton Bain, Highland County Champion Maine-Anjou Micayla McClure, Hamilton CountyReserve Maine-Anjou Harrison Blay, Portage County Champion Shorthorn Abigail Thornton, Fairfield CountyReserve Shorthorn Taylor Muhlenkamp, Mercer County Champion ShorthornPlus Kassidy Thompson, Miami CountyReserve ShorthornPlus Delaney Chester, Warren County Champion Simmental Carter McCauley, Guernsey CountyReserve Simmental Grant Belleville, Wood County Champion Miniature Hereford Noah Smith, Sandusky CountyReserve Champion Miniature Seamus Bly, Lake County Champion AOB Sydney Sanders, Highland CountyReserve AOB Wally Minges, Butler County Champion Market Heifer Josh Champer, Madison CountyReserve Market Heifer Payton Freed, Muskingum County Champion Division I Crossbred Fox Morgan, Perry CountyReserve Division I Crossbred Hayden Belleville, Wood County Champion Division II Crossbred Brady Turnes, Perry CountyReserve Division II Crossbred Elizabeth Heintz, Auglaize County Champion Division III Crossbred Brooke Egbert, Auglaize CountyReserve Division III Crossbred Addie Shaffer, Lake County Champion Division IV Crossbred Amelia Willis, Pike CountyReserve Division IV Crossbred Kade Gowitzka, Richland County Champion Division V Crossbred Samantha Augustine, Ashland CountyReserve Division V Crossbred Adam Kinsman, Fulton County Champion Crossbred Brooke Egbert, Auglaize County – Division III ChampionReserve Crossbred Brady Turnes, Perry County – Divsion II Champion3rd Overall Crossbred Elizabeth Heintz, Auglaize County – Division II Reserve Champion4th Overall Crossbred Addie Shaffer, Lake County – Division III Reserve Champion5th Overall Crossbred Fox Morgan, Perry County – Division I Champion