Illinois Beef Association


	IBA Today
	2060 W Iles Ave, Springfield IL 62704 Phone (217) 787-4280, Fax (217) 793-3605 ____________________ Earn Your MBA, Masters of Beef Advocacy Enroll now! Participate Online! ________________________________ Become BQA Certified Online or In the classroom ____________________________________ IFB Quickview Legislative Update June 17, 2009

Beef Talk

USDA shocks markets by estimating
higher corn acreage

Turning concerns into compliance:
Grinding the details of FDA’s feed ban rule

Producers, processors losing online
food news battle to interest groups

Fewer cattle placed on feed in May than expected

Vilsack announces Recovery Act funds for research

Food safety bill passes House committee with
meat industry exemptions

Beef exports, domestic demand decline

Meat industry packs $832 billion economic
wallop, study finds

DeLauro proposes eliminating NAIS funds

Meat groups get nervous about food safety bill

USDA says corn use will exceed production this year

APHIS announces NAIS meetings nationwide

USDA report shows light cattle placed on feed

U.S. red meat production continues to contract


	Beef Events This Week
	(Always click on the calendar for complete details about any event!) Every Tuesday, 7:30 p.m., on RFDTV, don't forget! Cattlemen to Cattlemen Tuesday, June 30, 2009, U of I Dudley Smith Farm Beef Cow-Calf Field Day

Quotes

LC - LIVE CATTLE - CME
	High	Low	Last	Chg
Aug			84.875s	- 0.875
Oct			90.225s	- 0.550
Dec			90.050s	- 0.075
Feb			90.100s	0.200
Apr			90.600s	- 0.400

FC - FEEDER CATTLE - CME
	High	Low	Last	Chg
Aug			103.450s	- 0.325
Sep			102.125s	- 0.050
Oct			102.475s	0.225
Nov			102.500s	0.100
Jan			101.400s	0.400

C - CORN - CBOT
	High	Low	Last	Chg
Jul			345'6s	-6'0
Sep			345'6s	-10'6
Dec			357'4s	-11'6
Mar			371'0s	-11'4
May			380'4s	-11'4

S - SOYBEANS - CBOT
	High	Low	Last	Chg
Jul			1243'0s	-15'4
Aug			1154'0s	-6'4
Sep			1061'0s	-7'4
Nov			1006'0s	-9'4
Jan			1007'6s	-9'6

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Quote of the Day

"A wise man will make more opportunities than he finds."

Sir Francis Bacon (1561 - 1626), English Philosopher

This Day In History

July 3, 1984

Greenidge scores brilliant 214 off 241 balls to win Lord's Test

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Ethanol Plant Back Into Black

Lower corn prices have helped to push our hypothetical ethanol plant back into the black.

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Rust Confirmed in Ala., Tex.


	Beef, It's What's for Dinner
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My Market Watch

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Commodities
CORN ( Jul 09 )		CBOT
3456	- 60	1:41P
SOYBEANS ( Jul 09 )		CBOT
12430	- 154	1:41P
WHEAT ( Jul 09 )		CBOT
5002	- 60	1:41P
OATS ( Jul 09 )		CBOT
2154	- 100	1:41P

Stocks
MICROSOFT CORP		NASDAQ
23.37	- 0.67	3:00P
WAL-MART STORES		NYSE
47.79	- 0.58	3:17P
EXXON MOBIL COR		NYSE
68.49	- 2.07	3:15P
TIME WARNER INC		NYSE
24.21	- 1.13	3:18P

- Mouse over for last update

Local Conditions

Springfield, IL

Chg Zip Code:
Temp:	77^oF	Feels Like:	79^oF
Humid:	62%	Dew Pt:	63^oF
Barom:	30.07	Wind Dir:	ENE
Cond:	Sunny	Wind Spd:	3 mph
Sunrise:	5:35	Sunset:	8:30
As reported at SPRINGFIELD, IL at 7:00 PM


	Local Radar
	Springfield, IL

Local Forecast

Springfield, IL

Saturday	Sunday	Monday
Hi: 73^oF Lo: 65^oF	Hi: 81^oF Lo: 62^oF	Hi: 86^oF Lo: 62^oF

View complete Local Weather

DTN Weather Summary

Rains in Northern Plains Friday

Bryce Anderson (Bio)
DTN Meteorologist

Friday will feature thunderstorms with light to moderate rain in the Northern Plains. This unsettled weather pattern will continue into the Independence Day holiday Saturday over the northern and western Plains through western Midwest. » More DTN Weather Commentary

Posted at 1:32PM
Thu Jul 2, 2009 CDT


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