I wanted to send out a quick informational update about us here at the plant. Due to the current circumstances and the demobilization of the country, during the next couple of weeks Husker Ag has elected to keep one of our plants down. We just completed a spring maintenance turnaround and rather than bring both plants online, we are waiting until we see a more clear picture of the virus and fuel demand as the terminals are starting to fill up.
We are in fine financial standing, with a large unused line of credit, as well as significant cash assets. We will continue to pay timely for your corn.
Also, we are taking every precaution to safeguard our employees, and as such are restricting access to the site by outside visitors and vendors. We also ask that you follow our signs and policies when you are on the property.
This week, the Department of Homeland Security reaffirmed that ethanol plants are a part of the Nation’s Critical Infrastructure. So as such, we are fairly confident that we will continue to operate even in a quarantine situation.
We appreciate your business and we will try to keep updating you as things change.
Domestic ethanol inventory recouped a portion of the prior-week decline as blending demand backed off a near-two-month high and despite lower plant production for a second straight week in March, the Energy Information Administration reported on Wednesday, March 18.
As coronavirus deaths continue to rapidly rise in the U.S. and
economic activity is at a standstill, USDA is likely to issue lower demand
estimates for corn, soybeans and possibly wheat in Thursday's WASDE report, due
out at 11 a.m. CDT. Tune into Thursday's post-report webinar for our thoughts,
as well as spring weather comments from DTN Senior Ag Meteorologist Bryce
Anderson.
See DTN Ag News. BUSDA Reports Preview...
Valuing the energy content in the feedstocks used to create the fuel
for U.S. gas pumps shows it's not corn that's overpriced compared to crude oil.
Rather, crude oil is drastically underpriced during simultaneous demand and
supply shocks.
See DTN Ag News. BKub's Den ...
The National Cattlemen's Beef Association wants the Trump
administration to expand a current USDA investigation into cattle market prices
to include market moves during the COVID-19 outbreak.
See DTN Ag News. BCattle Price Inquiry Sought...
Packing plants in some areas are struggling because of positive
coronavirus cases. Vice President Mike Pence said he spoke with leaders in the
food industry on Tuesday and he implored workers to show up because food
production is vital right now.
See DTN Ag News. =^VP Pence: Food Workers Vital...
The typically stressful season of planting promises to be a welcome
distraction from the year's chaotic developments.
See . FDTN Field Roundup ...
