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Gas prices plummet

The United States saw a huge average fall this week for retail gasoline prices, falling 13 cents to $2.41 this week, bringing the 27-day average price to $2.53. The Midwest region saw the largest fall this week of 19 cents to $2.43, while the Rocky Mountain region saw the smallest decrease of only five cents. The Gulf Coast still has the lowest gas prices in the country at $2.19.

Ohio's gas prices fell 30 cents this week to $2.35, while Minnesota dropped 22 cents to $2.42. The lowest gas prices are in Texas at $2.21.

Markets

Morning Farm Report: Corn prices drop

Live cattle and feeder cattle prices both fell on Tuesday. Live cattle decreased $1.87 to $141.33, bringing the 27-day average price to $146.39. Feeder cattle prices also decreased from $201.83 to $200.28. The $1.55 fall brought the 27-day average price to $211.09. Lean hog prices also fell five cents to $67.98, bringing the 27-day average price to $72.66.

Corn prices saw a huge fall of eight cents to $3.56, while wheat increase one cent to $4.84.

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Farm data in custom farming contracts

As custom harvesters make their way across the United States and Canada this summer, I keep wondering what happens to all that yield data these machines are collecting. I am sure much of the data is forwarded to the landowners and farmers so that they can make decisions for next year. I hope so. But do custom harvesters address this in their agreements?

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Age of accountability

Now is the time for veterinarians to begin working with clients in preparation for changes mandated by the FDA’s new veterinary feed directive (VFD) rule. The new rule takes effect on Oct. 1, 2015, and will immediately apply to those drugs which already require a VFD. It will apply to the new VFD drugs when their new labels are phased in during December 2016.

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