Success!

To all Shareholders,

This isn't going to be a long winded explanation of how we did it, but at the same time, it is worthy of note and all LSCP employee's should be recognized for their fine work this past 3 months.   Some of you may know that LSCP participates in a benchmarking program that is administered by Christianson and Associates, which is our accounting firm.   LSCP had the best ethanol yield for the last 3 months recorded by the 13 Iowa Fagen built plants @ 2.9433 gallons per bushel processed.   The average for the 13 Iowa plants was 2.8497.   LSCP exceeded the average by .0936 gallons per bushel which is truly noteworthy.   We also had very good distillers corn oil extraction results @.9019 # per bushel compared to the Iowa Fagen plants average (.6398#/bushel).

The plant also did well when compared to the 42 plants in the nationwide comparison.   We were second in the ethanol yield per bushel category and second on corn oil production/bushel.

Bragging is not my best trait.  I don't do well at all with taking credit.  I did do my part but when you see an employee of LSCP please give them a thumbs up or a fist bump for a job very well done!!

Steve

 

Market Snapshot
Quotes retrieved on August 29, 2016, 12:53:23 PM CDT
Cash Bids
Name Notes Delivery Start Basis Cash Price Futures Change
Corn
DDGS
MWDGS

Quotes retrieved on August 29, 2016, 12:53:23 PM CDT
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Local Weather

Marcus, Iowa (51035)

Current Conditions: Sunny
Temperature: 75°F Dew point: 70°F
Humidity: 83% Pressure: 30.23 in. Hg
Wind: 5 mph From: South

Forecast

Monday

Hi: 85°
Lo: 65°
Tuesday

Hi: 81°
Lo: 58°
Wednesday

Hi: 81°
Lo: 55°
Thursday

Hi: 78°
Lo: 56°
Friday

Hi: 78°
Lo: 61°

Zip Code:

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Commentary
Soybeans -

Soybean futures are lower at midday with Sept futures down 8 cents, but November only 3 1/4 cents lower.  Inspections for export in the weekly

Corn -

Corn futures are mostly 3 to 4 1/4 cents lower at midday.  The Pro Farmer group estimated the US crop at 14.728 billion bushels on a 170.2 bpa

Ag Market Commentary -

Corn futures are mostly 3 to 4 1/4 cents lower at midday.  The Pro Farmer group estimated the US crop at 14.728 billion bushels on a 170.2 bpa

Cotton -

Cotton futures are 69 to 84 points lower at midday.  The USD is up more than 100 points so far this week, boosted by somewhat hawkish comments

Lean Hogs -

Lean hog futures are mixed at midday with October down a nickel, and December a nickel higher.  The CME Lean Hog index for 8/25 was $66.90, up

Cattle -

Live cattle futures are mixed at midday with August slightly higher but October and December down more than a dollar on the session.  Feeders

Full commentary...