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 24, 2016, 07:54:39 PM CDT
Cash Bids
Name Notes Delivery Start Basis Cash Price Futures Change
Corn
DDGS
MWDGS

Quotes retrieved on August 24, 2016, 07:54:39 PM CDT
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Local Weather

Marcus, Iowa (51035)

Current Conditions: Sunny
Temperature: 66°F Dew point: 64°F
Humidity: 94% Pressure: 30.07 in. Hg
Wind: 0 mph From:

Forecast

Wednesday

Hi: 82°
Lo: 58°
Thursday

Hi: 76°
Lo: 51°
Friday

Hi: 77°
Lo: 60°
Saturday

Hi: 79°
Lo: 60°
Sunday

Hi: 82°
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Commentary
Cotton -

Cotton futures are down 69 to 82 points at midday. The US Dollar Index is more than 200 points higher and October crude oil futures are currently

Lean Hogs -

Lean hog futures are mostly 37.5 to 52.5 cents lower at midday. The CME Lean Hog index is also lower, down 6 cents from the previous 2-day average

Cattle -

Live cattle futures are mostly 72.5 to 80 cents lower at midday.  Feeders are mixed with August 30 cents higher at $146.75 as it tries to

Wheat -

Wheat futures are trading from a penny to as much as 11 cents lower at midday.  The spread between nearby spring wheat vs. winter wheat is

Soybeans -

Soybean futures are mostly down 8 to 12 cents at midday.  September bean meal is 60 cents lower and Sept bean oil futures are down 58 cents on

Corn -

Corn futures are mostly 1 or 2 cents lower at midday.  Weekly data from the EIA showed ethanol production continuing at a historically strong

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