Market Report


Markets 6/8/15 9:28am

Dow -22.06
S&P -4.35

Nasdaq -17.24

 

Employers added 280,000 jobs in May, according to the latest job report provided by the Bureau of Labor Statistic on Friday morning. Economists were forecasting 225,000 jobs. The unemployment rate, which is drawn from a different survey, came in at 5.5% up slightly from 5.4% in April.

 

Grain Markets 6/8/15 9:28am

July Corn +3 ¼ @ 3.63 ¾

Dec Corn + 3 ¼ @3.81 ¼

July Beans +8 ¼ @ 9.46

Nov Beans + 6 ½ @ 9.20 ¾

 

As we follow the money the U.S Dollar is weaker this morning, Crude is down, and grains continue to see strength.

 

Corn – Anxiously awaiting the crop condition report later this afternoon.  It seems soil moisture is good and weather turns warmer moving forward.  Favorable weather looking forward  is not fundamentally favorable for corn.  Corns negativity over the past couple of weeks has reversed, but back into the range bound range talked about late April/early May.  The good news is on June 3rd we clearly broke the down trend with respect to the “trend line” hopefully this will keep corn steady for a while, we can always hope for a rally as well.

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Beans

Bean Planting continues nearing 80%, heavy moisture in Missouri, Iowa, and portions of Nebraska and Kansas could cause some talk of preventative plant acres which remains to be seen.

 

Risk Disclosure -The risk of loss in trading commodities can be substantial and past performance is not necessarily indicative of future results. Therefore, you should carefully consider whether such trading is suitable for you or your organization in light of your financial condition. Any examples given are strictly hypothetical and no representation is being made that any person will or is likely to achieve profits or losses similar to those examples. Neither the information, nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts.

 

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | C: (402) 380-9855 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

Ruby R. Hayes, 97, of Tekamah NE


Ruby R. Hayes, 97 years, of Tekamah, Nebraska, passed away Saturday, June 6, 2015 at Tekamah Golden Living Center.

FUNERAL SERVICE: Services are pending with Pelan Funeral Services.

Ruby Hayes

Ruby Hayes

Pools Attendance May Rise Along with Temps


With temperatures rising into the upper 80's and lower 90's over the next couple of days, traffic at the Oakland Swimming Pool will be on the rise. Stay cool and enjoy the summer weather. Photo Credit/Denise Gilliland, Editor and Chief, Kat Country Hub.

With temperatures rising into the upper 80’s and lower 90’s over the next couple of days, traffic at the Oakland Swimming Pool will be on the rise. Stay cool and enjoy the summer weather. Photo Credit/Denise Gilliland, Editor and Chief, Kat Country Hub.

Swedish Festival 2015 Schedule


Swedish Festival

Ash Trees and the Emerald Ash Borer


By John Wilson, Extension Educator

The emerald ash borer has the potential to be devastating to ash trees when it gets to Nebraska. But the key word here is WHEN! Emerald ash borer has not yet been found in Nebraska. The nearest it has been confirmed is in Iowa, about 80 miles east of Plattsmouth, Nebraska.

 

This borer has been in the news long enough tree owners are asking if they should start treating, or take the more radical step of removing  ash trees. I just had someone in my office this week that wanted to cut down a couple healthy ash trees because of this potential threat. Now I have an ash tree just east of my house and I’m sure someday I may need to remove it if ash borer gets here.

 

But I’m not going to cut it down now and give up potentially 10 to 15 years of shade and beauty for a pest that might get here someday. And I’m not going to spend money on treatments to treat a pest that is not here.

 

The recommendation of the Nebraska Forest Service and UNL Extension is to wait to begin treatment until emerald ash borer is confirmed to be within 15 miles of a tree.  According to the Nebraska Forest Service, treating trees beyond 15 miles will likely provide little or no benefit to the tree but will result in unnecessary environmental exposure to pesticides as well as unneeded expenses.

 

If you have an ash tree, you should know that state and federal agencies are monitoring emerald ash borer infestations and will provide updates when it is found in Nebraska. Information about it and about when and how to treat ash trees can be monitored on the Nebraska Forest Service website. Go to http://nfs.unl.edu.

 

After I tell people to wait, I’m often asked what if emerald ash borer is in Nebraska but hasn’t yet been found. It can take up to five years for this borer to kill a tree. So once it is confirmed, it has likely been in the state for at least a few years. However, unlike pine wilt killing Scotch pine where the tree must be treated prior to the nematode infesting the tree, ash trees that are already infested with emerald ash borer are still treatable and can be saved if the damage is not too severe.

 

Instead of making pesticide applications likely to be of little benefit, become more informed to help make decisions about EAB. If you have an ash tree, decide if you are willing to treat the tree on an annual basis or if you will replace the tree.

 

Valuable trees, such as those providing shade for a home and are in good condition, may be worth the cost of an annual treatment. Trees with health or structural issues or those not planted in key locations, may best be replaced rather than treated annually. For example, if a tree has branch dieback, sparse foliage, or severe trunk injuries, it is probably not worth the expense of treating.

 

If you are planting a new tree this spring, avoid ash trees. Most types of ash are susceptible to emerald ash borer. If you know you will not treat an ash tree once it is infested, do you have space on your property to plant another tree now to take over the landscape function if the ash tree dies?

 

When Dutch elm disease killed American Elms, many of these trees were replaced with green ash. This created another monoculture susceptible to pests. We could now lose a large percentage of these trees. Let’s not make the same mistake twice. Select trees for diversity.

 

A few readily available large trees to plant are honeylocust, American linden, Norway maple, Miyabe maple, hybrid elms and white oak. Other species not frequently planted in a landscape include Kentucky coffeetree, shagbark and bitternut hickory, silver linden and horse chestnut.

 

For more information on emerald ash borer or on selecting a replacement shade tree, contact your local UNL Extension office.

Dennis Daniel Gatzemeyer, 66, of Bancroft NE


Dennis Daniel Gatzemeyer, 66, of Bancroft, Nebraska passed away Friday, June 5, 2015 at Pender Community Hospital in Pender, NE. Mass of Christian Burial will be 10:30 a.m. Tuesday, June 9, 2015 at Holy Cross Catholic Church, with Father Paul Ortmeier celebrating Mass. Visitation will be held 5:00 until 8:00 p.m. Monday, June 8, 2015 at Munderloh – Smith Funeral Home in Bancroft. Burial with military honors will be in the Bancroft Cemetery in Bancroft. Memorials may be directed to the family for future designation. Arrangements are under the direction of Munderloh – Smith Funeral Home in Bancroft, NE.

Dennis was born on September 27, 1948, in Pender Nebraska to Lawrence and Hazel (Castor) Gatzemeyer. He was baptized and confirmed at Holy Cross Catholic Church in Bancroft. He attended and graduated from Bancroft High School and soon after enlisted in the US Army serving for 2 years. After returning from war, he married Nancy Ann Kohl on July 10, 1971 at Holy Cross Catholic Church in Beemer, NE. To this union they had 5 children, Matthew, Jason, Jeremy, Jessica, and Joshua.

In 1990, he attended Cheyenne Areo Tech where he received his diploma in Aviation Mechanics. Dennis loved working on tractors, tractor pulling and playing cards with family.

Dennis is survived by his wife, Nancy Gatzemeyer of Bancroft, NE; sons, Matthew Gatzemeyer, Joshua Gatzemeyer, and Jason (Jenny) Gatzemeyer all of Bancroft, NE, Jeremy Gatzemeyer of West Point, NE; daughter, Jessica (Justin) Brichacek of Bancroft, NE; 10 grandchildren; brothers, Jim Gatzemeyer of Bellevue, NE, and Gary Gatzemeyer of Bancroft, NE; sisters, Myra (Kent) Bunderson and Deloise (Delwyn) Pearson both of Oakland, NE; and sisters-in-law Erma Gatzemeyer of Bancroft, NE, and Janice Gatzemeyer of Omaha, NE.

He is proceeded in death by his parents Lawrence and Hazel, his brothers Loren “Shorty” Gatzemeyer, and Pat Gatzemeyer.

Dennis Gatzemeyer

Dennis Gatzemeyer

Eugene W. Jussel, 72, of Laurel NE


Eugene W. Jussel, 72, of Laurel, Nebraska passed away Thursday, June 04, 2015 at Providence Medical Center in Wayne, NE after a long battle with cancer. Funeral services will be held 10:00 a.m. Monday, June 8, 2015 at the United Lutheran Church in Laurel, NE; with Pastor Lynn Qualm officiating.

Eugene Jussel

Eugene Jussel

 Burial will be in the Laurel Cemetery in Laurel, NE. Memorials are suggested to the family for future designation. Arrangements are under the direction of Bressler – Munderloh – Smith Funeral Home in Wakefield, NE.

Eugene was born May 27, 1943 to Clarence, Sr. and Florence (Thompson) Jussel in Benkelman, NE. He graduated from Stratton High School in 1961. Shortly after graduating, Eugene joined the United States Army being honorably discharged in 1964. On November 26, 1965, he was united in marriage to Marlene Umberger in Burke, SD.

The couple lived in Winner, SD, where he was employed with a NAPA Auto Parts Store. They moved to Laurel, NE in 1978 opening G&M Auto Parts. In 1989, Eugene and Marlene sold the business. From 1998-2008 he worked at the High School as the head custodian. The couple loved to travel, working with Motel 6 doing relief work as managers in six states. Eugene loved going to garage sales, and antique and pawn shops. He recently began collecting old tools. Eugene loved to spend time with his family, friends and walking “the girls” Rosie and Lola. Eugene is survived by his wife, Marlene Jussel of Laurel, NE; daughter, Brenda (Russell) Konwinski of Seguin, TX; sisters, Dorothy Lambert of Trenton, NE, Betty Younkers of McCook, NE, Delores (Richard) Stahly of Stratton, NE; sister-in-law, Shirley Jussel of Wagner, SD; brother, Keith (Bernie) Jussel of Casper, WY; grandchildren, Tyrel Whalen of Laurel, NE, and Ethan Whalen of Seguin, TX, and many nieces, nephews, and cousins.

He is preceded in death by his son, Michael Jussel, parents, brother, Clarence Jussel, Jr., and brother-in-laws Dale Lambert and George Yonkers.

Douglas Arvid Samuelson, 62, of Lincoln NE


Douglas Arvid Samuelson, 62, of Lincoln, Nebraska passed away Wednesday, June 3, 2015 in Lincoln. Visitation begins at 12:00 p.m. Monday, June 8, 2015 at St. Paul’s Lutheran Church (501 Park St., Bancroft, NE) in Bancroft, with funeral services at 2:00 p.m. on Monday; with Pastor Philip Hale officiating. Burial will be in the Bancroft Cemetery in Bancroft. In lieu of flowers, memorials are suggested to the family for future designation. Arrangements are under the direction of Munderloh – Smith Funeral Home in Bancroft, NE.

Doug was born April 29, 1953 to Arvid, Jr. and Imogene (Burhoop) Samuelson in Pender, NE. He was baptized June 7, 1953 at St. Paul’s Lutheran Church in Bancroft, NE and confirmed June 1967 at St. Paul’s Lutheran Church rural Wakefield, NE. Doug graduated from Wakefield High School in 1971 and received a Bachelor of Arts in Journalism from the University of Nebraska – Lincoln in 1975. While in college, he was a member of Beta Sigma Psi fraternity. Doug married Wilma Oberdieck August 16, 1975 in Nebraska City, NE. The couple later divorced. Following graduation from UNL, he began working for KMMJ Radio in Grand Island, NE. His commitment to service and outgoing personality led to his election to the Grand Island City Council from 1997-2000. He later moved to Lincoln where he was elected to the Lower Platte South Natural Resources District Board in 2004. He served as Chairman of the Board from 2012 – 2013, and was currently in his third consecutive term. He also worked for the State of Nebraska Tourism Commission, and the State Capital Building, which allowed him to share his knowledge and passion for Nebraska history. In 2003, Doug became the Public Address Announcer for Husker Wrestling, a position which he held until his passing. In May 2014, he accepted a position in Guest Relations and Security with the University of Nebraska where he was able to combine his love for sports, the University, and connecting with people. In addition, he spent many evenings umpiring area American Legion and high school baseball games. Most of all, Doug loved to spend time with his family and friends, especially his grandchildren.

Doug is survived by his mother, Imogene Samuelson of Wakefield, NE; sons, Eric (Brandy) Samuelson of Omaha, NE, Casey Samuelson of Omaha, NE; brother, Galen (Amy) Samuelson of Wakefield, NE, five grandchildren, Taylor, Ethan, Kaylee, Caden, and Elynn; niece, Brianna; nephews, Caleb and Dawson; and many aunts and uncles.

Doug is preceded in death by his father, Arvid “Sonny” Samuelson, Jr.; brother, Brian Samuelson, grandparents; and aunts and uncles.

Douglas Samuelson

Douglas Samuelson

Trees and Branches Down in Oakland from Last Night’s Storm


Very strong winds came through Oakland late last evening, taking down branches and trees around town. Between an inch to an inch and a half of rain fell during the storm. Chain saws can be heard around town, cutting up the branches and trees to haul to the dump. It was definitely a strong spring storm.

Trees and branches are down in the Oakland park and throughout Oakland as a result of a storm that produced strong winds, rain and small hail later last evening. All photos credit of Denise Gilliland/Editor and Chief, Kat Country Hub.

Trees and branches are down in the Oakland park and throughout Oakland as a result of a storm that produced strong winds, rain and small hail later last evening. All photos credit of Denise Gilliland/Editor and Chief, Kat Country Hub.

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National Weather Service Issues Severe Thunderstorm Warning


The National Weather Service in Omaha has issued a * Severe Thunderstorm Warning for… central Monona County in west central Iowa… southeastern Stanton County in northeastern Nebraska… northwestern Dodge County in east central Nebraska… Cuming County in northeastern Nebraska… southeastern Thurston County in northeastern Nebraska… Burt County in east central Nebraska… * until 1115 PM CDT * at 1051 PM CDT…severe thunderstorms were located along a line extending from near Decatur to near Lyons to near Howells…moving east at 45 mph. Hazard…60 mph wind gusts. Source…radar indicated. Impact…expect damage to roofs…siding and trees. * Locations impacted include… West Point…Onawa…Tekamah…Wisner…Lyons…Beemer…Dodge… Bancroft…Decatur…Snyder…Uehling…Craig…Macy…Oakland… Blencoe…Rosalie…Turin…the Highway 15 and 32 Junction…10 miles west of West Point and Lewis And Clark State Park. This includes the following highways… Highway 275 in Nebraska between mile markers 106 and 127. Highway 75 in Nebraska between mile markers 135 and 159. Highway 77 in Nebraska between milemarkers 135 and 159. Interstate 29 between mile markers 100 and 118. Precautionary/preparedness actions… For your protection move to an interior room on the lowest floor of a building. A Tornado Watch remains in effect until 300 am CDT for west central Iowa and northeastern Nebraska. Lat…Lon 4202 9581 4186 9607 4187 9613 4186 9612 4184 9611 4175 9626 4165 9690 4174 9691 4174 9705 4192 9724 4200 9678 4216 9635 time…Mot…loc 0351z 290deg 38kt 4205 9630 4188 9655 4179 9697 Hail…<.75in wind…60mph Boustead