News

Most hog producers continue to bleed red ink as December closes out, losses are expected to continue through the first quarter, but the market projects positive margins heading into both the second and third quarters of 2019. Hopefully, the new year will mean better financial opportunities. Dave Limoges - Feed Sales Manager

Company profitability was solid with Operating Savings (Local Net Savings) at $3.4 million for the year, up 13% from the $3.0 million a year ago. Patronage Income received was reduced by more than $875,000 as we received slightly less patronage dividends from Land O’ Lakes and CoBank, and CHS, Inc. paid no patronage at all in 2018. Therefore, net savings after taxes dropped from $4.3 million in 2017 to $3.7 million in 2018. Roger Kienholz - Chief Executive Officer

Crystal Valley is excited to announce the date of the second annual Winter Conference. Be sure to mark your calendars for Wednesday, February 13, 2019. The event is scheduled to kick-off after lunch. Alee Larson - Precision Specialist

Our propane rail terminal build is underway. We expect the project to last 16 weeks, weather pending. Julie Kemi - Vice President, Energy

We’d like to inform you that the Crystal Valley annual meeting of producer members will be held on Wednesday, February 13, 2019 at 7:00 PM at the Verizon Wireless Center in downtown Mankato.  A buffet dinner will be served at 6:00 PM, prior to the business meeting. Dan Jones - Board President

Live Feed is news information that is sent to our customers by text, email or both. It’s how the feed division shares current industry news with our producers. It gives our customers an opportunity to receive up to date listings of livestock needs and sales, equipment needs and sales and facility availability. Live feed will also send out information such as holiday hours, and scheduled downtimes for our feed mills to help our customers plan their deliveries.     Dave Limoges - Feed Sales Manager

As of this writing, we are all eagerly awaiting the results of the G20 meeting and if the US and China can start working on a trade deal. We are also watching the South American crop during their growing season. Crop conditions in Brazil so far are looking quite good. We will see if the good weather continues for the next couple of months. Megan Tusa - Grain Marketer

U.S. pork growth has been rapid in recent years. USDA estimates 2018 pork production to be up 13.9% compared to five years ago. Dave Limoges - Feed Sales Manager