Triple Jump Tylen Guidry, LU Ceaser Stephens, NSU Chris Welch, HBU FRISCO, Texas – Southeastern Louisiana’s D.J. Ruffin and Incarnate Word’s Sarea Alexander are the 2019 Southland Conference Indoor Track & Field Athletes of the Year, the league announced Tuesday. Additionally, the first, second and third team all-conference athletes and individual award winners were named. Southland Conference Athletes of the Year are presented by Ready Nutrition.Ruffin and Alexander were named the Athletes of the Year after stellar performances at the 2019 Southland Conference Indoor Track & Field Championships at the Birmingham CrossPlex in Birmingham, Ala. Ruffin was named the men’s Most Valuable Performer after scoring 30 points throughout the meet, capturing first-place finishes in the high jump and long jump events. Alexander leaped her way to conference championships in the long jump and triple jump events and qualified for the NCAA Championship with a 20-11.2 leap in the long jump.Sam Houston State’s Dave Self, who led his men’s squad to a first-place team finish, was named the Men’s Coach of the Year for the fourth consecutive year. Phil Olson of Stephen F. Austin was named the Women’s Coach of the Year after leading his Ladyjack squad to a team title at the conference championships.Southland Conference indoor track & field superlatives are nominated and voted upon by the league’s head coaches. Voting for oneself or one’s own athletes is not permitted. All-Conference distinction is given to the first-, second- and third-place finishers in each championship event final.For athletes that achieved qualifying marks this season, the NCAA Indoor Track & Field Championships will be a two-day event hosted at the Birmingham CrossPlex from March 8-9.The 2019 Southland Conference Outdoor Track & Field Championships will be hosted by Northwestern State May 3-5 in Natchitoches, La.Men’s Outstanding Field Events Performer – D.J. Ruffin, Sr., Southeastern Louisiana D.J. Ruffin scored a pair of conference championships in the high jump and long jump events. Ruffin was responsible for 29.5 of Southeastern Louisiana’s 83 points for a runner-up team finish. The senior’s point-scoring performance stands as the second-most scored by an individual in Southland Conference Indoor Track & Field history.Men’s Outstanding Running Events Performer – Jordan Rowe, Jr., LamarJordan Rowe capped a strong showing at the indoor championships, tallying gold medals in the mile and 3,000-meter races. The junior put forth a 8:17.37 clip in the 3,000m event as well as a personal-best in the mile with a time of 4:08.17.Men’s Freshman of the Year – Jo’vaughn Martin, Sam Houston StateSam Houston State’s Jo’vaughn Martin cashed in an impressive performance in his first Southland Conference Indoor Championships appearance taking a silver medal in the 60m dash. His best performance, however, was saved for the 200m dash where he placed first overall while setting a SLC meet record after crossing the line with a 21.07 clip.Men’s Newcomer of the Year – Jordan Rowe, Jr., LamarIn addition to being named the Most Outstanding Running Events Performer, Jordan Rowe was also voted the Southland Men’s Newcomer of the Year. His pair of gold medals were crucial to Lamar’s 73 points and the team’s fourth-place in the overall standings. Rowe is in his first season with the Cardinals and made his way state-side after attending Loughborough University.Men’s Athlete of the Year – D.J. Ruffin, Sr., Southeastern LouisianaRuffin was also crowned with the Men’s Athlete of the Year honor after his larger than life performance for the Lions last week. In addition to his two gold medal performances in his field events, the senior also found a spot on the podium for the 400m race and anchored the 4x400m relay team who finished second in the event.Men’s Coach of the Year – Dave Self, Sam Houston StateDave Self led his Bearkat men’s squad to its fourth-straight team title on the way to his fourth consecutive Men’s Coach of the Year accolade. The Sam Houston State head coach pushed his men’s squad to 112 points, beating the second-place team by 29 points. The team’s margin of victory stands as the largest of the past four years for Self.Women’s Outstanding Field Events Performer – Sarea Alexander, RSr., Incarnate WordSarea Alexander put forth a pair of first-place finishes in the long jump and triple jump events, setting UIW program records in both events throughout the indoor season. The Cardinal’s jumper is the first-ever Incarnate Word competitor to win a title in multiple events at a Southland Conference Championships.Women’s Outstanding Running Events Performer – Natashia Jackson, Jr., Northwestern StateNatashia Jackson was crucial for the Lady Demons’ second-place team finish securing medals in the 60m, 200m and 4x400m relay events. Jackson was named the Women’s Most Valuable Performer for the second consecutive year. The sprinter compiled 24 of Northwestern State’s 85 points.Women’s Freshman of the Year – Nastassja Campbell, Stephen F. AustinNastassja Campbell entered her first indoor championship meet without missing a beat, capturing first-place in the pole vault event with a meet-record vault of 14-0.9. The freshman will continue her season at the NCAA Indoor Championships later this week in the pole vault. Campbell qualified for the national event earlier this season at the Ted Nelson Invitational where she logged a 14-4.75 vault.Women’s Newcomer of the Year – Sophie Wood, Jr., LamarSophie Wood was named the Southland’s Newcomer of the Year after a fourth-place finish in the 3,000m race. Wood ran a time of 10:01.32 to help the Cardinals finish in sixth-place among the final team standings. Wood joined the Lamar squad from Rotherham, United Kingdom where she attended Manchester Metropolitan University.Women’s Athlete of the Year – Sarea Alexander, RSr., Incarnate WordSarea Alexander’s endeavors at the Southland Indoor Championships led to her being named the Women’s Athlete of the Year. The senior will continue her indoor season at the NCAA Championships after qualifying with a 20-11.2 leap at the Southland Conference Championships last week. Alexander will be UIW’s first competitor in program history at the NCAA National meet.Women’s Coach of the Year – Phil Olson, Stephen F. AustinPhil Olson claimed the Women’s Coach of the Year award after leading his Ladyjack team to a first-place finish after scoring 141 points. Stephen F. Austin demolished the field beating the second-place team by a margin of 56 points. The team title stands as the ninth in program history for the Ladyjacks.2019 Southland Conference Men’s Indoor Track & Field All-Conference Teams DMR LU: J. Gooch, K. Nelson, B. Lantau, M. Arnold UCA: M. Schweikert, L. Colon, S. Sullivan, J. Jeandree SHSU: J. Austin, E. Pouncy, M. Freeman, J. Leon 3,000m Brittany Innis, SFA Alex Eykelbosch, MCN Kelsey Ramirez, SFA 5,000m Matthew Arnold, LU Markus Schweikert, UCA Grant O’ Callaghan, SLU Shot Put Kai Schmidt, ACU Stevon Crooks, SLU Kevin Steward, SFA DMR SFA: L. Davis, A. Compass, M. Compass, K. Ramirez AMCC: M. McCutchen, L. Manciaz, S. Wynn, V. Campos HBU: J. Rabius, S. Slaughter, S. Moore, J. Drews Long Jump D.J. Ruffin, SLU LaRon James, NSU Jacorious Jeter, NSU Shot Put Ashley Davis, SLU Kayla Melgar, ACU Danielle Lorenz, UNO 200m Jo’vaughn Martin, SHSU Chris Jefferson, SHSU Tyler Smith, MCN Pole Vault Branson Ellis, SFA Devin King, SLU Clayton Fritsch, SHSU Mile Jordan Rowe, LU Ryan Cleary, ACU Deion Hardy, UIW High Jump Sashane Hanson, AMCC Hannah Noble, UCA Grace McKenzie, MCN 4x400m NSU: C. Willis, D. Granados, K. Evans, N. Jackson UIW: E. Sebastion, D. Allen, D. Keys, T. Mays SFA: D. Jackson, A. Teel, M. Compass, I. Nave High Jump D.J. Ruffin, SLU Zach Seaman, AMCC Noah Berney, SFA Mile Kelsey Ramirez, SFA Briahna Gerlach, ACU Alejandra Ruiz, UCA Heptathlon Denim Rogers, HBU Rodney Littlejohn, UIW Scott Boon, HBU 800m Madison Compass, SFA Dominique Allen, UIW LaSean Davis, SFA 400m Imani Nave, SFA Tiffani Mays, UIW Natashia Jackson, NSU 2019 Southland Conference Women’s Indoor Track & Field All-Conference Teams 60m Hurdles Fabian McCall, SHSU Tremayne Flagler, NSU Darion Dunn, MCN Weight Throw Joshua Hernandez, SHSU Morgan Knight, ACU Aaron Akens, SHSU 200m Natashia Jackson, NSU Ajah Criner, UCA Imani Nave, SFA 60m Micah Larkins, NSU Jo’vaughn Martin, SHSU Chris Jefferson, SHSU 60m Thai Williams, LU Aleyah Donald, MCN Natashia Jackson, NSU Event First Second Third Pentathlon Sashane Hanson, AMCC Migle Muraskaite, LU Parl Eelma, LU 3,000m Jordan Rowe, LU Garett Cortez, UIW Grant O’ Callaghan, SLU 400m Webster Slaughter, LU D.J. Ruffin, SLU Jared Williams, ACU 4x400m ACU: R. Linton, B. Brownlow, J. Williams, A. Williams SLU: D. Ruffin, T. Jones, C. Resais, D. Storr AMCC: T. Spivey, D. Baptiste, K. Humber, D. Nwachukwu Weight Throw Alanna Arvie, MCN Lonnie Smith, ACU Kayla Melgar, ACU 800m Drake Murphy, SFA Alex Hanson, UCA Joe Austin, SHSU Triple Jump Sarea Alexander, UIW Jasmyn Steels, NSU Lauren Clarke, NSU Long Jump Sarea Alexander, UIW Jasmyn Steels, NSU Deja Phillips, LU Pole Vault Nastassja Campbell, SFA Kaylee Bizzell, SFA AnnMarie Broussard, NSU Event First Second Third 5,000m Alex Eykelbosch, MCN Brittany Innis, SFA Valentina Campos, AMCC 60m Hurdles Jerica Love, UIW Jillian Turner, SFA Megan Kirby, ACU
‘Mia’: Rom-com with a cause a career-boosting showcase for Coleen Garcia Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Phivolcs: Slim probability of Taal Volcano caldera eruption Nadine Lustre’s phone stolen in Brazil Sacramento led by four at halftime and was up 85-74 with 5:35 remaining in the third quarter before the Lakers scored 12 straight points to take the lead. Caldwell-Pope keyed the run with nine points, including a pair of 3-pointers.The Lakers’ lead lasted only 15 seconds, however, as Hield hit a 3-pointer and the Kings outscored Los Angeles 11-6 over the remainder of the quarter.TIP-INSKings: Willie Cauley-Stein had 11 points and 12 rebounds. … Fox also had seven assists, marking the 29th game he has had five or more, which is the fifth-most in the league.Lakers: Kyle Kuzma added 18 points and Lonzo Ball 13. … JaVale McGee scored eight points in his first game since Dec. 15. The 11-year center had missed seven games due to a respiratory infection. … Hart’s 17 first-half points is a career high, surpassing the 16 he had in the first 24 minutes against Memphis on Dec. 8.ADVERTISEMENT Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college UP NEXTKings: Host Portland on Tuesday.Lakers: Host Oklahoma City on Wednesday.Sports Related Videospowered by AdSparcRead Next Japeth Aguilar embraces role, gets rewarded with Finals MVP plum MOST READ Dennis Smith’s key plays late help Mavs surge past Thunder No.13 lucky for Orlando Bloom Los Angeles Lakers forward Brandon Ingram (14) celebrates with guard Kentavious Caldwell-Pope (1) as Sacramento Kings guard De’Aaron Fox (5) talks with forward Kyle Kuzma (0) during the second half of an NBA basketball game in Los Angeles, Sunday, Dec. 30, 2018. The Lakers won 121-114. (AP Photo/Alex Gallardo)LOS ANGELES — Kentavious Caldwell-Pope scored a season-high 26 points, Josh Hart added 22 and the Los Angeles Lakers won for the first time since LeBron James was sidelined with a groin injury, beating the Sacramento Kings 121-114 Sunday night.Brandon Ingram added 21 points, including seven during the game-deciding run. The Kings led 110-103 with 4:30 remaining when the Lakers scored 12 straight points over a three minute span. Ingram hit a 3-pointer with 2:13 remaining to give Los Angeles a 113-110 lead.ADVERTISEMENT LATEST STORIES A steal and layup by Iman Shumpert brought the Kings within three, but Caldwell-Pope made a driving layup to make it a two-possession game.De’Aaron Fox led Sacramento with 26 points, while Buddy Hield and Bogdan Bogdanovic scored 21 apiece.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissIt was the second time in four nights that the Kings and Lakers played. Sacramento won 117-116 on Dec. 27 on a 3-pointer by Bogdanovic at the buzzer. That was the first game James had missed since injuring his groin during the Dec. 25 game at Golden State. The Lakers were 0-2 in James’ absence.James, who was celebrating his 34th birthday on Sunday, arrived just after tipoff. After winning title, time for LA Tenorio to give back to Batangas folk Ginebra beats Meralco again to capture PBA Governors’ Cup title Don’t miss out on the latest news and information. View comments
It used to take a resident of Vahun in Lofa County about seven hour from the morning hours to reach Monrovia and finish whatever he or she had come to do and get back on his or her way before the fall of night. But that was then—what many today term “normal times” when infrastructures, especially roads, were not as bad off as many are today.The road the citizens of Vahun traveled during “normal days,” came through the Bomi Hills concession area, operated by the Bong Mines Company. The journey took about four to five hours from Vahun to Bomi Hills and about an hour or two to Duala and then into Central Monrovia.This is no longer the case because the roads, as well as the one that linked Vahun to the county’s capital, Voinjama, were destroyed as a result of the years of civil war. This situation had Vahun cut-off from the rest of the country, until the recent intervention of the government with the rehabilitation of a road that now connects Vahun with Voinjama.Though the construction of the Voinjama-Vahun road may not have solved all the Vahun people’s problems, it has brought them a sense of belonging to the Liberian state—a feeling that they have yearned for, for years. Notwithstanding, the road through Voinjama takes a passenger about two days to get to Monrovia—not a very comforting prospect.And so, they have decided to appeal to the Central Government to rehabilitate the Bomi Hills-Vahun road, to make it easier for them to get to Monrovia.In a petition statement presented to the President in Vahun on Tuesday, February 18, through their representative Fofi Sahr Baimba, the citizens said that the rehabilitation of the road will greatly help farmers; business people will also benefit and will soon once more make the region a vibrant agricultural hub. “Madam President, the road we had here took us about five hours to get to Bomi Hills, in Bomi County; but, it was destroyed during the war.So, your people have come to ask that you please help us rehabilitate this road which we considered a short-cut to Monrovia,” Representative Fofi Sahr Baimba pleaded.The Lofa lawmaker said that when rehabilitated, the road will be of great help to the many farmers who have to take days to get their produce to Monrovia.There are also the exorbitant fares demanded by the transport ‘big shots,” who marketers have to depend on to get their goods to the markets; making things worse, some produce begin rotting long before they reach Monrovia.Needless to say, many middle-men and middle women and consumers are daily waiting in the capital to pick up these items to keep their distributors and consumers supplied.“Our district has been isolated from the rest of the country for too long, and most of us who only had the opportunity to be educated in Sierra Leone as a result of the long time neglect, have been considered by many as foreigners, because of our accent.We are so close to Monrovia, yet so far away; why? Because, instead of taking about seven to eight hours to get to Monrovia—through the Bomi Hills route—we have to travel through Voinjama. That takes about a day and a half or two,” Representative Bimba explained.He earlier lauded President for the Voinjama-Vahun road rehabilitation project, which he said has brought considerable relief to the people of VahunAnother resident who identified himself as John Binda had this to say: “We want to be grateful to this government for the rehabilitation of the road that now connects us with Voinjama. It used to take us many days to get to Voinjama. Thank God that President Sirleaf is now thinking about us after so many years of being neglected by past leaderships.”“The one thing we as a people desire most from Madam Sirleaf, is for her to please fix the road that links with Bomi Hills. Those days it used to take us about four to five hours in car to get to Bomi Hills. And lately before the civil war we used to paid US$4 to get to Monrovia through this route,” Mr. Binda said.In response, President Sirleaf said that she will work with the leadership of the county and other relevant stakeholders through a consultative process to see how best modalities can be worked out to address the citizens concern.She thanked the people of Vahun for the warm reception accorded she and her entourage. She, that day, had begun her 2014 nation-wide tour, kicking-off with Vahun, a district she termed a government strong-hold, due to the kind of supports received in the 2005 and the 2011 elections.Meanwhile, President Sirleaf became the second President ever to have visited Vahun; the first was William Richard Tolbert, who visited the area on several occasion. He paid his last visit in 1978.Prior to the reconnection, Vahun Citizens had almost conducted all of its activities, trade, and social transaction with Sierra Leone. The people are currently using triple currencies as mediums of exchange: the Liberian dollar, the US dollar, and Sierra Leone’s Leone, as a result of the newfound inter-connectedness (new connections) of the regions.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)
There will be a Town Hall meeting at seven o’clock tonight at the Enerplex, to further discuss flash flood assistance.The city has confirmed that the province has approved disaster financial assistance for victims of the July 29th thunderstorm, that overwhelmed the drainage system in part of the southeast sector.- Advertisement -However, it’s noted that residents who wish to be considered for help must claim uninsurable damage, like overland flooding and that insurable damage, such as sewer backup, is not covered.Provincial representatives are slated to be at tonight’s meeting to answer questions and provide advice on how to deal with the claims process.
A more recent study concluded that a nomination in the Best Picture or Best Actor category could increase weekly box office revenue by more than 200 percent in subsequent weeks. A nomination for Best Actress increased weekly revenue by 150 percent, according to the study “For Oscar Glory or Oscar money?” published in 2005 in the Journal of Cultural Economics. The study contradicted Nelson’s, concluding that the bulk of extra revenue comes after a nomination, with the actual award adding little to the bottom line. The financial importance of an award is greater on independent producers looking to parlay credibility into financing for future films, analysts say. Major studios also benefit because talent agents tend to bring “A-list” actors and screenwriters to more successful studios. But the actual financial benefit to a particular film, its studio, or the multinational media conglomerates that own the studios is harder to determine. “You’ve got this fog around the actual number,” said Harold Vogel, a financial analyst and author of the book “Entertainment Industry Economics.” Vogel said figures for film costs that appear in trade publications simply can’t be trusted. Neither can estimates of marketing budgets, leaving it nearly impossible to gauge whether a film has actually made a profit. And there are costs associated with awards. Studios typically spend millions of dollars to tout nominations and even more to advertise an Oscar winner, cutting into whatever extra revenue those awards may generate.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Movie studios spend millions of dollars this time of year touting the Academy Award nominations garnered by their films. But does an Oscar translate into box office bucks? The answer is hard to determine, although most industry analysts and economists seem to agree that nominations and wins can add anywhere from $10 million to $50 million to the gross revenue of a film. Figuring the worth of an Oscar to a film or even an individual is tricky in a town where budgets are hazy at best and where studio economics increasingly include deals that give some participants a slice of gross ticket sales, even if the movie is a stinker. One often-cited study done in 2001 by a Colby College professor concluded that films that receive “top” nominations – Best Picture, Best Actor and Best Actress – can expect significant revenue boosts. The study took into account that a large proportion of Oscar-nominated films are released in the fourth quarter, meaning they are likely still in theaters when nominations are announced and the awards actually given. For those late-year films, a nomination is worth about $7.8 million, while a win can add an additional $16 million on average, according to study co-author Randy Nelson. “The numbers could be bigger now because they moved up the nomination and awards dates,” Nelson said Friday. Other things have changed since the original study, including the fact that studios release films internationally much sooner than they used to and that films are often released onto DVD while still in theaters. Nelson and his colleagues are conducting a new study to account for the changes.
It capped a miserable week for beaten Europa League finalists Marseille, who will have to make do with a return to Europe’s second-tier competition despite beating Amiens 2-1.Nice missed out on the Europa League with Saturday’s defeat, and coach Lucien Favre announced he was leaving the club after the game.Marseille’s defeat by Atletico Madrid on Wednesday in Lyon had ensured that the third-placed finishers in Ligue 1 would join the top two in the group stage of Europe’s premier competition, rather than face the qualifying rounds.“The group this year has done very well, it is a fair reward to finish third,” Lyon captain Nabil Fekir told French television, before refusing to commit his future to the club.“I don’t know, frankly. I gave everything at Lyon, we’ll see for the future. It hasn’t been perfect this season, but it’s a good finish.”Lyon were the first of the three sides in contention to slip up, as Alassane Plea raced clean through on goal and fired through the legs of home goalkeeper Anthony Lopes to put Nice ahead.OL desperately needed a quick leveller after half-time and Depay provided just that.Fekir did excellently to twist into space and square for Depay to tap home.Depay has arguably been the best player in France during the latter stages of the season, and the Dutchman produced the moment of magic needed to send Lyon into the Champions League.The former Manchester United flop showed magnificent creativity and execution to roll a free-kick under the wall and into the bottom corner to score his 18th goal of the campaign and his ninth in as many games.Depay completed a sublime treble late on by dinking the ball over away goalkeeper Walter Benitez, and although Plea fired home from long range in the 89th minute, Lyon held on as Nice missed on a Europa League spot.– Marseille victory in vain –Rudi Garcia’s Marseille were left frustrated as they missed a second chance in four days to reach the Champions League © AFP / Boris HORVATMarseille struck first in the race for the Champions League against Amiens at the Stade Velodrome, as teenager Boubacar Kamara’s clever pass picked out Morgan Sanson who slammed a fierce shot into the roof of the net to give Rudi Garcia’s men an 11th-minute lead against Troyes.Just seconds after Lyon fell behind at the Groupama Stadium, things got even better for Garcia’s team as Kostas Mitroglou reacted quickest after Lucas Ocampos’ header was saved to stab in the ninth goal of his first Ligue 1 season.But Amiens hit back to give Lyon a boost, as Moussa Konate took advantage of some terrible home defending to halve the deficit before half-time.Visiting midfielder Thomas Monconduit was rightly sent off for a horrendous challenge as he slammed his studs into the planted leg of Ocampos, who was lucky not to escape serious injury, early in the second half.Marseille saw out the win, but the three points provided little joy as results elsewhere meant they wasted two chances to return to Europe’s top table in just four days.“Everyone started screaming in the stands and we thought it was 3-3 in Lyon,” said Marseille star forward Florian Thauvin.“We’ve had a good season, but haven’t been rewarded.”Monaco knew that they would be assured of a Champions League place if they avoided defeat and a double from Rony Lopes and Jordi Mboula’s late strike saw them relegate Troyes with a comfortable win.That result sent Troyes down to the second tier with already-relegated Metz, as Toulouse secured a playoff with a 2-1 victory over Guingamp.Elsewhere, Caen held champions Paris Saint-Germain to a goalless draw to secure safety, while Bordeaux thrashed Metz 4-0 to join Marseille and Rennes in the Europa League.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Memphis Depay’s lofted finish competed a wonderful hat-trick © AFP / PHILIPPE DESMAZESPARIS, France, May 20 – Memphis Depay struck a wonderful hat-trick as Lyon fought back to beat Nice 3-2 at the Groupama Stadium on Saturday to qualify for the Champions League from Ligue 1 at the expense of Marseille.Monaco saw off relegated Troyes 3-0 to wrap up second spot behind champions Paris Saint-Germain, as Bruno Genesio’s Lyon finished one point clear of Marseille in third after a dramatic final day of the season.
SANTA CLARA – C.J. Beathard’s connection with tight end George Kittle obviously traces to their University of Iowa days, and they came to the 49ers seemingly as a package deal in last year’s draft.That pairing could be the 49ers’ lifeline for offensive success going forth this season, and especially this week to compensate for injuries at wide receiver.The Beathard-Kittle bromance certainly kept the 49ers in Sunday’s eventual 29-27 loss at the Los Angeles Chargers. It wasn’t just that Kittle …
Share Facebook Twitter Google + LinkedIn Pinterest A Bloomberg News investigation of Hampton Creek, a vegan company co-founded and co-owned by Humane Society of the United States (HSUS) farm animal activist Josh Balk, uncovered a controversial program to buy back its vegan mayonnaise from retail shelves.Bloomberg alleges this was done to inflate retail sales figures of the eggless mayonnaise, called Just Mayo, as the company sought investor financing. At least eight months before Hampton Creek sought funding, executives quietly launched an initiative to purchase mass quantities of Just Mayo from stores, according to five former workers and more than 250 receipts, expense reports, cash advances and e-mails reviewed by Bloomberg. Employees were encouraged to make multiple transactions through store self-checkout lanes to avoid looking suspicious. Former employees said they were told to do whatever they wanted with the product after finishing the job. According to Bloomberg, most employees said they threw the product in the trash. Employees also were instructed to conceal their identities, pretending they were customers, and to call store managers of Whole Foods, Safeway and Kroger locations to stoke demand.Hampton Creek officials said the main purpose of the purchases by company contractors was to check the quality of the mayo. But, said Kurt Jetta of consumer data company Tabs Analytics, “there’s no legitimate explanation for a manufacturer buying significant quantities of their own product from the shelf.” Earlier this year, Hampton Creek sought additional funds to launch as many as 560 new plant-based products. In late October 2014 the parent company of Hellmann’s mayonnaise, Unilever, filed a lawsuit against Hampton Creek for false advertising, arguing that Just Mayo couldn’t be marketed as mayonnaise because it doesn’t meet the U.S. Food and Drug Administration definition of the product — 65% vegetable oil and at least one egg yolk-containing ingredient. Unilever dropped the suit in December 2014, and the FDA in August 2015 warned Hampton Creek that Just Mayo’s labeling was misleading because the product did not meet the standards for “mayonnaise.”
Share Facebook Twitter Google + LinkedIn Pinterest By Jon Scheve, Superior Feed Ingredients, LLCThe USDA lowered corn yield estimates about 2 bushels per acre and decreased demand a little as well. Despite these adjustments, the report still showed a drop in next year’s carryout and the tightest stocks-to-use ratio in 4 years. This could help keep corn from drifting lower.There was a huge carryout increase with China’s stocks, but I doubt this will have a big impact on the market. One, those stocks have been present for a long time. Two, this corn is not logistically set up for easy export.Basis levels in the U.S. have been strong since the middle of harvest. Recent increases ranging from 10 to 15 cents have been reported throughout the Corn Belt. This would suggest that farmers are not selling and that end users are in need of corn. This could indicate upside potential in corn prices.The USDA decreased bean yield estimates 1 bushel per acre, while export demand was updated to reflect the trade war and exports to China. This resulted in a 950 million bushel carryout that doesn’t seem to be resonating with the market. Normal carryout is between 250-400 million bushels, so it’s hard to understand how futures values just under $9 can be maintained.Many in the trade are hoping the trade war with China is fixed soon, suggesting exports would then suddenly increase. Even if the trade war ends, I would expect futures to rally some, but I doubt it would automatically return to levels seen last winter. It’s just unlikely bean exports would increase more than 400 million, as we are pretty far along in the export season.Bean basis is still historically weak across the U.S., but it has increased slightly since harvest is nearly finished. This is likely due to a lot of beans going into storage and a lack of farmer selling. How I’ve increased my farm’s profits selling callsLast week I wrote about why I don’t buy calls for my farm. I listed three reasons:Buying calls has terrible oddsBuying calls doesn’t work well with market carry futuresValue changes don’t correlate to call option value changesBuying calls gives the buyer the right to buy grain at a certain price. Those buying a call have to pay a premium, but there is no margin call risk. Selling calls forces the seller to sell grain at a certain price. Those selling calls collect the premium upfront. There can be margin call risk selling calls, but that’s a great thing. Margin calls mean price rallies, which as a grain producer I always want. 3 reasons I sell callsI store all of my production at home and sell calls against some of my unsold positions, usually no more than 30% of my total production.Reason 1: Selling calls has good oddsAt any time the market can move in three directions — up, down or sideways. When buying calls farmers can only be profitable on the trade if the market goes up quite a bit. When selling calls the opposite is true.If the market goes down or sideways I keep the premium from the sold call. I haven’t sold any grain, but I can apply the added profit to another trade later.If the market goes up I can lose money on this trade, BUT if the market rallies, as a grain producer I have a lot more grain to sell. Maybe not this year, but for sure next year.In other words, selling calls is betting against what I hope happens, and instead betting on what could likely happen. Selling calls spreads out my risk and allows me to avoid putting all my eggs in one basket hoping prices rally when market conditions suggest they may not. Reason 2: Selling calls works well with market carry in the futuresWhen the market is in a carry, where the further out futures are worth more than current prices, I have profited well from selling corn calls. Corn usually has a carry because the U.S. produces 33% of the world’s corn production and 80% of the world’s harvest occurs when the U.S. is harvesting their corn. Market carry signals to the market that it doesn’t want corn now (i.e. too much current supply), it wants it in later months. Therefore the market pays people to store the grain until later (i.e. when supply is tighter). So because of this carry the nearby futures month continues to hold in the same low price range and it usually prevents the market from going a lot higher.While I’m a fan of selling corn calls, I’m not a fan of selling bean calls. Beans often have an inverse, meaning current prices are higher than prices further in time. This is because South America harvests 60% of the world’s production 6 months after our harvest. The U.S only produces 33% of the world’s bean crop. This means the market doesn’t have to store the grain as long because another harvest isn’t that far away. This year may be different though, because of the huge carryout in U.S. beans. Reason 3: I can pick a price I want to sell and collect a premium if my goal isn’t attainedMany farmers tell me they want to “get all they can get” when they sell grain. My question to that statement is, “how do you know when you should sell then?” When pressed for the number they really want, they often say a round number like $4 or $4.20. Right now I could sell a July futures for about $4, or I could sell a July $4 call and collect almost 20 cents of premium. What does that mean?If corn is above $4 when the option expires at the end of June I have to sell $4, but I also keep the 20-cent premium from selling the call. So, it’s like selling for $4.20.If corn is between $3.80 to $4.00 in late June, I again keep the 20 cents. I could sell the corn if I wanted between those values and add the 20 cents of premium to that sale and have between $4.00-$4.20.If corn is below $3.80 in late June, I would keep the 20 cents to add to a later sale. I don’t have a hard floor price on any of the corn in this trade. This is what happened last summer. However as prices fell I kept selling further in time call options when any call expired below my goals. This allowed me to continue to collect more of the “consolation prize” of the call premiums. I later added all of these premiums to other sales to help me get to better price points.While not perfect, to me there are a lot of positives in this trade regardless of where the market goes. With what I know today, I’d be happy getting $4.00-$4.20 for my corn. Plus, if prices don’t rally I still get 20 cents I can add to a later sale. Options are not a perfect solutionThere are many in the trade who make it seem like options are the perfect solution for farmers. Call options, buying or selling, can provide some opportunity on some bushels, but they aren’t perfect and they have limitations. In my grain marketing plan I always want prices to go up, because from a sales standpoint I don’t make money if the market goes sideways or lower.If I buy a call, I only make money if prices goes up and will lose money if prices are sideways or down. If I sell a call, I make a little money when the market goes down or stays sideways, but my downside isn’t necessarily protected. Selling calls is the most profitable in a sideways market because I continue to pick up premium while waiting for an upswing in the market. Because no trade solution is ever going to be perfect it’s important for me to spread out my risk so that regardless of which way the market moves I can profit from it.As a farmer I can always take advantage of rallies without adding more risk buying calls. If prices go up, I can just sell some of my unpriced grain, which may mean next year’s crop. As a producer I will always have more corn to sell. Things get harder when the market stays at unprofitable price points for an extended period of time. That’s when selling calls to generate premium until prices do rally has been helpful in my farm operation marketing strategy.What about puts? Next week I’ll outline the pros and cons of put options in my farm operation.Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at email@example.com.
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