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Transcripts for CNN Inside Man 20131230 05:06:00

in addition to grass and hay, kenny feeds his cattle corn, the key ingredient to fatten them up for market. more weight means more money. so what s this right here? corn distillers. they take the corn and they distill it down. this is what s left. right. we fed this for about 12 years now. how is the price of this changed? this has gone up from $20 a ton to $300 a ton. rod johnson told me yesterday it was $435 a ton. wow. it s already gone up another $135. yeah. that s a lot. the cows are pretty hungry. there s a big nugget. they go right up. higher corn market, less income in our pocket, less income, high expenses, you re not in business very many years. see, i m intimidating. that s what it is. i m so scary. ....

Kenny Wellnitz , Mo Ney , Crawford Livestock Market , Cattle Corn , Corn Distillers , Rod Johnson , 0 S , Corn Market ,

Transcripts for CNN Inside Man 20131230 05:47:15

Transcripts for CNN Inside Man 20131230 05:47:15
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Kenny Wellnitz , Northwest Nebraska ,

Transcripts for CNN Inside Man 20131230 05:48:00

We had them in at 480. they were 469. it s 140 pounds light for the normal time of year that i would sell them. so that s that s less money in my pocket, but we ll take this to the bank and deposit it and it will give us an opportunity to buy a little more hay, a little more time, and decide what we re going to do with everything else. yeah. kenny and tammy will use the money from the sale to pay back the loans they took on to get through the summer. while it s not an ideal circumstance, it s one more step they can take to stay afloat. 75 degrees we got the check. $165,578. it goes very fast. hey, fred, how are you? ....

Mo Ney , Everything Else , Kenny Wellnitz , Ideal Circumstance ,

Transcripts for CNN Inside Man 20131230 05:43:00

we re going down to the scales to weigh them. the total number of calves you re selling today is? 200. 200. that has to be a hard decision. yeah, it really is. very hard. very difficult. you can see their trucks. kenny s steers will be weighed in town, where he ll be paid based on the average weight per animal. this year he s selling two months early and hoping to get about 480 pounds per steer. in times like these, every pound and every dollar counts. ....

Kenny Wellnitz , Dollar Counts ,

Transcripts for CNN Inside Man 20131230 05:02:00

If you live in certain parts of the country, drought is as unthinkable as a drought or tsunami. it just happens somewhere else. but if you live in sheridan county, nebraska, you re living through one of the costliest natural disasters in u.s. history. sheridan is now one of the driest counties and one of the driest states in the entire country. and nobody around here knows that better than kenny wellnitz. along with his wife tammy and son cain, he breeds and raises 800 black angus cattle on ranch land which he sells to the beef market. now besides facing a natural disaster, kenny is facing a desperate economic crisis. the drought may make him reduce the size of hi herd. ....

Northwest Nebraska , Sheridan County , Kenny Wellnitz , Beef Market , Natural Disaster , Chi Herd , Black Angus Cattle On Ranch Land ,