TODAY ON AGDAY
DECEMBER 16, 2011
2012 GRAIN MARKETS:
Good morning. Have you figured out your planting intentions for 2012? As you put your pencil to paper, do the numbers seem to push you towards more corn? According to some Ag economists, the biggest question right now looking ahead to 2012 will be acreage. There are some indications the market may be looking for 94 million acres of corn. If that's true, what price will the market be willing to pay and where would those additional acres come from? We talked with noted Ag economist Matt Roberts from Ohio State University about his outlook for the coming year. Roberts says the market will be watching the January grain stocks report very closely to see how feed demand and domestic use has impacted the grain levels. In the December report - which came out a week ago - USDA raised the 2011-12 grain ending stocks by five million bushels to 848-million bushels.
BAYER RICE SETTLEMENT:
In other news rice growers have met a legal threshold to move forward with a proposed 750 million dollar settlement over genetically modified rice. Bayer Crop-Science says farmers filed enough claims to represent 85 percent of u-s long-grain rice acreage. That was a threshold point established for the agreements to become binding. This case dates back to 2006. Farmers claimed rice prices fell after USDA announced the GMO rice was found in rice stocks. The farmers say they couldn't sell their grain in countries that don't allow GMO crops. Allowing the GMO rice into the market hurt their ability to market their grain in. Bayer argued that any damages farmers may have suffered were minimal.
Time to get your first look at farm country weather, meteorologist Mike Hoffman has Crop Watch from the AgDay weather-center. Mike. Good morning Al. USDA's drought monitor shows some recent showers across the southern Appalachians is helping to alleviate some of the drought conditions in the southeast. Some abnormal dryness and moderate drought were removed from northern Georgia and North Carolina. Streamflows and reservoir levels across western North Carolina have recovered from earlier this year. And in crop comments from AgWeb, we heard from a grower in Benton County Indiana. He says crops were very good in his area, but you didn't have to go too far west to get into some areas that were severely impacted by hot, dry weather. Our corn averaged 185 BPA with beans at 55 BPA. Not close to our best, but still very satisfactory results. He says his fields are in good shape for next spring.
For every farmer, half the battle of getting good yields is knowing which seed works best in that specific corner of the country. This morning, we're introducing you to a company called "First" which spends every year trying to find that exact information. Recently, Clinton Griffiths traveled to Monticello, Illinois for a sneak peek of this year's soybean results. If you would like to learn more about the data and how it can improve your bottom line, go to their website. It's www.firstseedtests.com.
IN THE COUNTRY; PORK AWARD OHIO:
This morning we wrap-up our series of reports that focus on pork producers who take environmental stewardship to a new level. We're headed to the Wueber Farm in western Ohio. Brothers Alan and Jeff Wuebker use technology to its fullest potential to help improve the health of their herd and to protect the environment of their community. In this profile provided by the National Pork Board, Cindy Cunningham takes us to this award winning farm. By the way, Jeff and Alan also installed compact fluorescent lighting in their barns. They burn about 23 watts versus the 100 watt bulbs they used to use. They say it's a big savings over the long haul. Food and Your Family is next.
BEEF AND HEARTS:
In food and your family a new study conducted by researchers at Pennsylvania State University seems to show that eating beef can be part of a heart-healthy diet. The study was called "Beef in an Optimal Lean Diet" or BOLD. It was paid for by the National Cattlemen's Beef Association and the Beef Check-off. The study followed 36 men and women with moderately elevated cholesterol levels. The doctors had their patients on diets which included various levels of red beef. At the end of the study, the patients with the higher levels of beef lowered their LDL levels in their cholesterol by ten percent.
Results of the bold study will appear in the American Journal of Clinical Nutrition in January.
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