AgDay Daily Recap -December 6, 2012

December 6, 2012 04:57 AM
 

TODAY ON AGDAY
DECEMBER 6, 2012

DROUGHT CONDITIONS:

GOOD MORNING I'M TYNE MORGAN. CLINTON GRIFFITHS IS ON ASSIGNMENT. DROUGHT CONDITIONS COULD FORCE RANCHERS INTO MASSIVE HERD REDUCTIONS IN 2013. AND THAT'S OUR TOP STORY ON AGDAY. AS DROUGHT CONDITIONS IN THE SOUTHERN PLAINS WORSEN, THE HOPE OF PASTURE AND FEED IMPROVEMENTS DIMINISH. THIS COULD FORCE MAJOR HERD REDUCTIONS IN THE AREA.

CATTLE PRICES:

MEANWHILE, THE WORLD'S LARGEST BEEF PRODUCER EXPECTS CATTLE PRICES TO SPIKE NEXT YEAR. JBS PROJECTS CATTLE PRICES COULD BE UP 20 PERCENT. THE COMPANY SAYS GRAZING PASTURES HAVE RECEIVED RAIN IN SOME AREAS, AND GRAIN PRICES HAVE DROPPED OFF THEIR HIGHS. THIS WILL PUSH RANCHERS IN STATES LIKE NEBRASKA AND TEXAS TO FEED ANIMALS VERSUS SENDING COWS TO SLAUGHTER. JBS SAYS THIS MEANS A 6% REDUCTION IN BEEF OUTPUT IN THE U-S AND HIGHER CATTLE PRICES.

MISSISSIPPI RIVER:

WE TALKED WITH DAN BASSE, HE'S PRESIDENT OF CHICAGO-BASED "AG RESOURCE COMPANY". HE SAYS GRAIN COMPANIES ARE CONTRACTED TO SHIP THAT GRAIN - NO MATTER WHAT, NOR AT WHAT COST. BUT BECAUSE THE DROUGHT HAS BEEN AROUND FOR MONTHS, THEY WERE READY.

AG SECRETARY:

IN OTHER NEWS - AGRICULTURE SECRETARY TOM VILSACK SAYS HE LOVES HIS JOB AND IS WILLING TO STAY AS LONG AS THE PRESIDENT WANTS HIM TO SERVE. THE SECRETARY TALKED WITH AGDAY'S CLINTON GRIFFITHS AT THE USDA HEADQUARTERS IN WASHINGTON ON WEDNESDAY. VILSACK SAYS HE AND THE PRESIDENT HAVE NOT DISCUSSED HIS FUTURE. WE'LL HAVE MORE OF THIS EXCLUSIVE INTERVIEW FRIDAY ON AGDAY.

CROP WATCH:

THERE'S NO SIGN OF NEW MOISTURE IN THE MIDWEST. MIKE HOFFMAN HAS DETAILS IN CROPWATCH, MIKE.

CHINA SEED DEAL:

AN AGREEMENT HAS BEEN SIGNED BY THE AMERICAN AND CHINA SEED ASSOCIATIONS AIMED TO HEL IMPROVE BUSINESS OPPORTUNITIES AND FARMER PRODUCTIVITY.

STAMP BANKRUPTCY:

IN AGRIBUSINESS TODAY - A MASSIVE FARMING OPERATION IN SOUTHWEST MICHIGAN WITH MORE THAN 40-THOUSAND ACRES HAS FILED FOR BANKRUPTCY.

ANALYSIS:

WITH ALL OF THIS TALK ABOUT DROUGHT, SOYBEANS SETTING NEW HIGHS IN 2013 ENTERS BACK INTO FARMER CONVERSATIONS. I CAUGHT UP WITH SUE MARTIN DURING THE EXECUTIVE WOMEN IN AGRICULTURE CONFERENCE LAST WEEK TO SEE IF SHE THINKS IF WE COULD REACH A NEW SOYBEAN RECORD.

URBAN FORESTRY:

A HEAVILY-POPULATED CITY CAN STILL HAVE LOTS OF PRETTY TREES. URBAN FORESTRY IS A CONCEPT EMBRACED BY MANY TENNESSEE COMMUNITIES, AND NOW COLLEGE STUDENTS ARE WORKING TO BRING SHADE AND BEAUTY TO SOME AREAS. IN THIS REPORT PROVIDED BY U-T, CHUCK DENNEY SHOWS US THE CAREFUL PLANNING THAT GOES WITH URBAN FORESTRY U-T EXPERTS SAY USUALLY THE BIGGEST CHALLENGE TO GROW TREES IN AN URBAN AREA IS POOR QUALITY SOIL.

FOOD AND YOUR FAMILY:

IN FOOD AND YOUR FAMILY, AS 2012 DRAWS TO A CLOSE, WE'RE ALREADY LOOKING INTO WHAT'S HOT FOR 2013... IN FOOD THAT IS. EACH YEAR THE NATIONAL RESTAURANT ASSOCIATION FORECAST MENU TRENDS FOR THE COMING YEAR.

FARMER VIDEO:

AND FINALLY THIS MORNING - THE PETERSON BROTHERS OF KANSAS ARE AT IT AGAIN. YOU MAY REMEMBER GREG, NATHAN AND KENDAL PETERSON. THEY PRODUCED A MUSIC VIDEO EARLIER THIS YEAR THAT WENT VIRAL. IT WAS CALLED "I'M FARMING AND I GROW IT", WHICH WAS TAKE OFF A POPULAR CONTEMPORARY SONG. THE YOUNG MEN - WITH HELP FROM THEIR SISTER LAURA WHO DID THE TAPING - HAVE RELEASED A NEW VIDEO ON YOU TUBE. THIS ONE'S ENTITLED "FARMER STYLE".

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
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