TODAY ON AGDAY
NOVEMBER 20, 2012
Turkey producers are managing losses to ensure 2012 is a profitable year. And that's our top story on AgDay.
As she just mentioned, high feed costs are pushing pork producers to prepare for record losses this quarter. Fortunately for livestock producers, corn prices have retracted off their highs, creating a recipe for losses not as steep as originally thought earlier this fall.
In our Dairy Today report - for the second straight month, there's been a drop in U.S. milk production. Our partners at Dairy Today say this rarely happens.
The drought is impacting more than just the amount of feed available. Aflatoxin in corn is causing unusual flow patterns of grain shipments for feed. Don close with Rabo Agrifinance says corn from Minnesota and South Dakota is being shipped to central Illinois for blending.
The weekly crop progress report is nearly over for another season. The struggling wheat crop is still getting attention. As of Monday, winter wheat saw another two point decline in the "good" category. And the shifted to the poor category.
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