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AgDay Daily Recap -November 29, 2012

November 29, 2012
 
 

TODAY ON AGDAY
NOVEMBER 29, 2012

CHINA:

Good morning I’m Clinton Griffiths. A major shift is taking place in China's aquaculture industry - and that move is having an impact on U.S. soybean growers.

WHEAT GENOME:

USDA researchers have figured out the science behind the genetic make-up of bread wheat.

CROP WATCH:
Let's check in with Mike Hoffman who has field comments from farmers from Nebraska to the Florida panhandle, Mike.

BPI LAWSUIT:

In our Beef Today report, a federal judge is recusing himself from the defamation lawsuit against ABC. ABC is being sued for 1.2 billion by Beef Products Inc. over its coverage of lean finely textured beef. The judge says his daughter in law works as a producer on ABC's Good Morning America. While those battles are just beginning many ranchers are fighting just to hang on to the herd. Drought and dry weather continue to force liquidations and sales. The recent cattle on feed report shows numbers well below year ago levels. For analysts, like Jim Bower, the numbers indicate support for the market.

NEBRASKA RAIN:

Climatologists in Nebraska don't have much hope for a change in the weather. Nebraska state climatologist Al Dutcher tells Brownfield, forecasts are not calling for any significant increase in precipitation this winter. Without it, he says it's going to take an extremely wet spring to start reducing drought.

PIONEER IN UKRAINE:

In agribusiness today - DuPont pioneer is making a major investment in Ukraine. The company announced its building a seed production facility in the city of Stasi.  It’s a 40-million dollar investment. DuPont pioneer says it plans to have the facility operational for the 2013 season. This site will specialize in corn, sunflower and rap-seed hybrids.

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