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AgDay Daily Recap -October 15, 2012

October 15, 2012
 
 

TODAY ON AGDAY
OCTOBER 15, 2012

TYSONS AUDIT:

Good morning I’m Clinton Griffiths. One of the nation's largest producers of meat and poultry plans to scrutinize its suppliers to insure animals are getting humane treatment.

RFS DEADLINE:

A waiver decision for the renewable fuels standard is now in the hands of the EPA. October 11th marked the final day for comments on a request to waive the biofuels mandates. Governors from Arkansas and North Carolina originally petitioned the waiver, while leaders in other states joined in support or opposition. The last time EPA considered even a partial waiver back in 2008, it got more than 15-thousand comments.

CATTLE ON WHEAT:

Support for waiving the RFS comes mostly from livestock producers concerned about the cost of feeding animals during the current widespread drought. With winter looming winter feed continues to be top of mind for cattle producers. In the southern plains, winter wheat pastures are starting to emerge. Oklahoma producers expect a slightly better situation than last year, especially after recent widespread showers. Livestock experts say even with high cattle prices, stockers on winter wheat can still pencil out. Peel also says now is the time most cattlemen make culling decisions. And this year shouldn't be any different. He expects the most of the cull cows to move to market in the next six weeks.

MEAT EXPORTS:

Now to meat exports which showed a slump in volume in August. The U.S. Meat Export Federation released its monthly analysis.

CROP WATCH:

Despite weekend rains, drought in the western cornbelt is still a big problem. Mike Hoffman has more in cropwatch.

ANALYSIS:

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