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AgDay Daily Recap -October 5, 2012

October 5, 2012
 
 

TODAY ON AGDAY
OCTOBER 5, 2012

DROUGHT MONITOR:

Good morning I’m Clinton Griffiths. While we don't have the intense heat of summer, the lack of precipitation continues to intensify in parts of the Great Plains.

CROP WATCH:
There's been improvement in moisture levels in the eastern cornbelt. In fact, it's delaying some harvest. Mike Hoffman has details in cropwatch.

MILK PRICE:

Good news for dairy producers at this week's World Dairy Expo. The USDA set the class three milk price at $19 per hundredweight. That's up one-84 from the previous month---and just slightly lower than last year. It's the highest base price since last December. The class 4 price is 17-41.

DAIRY EXPORTS:

While for the year, milk prices are down, U.S. dairy exports are on a record pace the first half of 2012. That's according to the U.S. Dairy Exports Council.

WORLD DAIRY EXPO:

As you could see, that was from an interview I did at the World Dairy Expo. We'll have more in-depth coverage from this year's Expo, starting next Monday, Tuesday and Wednesday.

PROFIT BRIEFING:

There's been a lot of market discussion about selling the crop right off the combine. Does that advice still stand? Profarmer editor Chip Flory and senior market analyst Brian Grete join us from the ProFarmer studios to look at the market structure that seems to shift with each passing day of harvest.

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