AgDay Daily Recap -October 9, 2012

October 9, 2012 05:57 AM
 

TODAY ON AGDAY
OCTOBER 9, 2012

WORLD DAIRY EXPO FARM BILL:

Good morning I’m Clinton Griffiths. Now that 2008 farm bill has expired, the U.S. dairy industry has potential to see the biggest impacts.

WORLD DAIRY TOTALS:

Organizers of the 2012 World Dairy Expo say a record number of attendees from over 90 different countries attended the five day event in Madison last week.

WORLD DAIRY ACCIDENT:

Unfortunately, tragedy struck after the expo closed on Saturday. A 26-year-old woman swerved into a cattle trailer carrying eight jersey cows which had been in the show ring. The trailer and truck ran into a ditch and overturned. One of the prized-cows died. None of the drivers were hurt. Police say the driver of the car was reading a text message when the crash occurred.

REPORT:

In other news because Monday was Columbus Day, governmental offices were closed including USDA. That means the AG department did not release its weekly crop progress report. Those numbers will come out this afternoon. Meanwhile, USDA will release the October supply-demand report on Thursday.

CROP WATCH:

From pecans to potatoes, America’s farmers are busy this harvest season. Mike Hoffman has details for us in the AgDay weather-center. Mike.

CHINA GROWTH:

In agribusiness today - a strong warning from the World Bank that growth in Asia may continue it’s slow down. That sent the price of oil down another 20 cents or so on Monday.

ANALYSIS:

USDA releases its October crop reports this Thursday at 7:30 central time. But after January 1st, similar grain reports won't be released until eleven central time. The AG department made this switch after various exchanges changed their trading hours. Will this new release time make a difference to traders? Farm Director Al Pell has more in analysis.

VIRGINIA PUMPKIN:
Chances are your favorite pumpkin patch was very busy this past weekend. It is prime pumpkin time. Farmers are finding that with just a few acres of pumpkins, they're able to shore-up their farm income. In this report from the Virginia Farm Bureau, Norm Hyde tells us about the "great pumpkin" growth in the commonwealth.

FRENCH GMO’S:

Europe’s food safety authority is now criticizing the French scientists who link genetically modified corn to an increase risk of cancer. EFSA has doubts about the validity of the scientific methods used. Two weeks ago French scientists released a report that said that round-up ready corn - specifically variety NK603- substantially increased the risk of cancer in lab rats.

HISPANIC NUTRITION:

And according to a new report from NPD group, U.S. Hispanics look at healthy food differently than other Americans.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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