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USFR Weekly Recap - February 16-17, 2013

February 16, 2013

                                                                                                                                                                                             

THIS WEEK ON U.S. FARM REPORT

EPISODE # 2062

FEBRUARY 16-17, 2013 

 

 

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS. SO FAR MY MARKETING PLAN FOR 2013 IS NOT EXACTLY WORKING OUT LIKE I HOPED. A FEW UNEXPECTED PRICE TURNS CONFOUNDED MY PREDICTIONS. THE LAST FEW YEARS HAVE EXPANDED OUR VISION OF WHAT CAN HAPPEN, AND HAVING THE FIRST POPE IN SIX HUNDRED YEARS RESIGN THIS WEEK CERTAINLY REINFORCES THIS OUTLOOK. WITH TIGHT GRAIN STOCKS, CLIMATE QUESTIONS, PERPLEXING POLITICS AT HOME AND ABROAD, AND A COMPLEX GLOBAL FINANCIAL SYSTEM, THIS COULD TRULY BE THE YEAR TO ASK: WHAT COULD POSSIBLY GO WRONG? JUST DON'T EXPECT A HELPFUL ANSWER. TIME NOW FOR THE HEADLINES, HERE'S TYNE MORGAN.

HEADLINES:

THANK YOU JOHN AND HELLO EVERYONE. IT APPEARS THE CORN BELT COULD BE GEARING UP FOR ANOTHER DRY SUMMER, BUT NOT AS INTENSE. COMPETITION FROM OTHER COUNTRIES AND OTHER CROPS WILL RESULT IN A MUCH SMALLER U-S COTTON CROP IN 2013. U.S. MEAT WON'T BE HEADED FOR RUSSIA. THAT COUNTRY SUSPENDED ALL IMPORTS OF U.S. MEAT ON MONDAY, CITING CONCERNS OVER THE FEED ADDATIVE RACTOPAMINE. ADDING RUSSIA HAS REFUSED TO DISCUSS THE SAFETY OF RACTOPAMINE AND SUSPENDED MEAT IMPORTS. AG LEADERS SAY THIS RAISES ABOUT RUSSIA'S COMMITMENT TO THE GLOBAL TRADING SYSTEM.

CROP WATCH:

CROP WATCH THIS WEEK BEGINS IN KANSAS.

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