Jul 26, 2014
Home | Tools| Events| Blogs| Discussions Sign UpLogin

USFR Weekly Recap - JULY 5-6, 2014

July 5, 2014

 

TODAY ON USFR
JULY 5-6, 2014
 
HEADLINES:
IT WASN'T A PRETTY WEEK IF YOU HAVEN'T SOLD NEW CROP SOYBEANS. OUR ANALYSTS BREAK DOWN THE LATEST USDA REPORT. CHIPOTLE FINALLY ANSWER'S AGRICULTURE'S BURNING QUESTIONS ABOUT GETTING RESPONSIBLY RAISED BEEF FROM AUSTRALIA. JOHN PHIPPS LIGHTENS THE MOOD WITH A FUNNY FAMILY TRIBUTE THIS HOLIDAY WEEKEND.
JOHN OPEN:
HELLO AND WELCOME TO U-S FARM REPORT. HAPPY INDEPENDENCE DAY WEEKEND…I'M TYNE MORGAN. JOHN PHIPPS WILL JOIN US IN JUST A BIT FROM HIS FARM. I WONDER WHAT WAS MORE WATCHED THIS WEEK BY FARMERS? THE MARKETS OR THE WORLD CUP…EITHER WAY, NEITHER OF THE OUTCOMES WAS VERY PRETTY. WE'LL EXPLAIN WHY, AT LEAST ON THE MARKET SIDE, IN JUST BIT. AND THEN WE'LL HEAR FROM JOHN PHIPPS WHO LIGHTENS THE MOOD WITH A RATHER HUMOROUS JOHN'S WORLD THIS WEEK. BUT FIRST, THE HEADLINES.
USDA REPORT:
AS I MENTIONED, THE LATEST USDA ACREAGE REPORT RELEASED MONDAY WASN'T FRIENDLY TO GRAIN PRICES.USDA ESTIMATES U-S FARMERS PLANTED QUITE A FEW MORE SOYBEANS ACRES, WITH ESTIMATES AT A RECORD 84 POINT 8 MILLION ACRES.CORN ACREAGE CAME IN AT 91 POINT 6 MILLION. USDA PROJECTS ALL WHEAT ACRES AT 56 AND A HALF MILLION AND THINSK FARMERS PLANTED OVER 11 MILLION ACRES OF COTTON.
USDA STOCKS:
USDA ALSO RELEASED ITS QUARTERLY GRAIN STOCKS REPORT THE SAME DAY.

IT SHOWS HIGHER SOYBEAN STOCKS THAN EXPECTED, AT 405 MILLION BUSHELS.

CORN STOCKS CAME IN AT 3 POINT 85 BILLION BUSHELS. AND USDA PROJECTS WEHAT STOCKS AT 590 MILLION BUSHELS. OUR ANALYSTS WILL JOIN US IN JUST A BIT TO TELL US WHAT THESE NUMBERS MEAN.

CHIPOTLE BEEF:
CHIPOTLE RECENTLY STIRRED UP SOME CONTROVERSY IN THE AGRICULTURE COMMUNITY WHEN IT ANNOUNCED IT WOULD HAVE TO START SOURCING BEEF FROM AUSTRALIA. THE REASON BEING THEY COULDN'T FIND ENOUGH RESPONSIBLY RAISED BEEF FROM THE U-S.

THIS WEEK, OUR PARTNERS AT AGRITALK HAD AN EXCLUSIVE INTERVIEW WITH CHIPOTLE'S COMMUNICATIONS DIRECTOR CHRIS ARNOLD ON THE ISSUE. ARNOLD TOLD HOST MIKE ADAMS THAT RESPONSIBLY RAISED IS THEIR TRADEMARK TERM, MEANING BEEF WITH NO ANTIBIOTICS OR ADDED HORMONES. AND WITH RECORD TIGHT BEEF SUPPLIES AND RESPONSIBLY RAISED BEING SUCHA NICHE MARKET.  THEIR DECISION CAME DOWN TO PRICE.

ND AND TX OIL:
NEARLY HALF OF THE NATION'S OIL PRODUCTION NOW COMES FROM JUST TWO STATES.

THE U-S ENERGY INFORMATION ADMINISTRATION SAYS TEXAS NEARLY DOUBLED OIL PRODUCTION OVER THE PAST FEW YEARS. BUT NORTH DAKOTA IS EVEN MORE IMPRESSIVE, NEARLY TRIPLING PRODUCTION IN THAT SAME TIME. AND AS YOU CAN SEE, THE U-S PALES IN COMPARISON TO THOSE TWO STATES, GROWING AN AVERAGE OF 2 PERCENT PER YEAR.

SEED THEFT ARREST:
AN UPDATE TO THE SEED ESPIONAGE CASE WE'VE BEEN COVERING. U-S OFFICIALS HAVE NOW ARRESTED AND CHARGED A WOMAN WHO ALLEGEDLY HELPED STEAL TRADE SECRETS FROM SEED COMPANIES IN THE U-S. MO YUN IS THE SISTER OF MO HAILONG WHO WAS ARRESTED IN DECEMBER ON THE SAME CHARGES.FEDERAL OFFICIALS SAYS BOTH WORKED FOR D-B-N GROUP, A CHINESE BASED SEED TECH COMPANY.
JOHN’S WORLD:
 WE'RE SPENDING TIME WITH OUR CHILDREN AND GRANDCHILDREN THIS WEEKEND, AND I HOPE YOUR FOURTH OF JULY HAS MANY HAPPY MOMENTS WITH FAMILY AND FRIENDS AS WELL. THE OCCASION REMINDED ME OF AN EMAIL FROM MY DAUGHTER-IN-LAW REGARDING MY 5 YEAR-OLD GRANDDAUGHTER.THE YOUNG LADY HAS ALREADY DEVELOPED A KEEN SENSE OF FASHION, WHICH REVOLVES AROUND COMBINATIONS OF PINK AND PURPLE.
ONE MORNING SHE ANNOUNCED SHE WAS GOING TO DRESS "FARMER" LIKE GRANDMA.

HER MOTHER SAID OK, WHAT DOES A FARMER DRESS LIKE? WELL, SHE ANNOUNCED IMPERIOUSLY, YOU HAVE TO WEAR A BELT. AND YOU HAVE TO TUCK YOUR SHIRT IN. AND THEN YOU HAVE TO CLIP YOUR CELL PHONE ON YOUR BELT.JAN AND I HAD A GOOD LAUGH, UNTIL WE STARTED THINKING ABOUT IT. TO BE SURE, THIS IS, ON ONE LEVEL, JUST ANOTHER CLOYINGLY SENTIMENTAL GRANDPARENT STORY. BUT ON ANOTHER, SHE ACCURATELY OBSERVED A FEW THINGS.FIRST, BECAUSE MOST OF THE GROWNUPS SHE KNOWS - SUCH AS HER PARENTS - BUY JEANS THAT TRULY FIT - IN SOME CASES A LITTLE TOO WELL - THEY OFTEN DO NOT WEAR BELTS.. FARMERS PICK OURS FOR COMFORT AND DURABILITY, SO BELTS ARE MANDATORY. PLUS, MOST OF ELSIE'S PANTS HAD ELASTIC SECOND, SINCE WE SPEND A LOT OF TIME AROUND MACHINERY WITH CHAINS AND SHAFTS AND METALLIC CORNERS, WE KEEP OUR SHIRTTAILS TUCKED IN. IT ALSO KEEPS BEESWINGS OFF YOUR TUMMY. FOR LITTLE GIRLS AND SUBURBANITES THIS PRACTICE IS UNCOOL AS WELL…FINALLY, MOST URBAN FOLKS KEEP CELLPHONES IN A POCKET OR PURSE. CLIPPED ON YOUR BELT IS MAYBE A LITTLE DORKY, LIKE A BIG KEY RING. BUT WHAT GOT ME WAS EVEN THOUGH SHE HAS SEEN HUNDREDS OF STORYBOOK PICTURES OF FARMERS FROM BOOKS AND VIDEOS; SHE ACCURATELY DREW A LINE BETWEEN FICTIONAL AND ACTUAL FARMERS. SHE ALSO DOESN'T DRAW ATTACH ANY GENDER TO THE OCCUPATION.

OF COURSE, ELSIE HAS SPENT A LOT OF TIME ON THE FARM, UNLIKE MOST CHILDREN. BUT IF YOU'RE WORRIED WE CAN'T ESCAPE THE STEREOTYPE OF MEN IN BIB OVERALLS AND STRAW HAT, TAKE HEART. THEN PUT ON A BELT, TUCK IN YOUR SHIRT, AND CLIP ON YOUR PHONE.

TAG & CLOSE:
COMING UP IN OUR NEXT HALF HOUR A TRIBUTE TO A CHAPLAIN...WHO PLAYED A VERY IMPORTANT BUT OFTEN UNDERPLAYED ROLE, IN THE CIVIL WAR….STAY WITH US - THE SECOND HALF OF U-S FARM REPORT IS COMING RIGHT UP.

HEADLINES:

THIS WEEKEND ON U-S FARM REPORT...CHIPOTLE GIVES ANSWERS TO A CAMPAIGN SOME SAY IS ANTI-AG. EPA CLEARS THE AIR OVER THE CLEAN WATER ACT. THE STORY OF A PATRIOTIC CHAPLAIN WHO GAVE HOPE TO MANY DURING THE BATTLE OF GETTYSBURG.

AND BAXTER PAYS TRIBUTE TO AMERICAN COWBOYS.

JOHN OPEN:
THIS WEEKEND ON U-S FARM REPORT...CHIPOTLE GIVES ANSWERS TO A CAMPAIGN SOME SAY IS ANTI-AG. EPA CLEARS THE AIR OVER THE CLEAN WATER ACT. THE STORY OF A PATRIOTIC CHAPLAIN WHO GAVE HOPE TO MANY DURING THE BATTLE OF GETTYSBURG.

AND BAXTER PAYS TRIBUTE TO AMERICAN COWBOYS… LET'S GET STARTED WITH THE HEADLINES AND AL PELL...

CHIPOTLE:
IT'S MORE THAN JUST CHIPOTLE'S RECENT DECISION TO SOURCE RESPONSIBLY RAISED BEEF FROM AUSTRALIA THAT'S CAUSING A RUB WITH MANY IN AGRICULTURE.

EARLIER THIS YEAR THE CHAIN RELEASED A WELL PRODUCED WEB SERIES CALLED "FARMED AND DANGEROUS." MANY IN AGRICULTURE SPOKE OUT, SAYING THE CAMPAIGN IS ANTI-AGIRULTURE. OUR PARTNERS AT AGRITALK SAT DOWN FOR AN EXCLUSIVE PHONE INTERVIEW WITH CHIPOTLE'S COMMUNICATIONS DIRECTOR CHRIS ARNOLD EARLIER THIS WEEK.

EPA BLOG:
EPA IS ALSO TRYING TO CLEAR THE AIR, BUT WITH THE CLEAN WATER ACT.

 ACTING ASSISTANT ADMINSTRATOR NANCY STONER PUBLISHED A BLOG POST THIS WEEK, ADDRESSING THE CONFUSION AMONG AGRICULTURE WITH WHAT THE PROPOSED WATERS OF THE U-S RULE MEANS. STONER SAYS UNLIKE PERCEPTIONS, THE EPA AND ARMY CORP OF ENGINEERS WILL NOT HAVE GREATER POWER OVER FARMS AND RANCHES. SHE SAYS THE MULTIPLE EXEMPTIONS AND EXCLUSIONS ON FARMERS WILL STILL EXIST.SHE ALSO SAYS THE CHANGES WON'T BRING ALL DITCHES ON FARMS UNDER FEDERAL JURISIDCATION.MEANWHILE, EPA ADMINISTRATOR GINA MCCARTHY WILL START A MIDWEST TOUR THIS WEEK, HEARING FROM FARMERS AND RANCHERS ABOUT THEIR CONCERNS OVER THE PROPOSED CHANGES.

RABBOBANK BEEF:
RABOBANK EXPECTS GLOBAL BEEF PRICES TO RISE. IN ITS QUARTERLY BEEF FORECAST, THE FIRM SAYS THE MAIN REASON IS THEY DON'T EXPECT THE CURRENT HIGH SUPPLY AROUND THE WORLD TO LAST. ADD TO THAT BOOMING DEMAND FROM CHINA.

READ MORE
Previous 1 2 Next

See Comments

RELATED TOPICS: USFR Recap

 

MARKETS

CROPSLIVESTOCKFINANCEENERGYMETALS
Market Data provided by Barchart.com
Enter Zip Code below to view live local results:
bayer
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions