AgDay Daily Recap -April 8, 2014

April 8, 2014 02:57 AM
 

TODAY ON AGDAY

APRIL 8, 2014

 

RABOBANK BEEF OUTLOOK:

GOOD MORNING I'M TYNE MORGAN, IN FOR CLINTON GRIFFITHS. DESPITE FEARS OF CONSUMER PRICE RESISTANCE, ONE FIRM SEES CATTLE PRICES SHOOTING EVEN HIGHER IN 2014.

HEIFER SUPPLY:

IN DAIRY TODAY, REBUILDING THE U-S DAIRY HERD IS ALSO TAKING LONGER THAN EXPECTED. AND IT'S NOT JUST MOTHER NATURE THAT'S TO BLAME.

CALIFORNIA MILK:

MEANWHILE, HIGHER MILK PRICES AREN'T CAUSING THE SAME SUPPLY REACTION AS IN THE PAST. TYPICALLY, HIGHER PRICES MEANS MORE MILK IN THE PRODUCTION CHAIN. BUT THIS YEAR, THE HARSH WINTER IS DELAYING THAT IN MUCH OF THE MIDWEST AND NORTHEAST. ONE AREA THAT'S SEEING THE REVERSE IS CALIFORNIA.

RAW MILK:

MEANWHILE, ANOTHER STATE TAKES A STAND AGAINST RAW MILK SALES. THE MAINE STATE LEGISLATURE REJECTED A BILL THAT WOULD ALLOW FARMERS IN THE STATE SELL UNPASTEURIZED MILK DIRECTLY TO CONSUMERS. THE BILL FAILED 71 TO 65. IT WAS SIMILAR TO A MEASURE VETOED BY THE GOVERNOR IN 2013.
JAPAN:

THE RAPID SPREADING DEADLY PIG VIRUS IS DEVESTATING MORE THAN JUST U-S HERDS. JAPAN IS REPORTING ITS DEADLIEST OUTBREAK OF A HOG VIRUS IN 18 YEARS. THAT SUPPLY FEAR HELPED BOOST HOG FUTURES IN CHICAGO YESTERDAY.

PEDV:

THIS NEWS COMES AFTER HOG FUTURES POSTED THE BIGGEST WEEKLY DROP IN MORE THAN FOUR YEARS LAST WEEK. THAT WAS BASED ON REPORTS OF A SLOWING RATE OF P-E-D-V CAES IN THE U-S, AND WEAKENING CONSUMER DEMAND FROM HIGHER PRICES.  BUT JUST IN THE FIRST QUARTER OF THIS YEAR, HOG FUTURES ROSE 49 PERCENT-- THAT'S THE BEGGEST INCREASE IN 15 YEARS. I SPOKE TO AG SECRETARY TOM VILSACK ABOUT THE UNCERTAINTLY SURROUNDING P-E-D-V.

TRADE DEAL:

JAPAN AND AUSTRALIA ANNOUNCED A NEW TRADE DEAL ON MONDAY. THE PACT MARKS THE FIRST FOR JAPAN WITH A MAJOR AGRICULTURAL ECONOMY. WHILE THE TRADE DEAL WILL FORCE JAPAN TO GRADUALLY PHASE OUT ITS NEARLY 40 PERCENT TARIFFS ON AUSTRALIAN BEEF, IT CALLS FOR AUSTRAILIA TO END TARIFFS ON JAPANESE-MADE VEHICLES, APPLIANCES AND ELECTRONICS.  THE U-S IS CURRENTLY NEGOATIATING A TRADE DEAL INVOLVING JAPAN.

CROP PROGRESS:

THE AG DEPARTMENT RELEASED ITS FIRST NATIONAL CROP PROGRESS REPORT OF THE SEASON.

CROP WATCH:

SOIL TEMPS ARE SLOW TO WARM-UP FOR SOME FARMERS IN THE WESTERN CORNBELT. CINDI CLAWSON IS HERE FOR THE VACATIONING MIKE HOFFMAN.

ANALYSIS:

IN AGRIBUSINESS, CORN AND SOYBEAN FUTURES SLIPPED YESTERDAY, WHILE WHEAT POSTED GAINS. TRYING TO PREDICT WHAT THE MARKETS WILL DO CAN BE STRESSFUL, BUT THOSE PRICES WILL ULTIMATELY IMPACT YOUR BOTTOMLINE. IN TODAY'S ANALYSIS, AL PELL TALKS TO THE PROFIT MARGIN EXPERT CHRIS BARRON ABOUT THE FACTORS THAT PLAY INTO MORE MONEY IN THE END.

ANGUS:

THE NORTHEAST CORNER OF OKLAHOMA IS KNOWN AS 'GREEN COUNTRY'. AND IT'S MORE THAN JUST A CATCHY PHRASE. FARMERS AND RANCHERS BENEFIT FROM THE HIGHER ANNUAL RAINFALL THAN THEIR COUNTERPARTS IN THE WESTERN SIDE OF THE STATE. THAT MAKES IT A GOOD PLACE TO 'RAISE AND GRAZE'. IN THIS VIDEO PROVIDED BY THE AMERICAN ANGUS ASSOCIATION, WE VISIT THE BUFORD RANCH IN VINITA {VUH-NEE-TUH}, OKLAHOMA. THE FAMILY PRIDES ITSELF ON THEIR BEEF FOUND IN ONE OF THE BIGGEST GROCERY CHAIN IN THE STATE.

MILK COMPETITION:

IN FOOD AND YOUR FAMILY, THERE'S BEEN A BIG PUSH RECENTLY FOR AMERICANS TO REDUCE THE AMOUNT OF DAIRY IN THEIR DIET. WITH THE INTRODUCTION OF PRODUCTS LIKE ALMOND, COCONUT AND SOY MILK, THAT COMPETITION ISN'T A BIG CONCERN FOR THE DAIRY INDUSTRY?

SPUD SALES:

AND U-S POTATO GROWERS COULD SEE A BUYING BOOST THIS YEAR. THAT'S BECAUSE ONE OF THE LEADING FRESH POTATO BUYERS IS MAKING SALES A LITTLE EASIER.

 

 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
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