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AgDay Daily Recap -December 17, 2012

December 17, 2012
 
 

TODAY ON AGDAY
DECEMBER 17, 2012

MISSISSIPPI RIVER:

Good morning I’m Tyne Morgan in for Clinton Griffiths. Barge traffic could come to a halt in the middle Mississippi this week. And that's our top story on AgDay.

PANAMAC SHIPS:

While shipping up and down the Mississippi is in jeopardy, shipping through the Panama Canal is poised for massive expansion.  Work on the canal is nearly complete. The deeper, wider channel will accommodate new Panamax ships. Freighters are capable of carrying 12-thousand, twenty-foot shipping containers at once. Export experts say the shift to bigger vessels is an opportunity for U.S. Agriculture. But, it’s going to require infrastructure and innovation. Dorr says several cities are already in the process of deepening their ports to 50 feet in order to handle the new Panamax ships. More shipping means more exports. USDA recently released its 2013 export expectations. They're estimating nearly 145 billion dollars in goods will be sold in 2013.Up several billion dollars from this year. Secretary Vilsack says those increases equate to jobs.

CROP WATCH:

All winter wheat growers want for Christmas is a little moisture. And maybe some colder weather. AgDay Meteorologist Mike Hoffman joins us from the weather center with details.

RECORD BEEF PRICES:
New analysis from Rabo Agrifinance anticipates record global beef prices in 2013.

FARM DUST:

The EPA says it sticking with its current dust standards-- putting to bed fears of expensive dust regulations. Under the clean air act the agency is required to review its dust standard and evaluate the impact on public health. Many producers feared stricter standards would have costly impacts on rural America, forcing slower speeds on dirt roads, requiring they be paved or forcing field work into the overnight hours. EPA says it will leave current standards in place and is up for review again in five years.

OIL PRICES:

In agribusiness today, according to CNN money, analysts are expecting lower oil prices in 2013.

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