AgDay Daily Recap -February 27, 2014

February 27, 2014 01:57 AM
 

TODAY ON AGDAY

FEBRUARY 27, 2014

 

SOYBEAN PRICES:

PLENTY OF ISSUES FOR GROWERS AT THIS YEAR'S COMMODITY CLASSIC.

OATS:

OAT FUTURE CONTINUE TO STIR UP THE MARKET. MARCH CONTRACTS CLIMBED AGAIN WEDNESDAY PAST FIVE OH FIVE MARK. WHILE MAY CONTRACTS ENDED THE DAY DOWN AFTER SETTING A NEW HIGH THE DAY BEFORE. RAIL CONGESTION IN CANADA IS SLOWING SHIPMENTS OF THE GRAIN. THE COMMODITY IS UP ABOUT 30 PERCENT ON THE YEAR.

COMMODITY CLASSIC:

GRAINS ARE FRONT AND CENTER THIS WEEK AT THE ANNUAL COMMODITY CLASSIC. MORE THAN 6-THOUSAND GROWERS ARE EXPECTED TO BE ON HAND THIS YEAR IN SAN ANTONIO TEXAS. AS NATIONAL REPORTER TYNE MORGAN TELLS US, THERE IS NEVER A SHORTAGE OF TOPICS FOR GROWERS TO DISCUSS.

CROP WATCH:

WILL ANY LATE SEASON SNOW PROVIDE MUCH HELP TO DROUGHT-STRICKEN CALIFORNIA? MIKE HOFFMAN HAS SOME ANSWERS IN CROPWATCH.

IMMIGRATION:

IMMIGRATION REFORM BACK IN THE SPOTLIGHT. MORE THAN 630 BUSINESS ORGANIZATIONS INCLUDING MANY AG GROUPS SENT A LETTER TO HOUSE REPUBLICAN LEADERSHIP THIS WEEK. THE NOTE STRESSES THE IMPORTANCE OF TAKING UP IMMIGRATION LEGISLATION SOONER RATHER THAN LATER. FOR AG GROUPS THAT INCLUDES FIXING THE GUEST WORKER PROGRAMS.

PEDV FREE:

WASHINGTON STATE SAYS ALL SWINE ENTERING THE STATE NEEDS TO HAVE EVIDENCE THE ANIMALS ARE FREE OF P-E-D-V. THE RULE GOES INTO EFFECT IMMEDIATELY AND SET TO LAST AT LEAST 120 DAYS. AT LAST COUNT PEDV HAS SPREAD TO HALF OF U.S. STATES SINCE FIRST ARRIVING LAST APRIL.

MILK:

USDA'S LATEST MILK PRODUCTION REPORT SAYS KANSAS IS THE FASTING GROWING PRODUCER IN THE U.S. PRODUCTION GREW MORE THANT 7 PERCENT IN 2013 ALONE.
KANSAS MILK IS NOW WORTH NEARLY 600 MILLION DOLLARS...PUMPED FROM 137-THOUSAND COWS.

CATTLE PRICES:

IN OUR BEEF TODAY REPORT, CATTLE PRICES MAY SEEM LIKE SOMETHING OUT OF A FAIRYTALE FOR PRODUCERS. AND THIS WEEK--INSPITE OF STRONG GRAIN MARKETS--PRICES CONTINUE TO SET NEW RECORDS.

NEBRASKA FEEDERS:

AND NEBRASKA NOW HOLDS THE TITLE AS TOP CATTLE FEEDER, SNATCHING THE REINS FROM TEXAS. USDA'S CATTLE ON FEED REPORT SHOWS NEBRASKA HAS TWO-POINT-FOUR-SIX MILLION HEAD IN FEEDLOTS. THAT'S 20-THOUSAND MORE HEAD THAN TEXAS. NEBRASKA GOVERNOR DAVE HEINEMAN SAYS THE STATE'S STRONG CORN SECTOR HELPS SUPPORT THE FEEDLOTS.

DRONE SHIPS:

WE'VE TALKED A LOT ABOUT DRONES THAT FLY BUT WHAT ABOUT DRONES THAT SWIM.
ROLLS ROYCE SAYS IT'S DESIGNING UNMANNED CARGO SHIPS. THAT COULD HAVE A BIG IMPACT ON THE 375 BILLION DOLLAR SHIPPING INDUSTRY THAT CARRIES SOME 90 PERCENT OF WORLD TRADE. THE SHIPS WOULD BE 5 PERCENT LIGHTER AND BURN ABOUT 15 PERCENT LESS FUEL. CURRENTLY CREW COSTS MAKE UP ABOUT 44 PERCENT OF TOTAL OPERATING EXPENSES.

ANALYSIS:

BOTH GRAINS AND LIVESTOCK PRICES HAVE SEEN A DECENT RUN IN RECENT WEEKS. AS FARM DIRECTOR AL PELL DISCUSSES IN THIS MORNING ANALYSIS...THERE ARE A LOT OF FACTORS OTHER THAN THE TYPICAL FUNDAMENTALS THAT COULD IMPACT MARKETS IN THE COMING MONTHS.

TEXAS BEEF:

WE'VE ALL HEARD THE STORIES - YOU ASK A NON-AG PERSON WHERE THEIR FOOD COMES FROM, AND THEY MIGHT JUST SAY THE GROCERY STORE. JUST OUTSIDE SAN ANTONIO, TEXAS, A GROUP OF FARMERS ARE REACHING OUT TO PEOPLE - STRANGERS AND NEIGHBORS LIKE - TO LET THEM KNOW WHO GROWS THE FOOD. JESSICA DOMEL FROM THE TEXAS FARM BUREAU HAS OUR STORY ABOUT CONNECTING WITH CUSTOMERS.

MEAT RECALL:

WE HAVE AN UPDATE THIS MORNING ON A MEAT RECALL WHICH IS LINKED TO THOSE POPULAR 'TO GO' SNACKS CALLED HOT POCKETS. A CALIFORNIA NEWSPAPER IS REPORTING THAT FEDERAL OFFICIALS HAVE LAUNCHED A CRIMINAL PROBE OF RANCHO FEEDING CORPORATION.THAT NORTHERN CALIFORNIA SLAUGHTERHOUSE RECENTLY RECALLED MORE THAN EIGHT MILLION POUNDS OF BEEF. USDA SAYS THE COMPANY PROCESSED DISEASED AND UNHEALTHY ANIMALS AND CIRCUMVENTED FEDERAL INSPECTION RULES.

HONEY BEES:

MEANWHILE HONEYBEES IN THE MIDWEST ARE GOING TO GET SOME HELP FROM THE AG DEPARTMENT. USDA ANNOUNCED THREE MILLION DOLLARS IN GRANTS TO HELP FARMERS RE-SEED PASTURES WITH ALFALFA, CLOVER AND OTHER PLANTS THAT APPEAL TO BOTH BEES AND LIVESTOCK. DAIRY FARMERS AND RANCHERS IN MICHIGAN, MINNESOTA, WISCONSIN AND THE DAKOTAS ARE ELIGIBLE. USDA IS HOPING TO STEM LOSSES FROM COLONY COLLAPSE DISORDER AND HABITAT-LOSSES. IT'S ESTIMATED COMMERCIAL HONEYBEES POLLINATE 15 BILLION DOLLARS WORTH OF PRODUCE EACH YEAR.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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