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AgDay Daily Recap -January 16, 2014

January 16, 2014
 
 

TODAY ON AGDAY

JANUARY 16, 2014

 

CATTLE PRICES:

GOOD MORNING I'M CLINTON GRIFFITHS. COLD WEATHER, SLOWING DAILY GAINS AND THE SMALLEST NATIONAL HERD IN SIX DECADES ARE ALL WORKING TOGETHER TO KEEP CATTLE MARKETS SETTING NEW RECORDS. CHOICE BOXED BEEF IS ALSO IN UNCHARTED WATER PUSHING UP AGAINST THE 220 DOLLAR MARK. MUCH OF THIS RUN IS WEATHER RELATED. LAST WEEK'S COLD SLOWED THE DAILY WEIGHT GAINS OF LIVESTOCK THROUGHOUT THE MIDWEST AS HERDS REQUIRE MORE ENERGY TO STAY WARM. WITH THE FEWEST CATTLE IN THE COUNTRY SINCE 1952, COMMERCIAL BEEF PRODUCTION IS EXPECTED TO FALL MORE THAN 5 PERCENT THIS YEAR ACCORDING TO USDA. OKLAHOMA STATE LIVESTOCK MARKETING SPECIALIST DERRELL PEEL SAYS THESE HIGH PRICES HAVE STRONG SUPPORT.

WESTERN WATER:

THE DRY CONDITIONS IN TEXAS AND OTHER WESTERN STATES ARE ANOTHER FACTOR IN THE CONTINUING SHORTAGE IN THE HERD SIZE. AND THERE APPEARS TO BE NO SIGNS OF RELIEF. USDA'S NATURAL RESOURCES CONSERVATION SERVICE JUST RELEASED THE DATA OF ITS FIRST WATER SUPPLY FORECAST FOR 2014. IT MEASURES THE POTENTIAL FOR THE WATER SUPPLY WEST OF THE CONTINENTAL DIVIDE, BASED ON SNOWPACK. N-R-C- S SAYS EARLY INDICATIONS IN THOSE 13 WESTERN STATES IS THAT IT WILL CONTINUE TO BE VERY DRY. THE AGENCY SAYS IT GETS WETTER AS YOU TRAVEL EAST. RIGHT NOW IT'S EXPECTING A "NORMAL" WATER SUPPLY EAST OF THE DIVIDE.

DRY WASHINGTON:

METEOROLOGISTS AT WASHINGTON STATE SEE THE SAME DRY CONDITIONS. THEY SAID DESPITE THE BITTER CHILL OF EARLY DECEMBER, A LACK OF PRECIPITATION AND BAD TIMING HAVE LEFT THE MOUNTAINS LOW ON SNOW FOR THE START OF 2014. AS OF EARLY JANUARY, THE CASCADE SNOWPACK SITS AT LESS THAN 50 PERCENT OF NORMAL. THE STORMS THAT DID OCCUR WERE WEAK AND MILD, AND THE END RESULT WAS OFTEN LIGHT RAIN RATHER THAN SNOW.

CROP WATCH:

IT'S BEEN A RATHER DRY WINTER IN NEBRASKA. AND THAT CONCERNS WHEAT GROWERS IN THAT STATE. MIKE HOFFMAN WITH THE DETAILS IN THIS MORNING'S CROPWATCH.

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