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AgDay Daily Recap -May 19, 2014

May 19, 2014
 
 

TODAY ON AGDAY

MAY 19, 2014

 

PLANTING PROGRESS:

GOOD MORNING I'M CLINTON GRIFFITHS. LAST MONDAY'S CROP PROGRESS REPORT SHOWED BIG STRIDES IN GETTING THE CROP PLANTED.  BUT MANY TRACTORS WERE ON THE SIDELINES THIS PAST WEEK DUE TO THE COLD AND RAIN.

CATTLE ON FEED:

WITH SPRING CALVING WRAPPING UP, ATTENTION TURNS TO GROWING THOSE CALVES. FRIDAY THE USDA RELEASED ITS LATEST CATTLE ON FEED REPORT.

WALSTEN RANCHLAND:

JUST LAST YEAR RECORD HIGH CROPLAND PRICES WERE THE BUZZ. BUT AS THOSE INCOMES BACK OFF, SO HAVE THOSE LAND VALUES. AND NOW THE ROLES HAVE REVERSED AND RANCHLAND VALUES ARE CLIMBING HIGHER.

MEAT PRICES:

IT MAY BE A SLOW START TO GRILLING SEASON BUT MEAT PRICES CONTINUE TO RACE HIGHER. THE BUREAU OF LABOR STATICS SAYS MEAT PRICE CLIMBED ALMOST 3 PERCENT IN APRIL. THAT'S THE MOST SINCE NOVEMBER OF 2003--AND THE SECOND BIGGEST SPIKE IN 34 YEARS. AS CRAIG GEAUTREUX OF THE LSU AGCENTER REPORTS, SHOPPERS NOTICE.

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