AgDay Daily Recap -September 24, 2013

September 24, 2013 04:57 AM
 

TODAY ON AGDAY

SEPTEMBER 24, 2013

 

NEBRASKA FLOODING:

GOOD MORNING I'M TYNE MORGAN, IN FOR CLINTON GRIFFITHS. AS FARMERS IN NEBRASKA RAMP UP TOWARDS HARVEST, NOW THERE ARE CONCERNS LOW-LYING FIELDS COULD FALL VICTIM TO REMNANTS OF THE HISTORIC COLORADO FLOODING.

CROP WATCH:

HEAVY RAINS HAVE BEEN A PROBLEM IN OTHER PARTS OF THE COUNTRY.

CROP PROGRESS:

TAKING A LOOK AT THE LATEST CROP PROGRESS REPORT RELEASED YETSERDAY, 7 PERCENT OF THE NATION'S CORN CROP HAS BEEN HARVESTED. THAT'S 9 POINTS BEHIND AVERAGE BUT LAGGING 21 POINTS FROM LAST YEAR'S RECORD PACE. USDA STARTED RECORDING SOYBEAN HARVEST THIS WEEK. IT SHOWS 3 PERCENT IS OUT OF THE FIELD, 6 POINTS BHIND AVERAGE. RICE HARVEST IS ALSO UNDERWAY. 45 PERCENT OF THAT CROP IS OUT OF THE FIELD, 8 POINTS BEHIND AVERAGE AND 25 LOWER THAN LAST YEAR.

CANADA WHEAT:

MEANWHILE, CANADIAN WHEAT PRODUCERS COULD SET RECORDS THIS YEAR. THE CANADIAN WHEAT BOARD TOLD US-AG NET THIS YEAR IS EXCEPTIONAL, EVEN LABELING IT A BUMPER CROP. THE HIGHEST ALL-WHEAT YIELD IN CANADA IS 42 BUSHELS PER ACRE. THIS YEAR, IT'S EXPECTED TO REACH 49 BUSHELS PER ACRE. STATISTICS CANADA EXPECTS THIS YEAR'S CROP TO TOP OUT AT MORE THAN 30 POINT 5 TONS, WHICH IS UP NEARLY 13 PERCENT FROM LAST YEAR. USDA HAS PEEGED CANADIAN WHEAT PRODUCTION AT 31 POINT 5 TONNES. THERE'S ALSO TALK CANADA'S CANOLA YIELDS COULD SET RECORDS.

ADM:

ARCHER DANIELS MIDLAND COMPANY SAYS IT WANTS TO RE-LOCATE ITS GLOBAL HEADQUARTERS TO A NEW CITY. IT'S BEEN BASED IN DECATUR, ILLINOIS FOR 44 YEARS. A-D-M SAYS THE NORTH AMERICAN HEADQUARTERS WOULD REMAIN THERE, ALONG WITH ITS 44-HUNDRED JOBS. CEO PATRICIA WERTZ) SAYS IN A NEWS RELEASE THAT THE COMPANY NEEDS TO HAVE BETTER ACCESS TO CUSTOMERS AND EMPLOYEES AROUND THE WORLD.

DTR FLUID MILK:

IN DAIRY TODAY, GENERIC MILK ADVERTISING IS HELPING BOOST FLUID MILK SALES.
THAT'S ACCORDING TO A REPORT ON THE EFFECTIVENESS OF DAIRY CHECKOFF AND PROMOTION PROGRAMS RECENTLY RELEASED TO CONGRESS.

DFA NEW PLANT:

THE DAIRY MARKET IN THE NORTHEAST SEEMS TO KEEP GROWING. IT'S ALSO PROMPTING DAIRY FARMERS OF AMERICA, ALONG WITH CRAIGS STATION VENTURES, TO CREATE A NEW 12 MILLION DOLLAR FACILITY IN YORK, NEW YORK. IT'S A COLD MILK SEPARATION FACILITY THAT WILL PROCESS ONE MILLION POUNDS OF MILK DAILY. WHILE THE PLANT WILL PRODUCE CREAM, THE SKIM WILL BE SOLD TO LOCAL YOGURT AND CHEESE PLANTS.

CATTLE:

PLACEMENTS IN U-S FEED YARDS ARE FALLING DUE TO BETTER PASTURE CONDITIONS AND IMPROVED FEED COSTS. IT'S ALSO ATTRIBUTED OF MULTIPLE YEARS OF DECLINING CATTLE SUPPLIES.
PREVENT PLANT:

IN AGRIBUSINESS TODAY, NEW CLAIMS THAT THE CURRENT PREVENTED PLANTINGS COVERAGE PAYS FARMERS TOO MUCH AND DISCOURAGES THEM FROM SECOND PLANTINGS.
THAT'S ACCORDING TO RESULTS FROM A RECENT REPORT FRM THE U-S INSPECTOR GENERAL.

ANALYSIS:

SPEAKING OF PREVENT PLANT, LAST WEEK'S FSA REPORT MOVED THE MARKET, BUT WAS IT ENOUGH? AL PELL TALKS TO MIKE FLOREZ IN THIS MORNING'S ANALYSIS.

EDAMAME:

THERE ARE MORE THAN 77 MILLION ACRES OF SOYBEANS IN THE UNITED STATES. VERY FEW OF THESE BEANS WILL BE CONSUMED DIRECTLY OUT OF THE POD BY US. BUT, AS TODD GLEASON TELLS US IN THIS REPORT PROVIDED BY THE UNIVERSITY OF ILLINOIS EXTENSION, THERE IS A PUSH TO GROW MORE VARIETIES SUITABLE FOR VEGETABLE CROP PRODUCTION. CURRENTLY, TAIWAN AND CHINA ARE BIG SUPPLIERS OF FROZEN EDAMAME TO THE U-S.
THE CHINESE HAVE HAD A DIETARY SHIFT... AND IT'S NOT AS HEALTHY. WE HAVE DETAILS COMING UP NEXT IN FOOD AND YOUR FAMILY.

CHINA PROCESSED FOODS:

IN FOOD AND YOUR FAMILY, CHINA COULD SOON SWIPE THE TITLE AMERICA HAS HELD FOR YEARS -- THE PROCESSED PACKAGED FOODS CAPITAL OF the WORLD.

FDA SMARTPHONES:

A SMARTPHONE OFFERS ITS USER A LOT OF OPTIONS. BUT Would YOU EVER CONSIDER USING IT AS A MEDICAL TOOL?

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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