AgDay Daily Recap -September 25, 2013

September 25, 2013 04:57 AM
 

TODAY ON AGDAY

SEPTEMBER 25, 2013

 

SMITHFIELD:

THE WORLD'S LARGEST PORK PRODUCER AND PROCESSOR HAS SECURED THE FINAL STEPS IN A DEAL THAT WILL GIVE A CHINESE PORK PROCESSOR CONTROL OF THE COMPANY. AND THAT'S OUR TOP STORY ON AGDAY.

CORN PRICES:

FOR THE LAST FIVE YEARS FARMERS HAVE ENJOYED HISTORICALLY HIGH CORN AND SOYBEAN PRICES AND THAT BULL MARKET HAS PUSHED LAND VALUES TO RECORD HIGH LEVELS THROUGHOUT THE CORN BELT. HOWEVER, 2013 COULD BE A RUDE AWAKENING WITH USDA PROJECTING A RECORD LARGE CORN CROP AND MUCH LOWER PRICES. WHAT WILL THAT MEAN FOR NET FARM INCOME IN STATES LIKE NEBRASKA AND WILL IT FINALLY BUST THE LAND BUBBLE? AGDAY REGIONAL REPORTER MICHELLE ROOK HAS SOME ANSWERS.

CROP WATCH:

AS FAR AS CROPWATCH - A FARMER FROM SARGENT COUNTY, NORTH DAKOTA POSTED ON AGWEB THAT HIS EARLY SOYBEAN YIELDS ARE DISAPPOINTING WHICH ISN'T REALLY A SURPRISE. MOSTLY IN THE UPPER TEENS. HE SAYS CORN IS BREAKING DOWN QUICKLY, SO THEY WILL BE HARVESTING EARLIER THAN WE LIKE TO MINIMIZE LOSSES. AS CRANBERRY HARVEST GETS UNDERWAY, OCEAN SPRAY IS EXPECTING HARVEST WILL BE ABOUT 11 MILLION BARRELS WORLDWIDE. THAT'S EVEN WITH LAST YEARS PRODUCTION LEVELS.
OCEAN SPRAY IS A FARMERS CO-OP BASED IN MASSACHUSETTS WHICH RANKS NUMBER TWO IN PRODUCTION. THE TOP PRODUCER IS WISCONSIN WITH ABOUT 60-PERCENT OF THE CRANBERRY CROP.

FIRE RATING SCALE:

YOU'RE PROBABLY FAMILIAR WITH THE RATING SCALES FOR HURRICANES AND TORNADOES. PART OF THAT ASSESSMENT IS BASED ON DAMAGE POTENTIAL. NOW THE NATIONAL INSTITUTE FOR STANDARDS AND TECHNOLOGY IS DEVELOPING A SIMILAR SCALE FOR WILDFIRES. MIKE HOFFMAN HAS DETAILS FROM THE AGDAY WEATHER-CENTER. MIKE, THIS SEEMS LIKE IT COULD BE AN IMPORTANT TOOL FOR FORECASTERS?

ALPACA SHEARING:

IN AGRIBUSINESS TODAY - ALPACA PRODUCERS IN AUSTRALIA ARE PUTTING MORE EMPHASIS ON HARVESTING QUALITY FLEECE. FOR THE FIRST TIME IN COMMERCIAL HERDS, PRODUCERS ARE USING THE "SADDLE-FIRST SHEARING" TECHNIQUE. THE METHOD IS DESIGNED TO GET THE FLEECE OFF IN ONE PIECE - MAXIMISING THE QUALITY AND VALUE. THERE'S A GROWING MARKET FOR LUXURY FLEECE AND FARMERS LIKE KELLI PFEIFFER ARE KEEN TO CASH IN.

ANALYSIS:

IT'S NEVER TOO EARLY TO LOOK AT 2014. IF SOYBEAN PRICES TREND HIGHER, AND CORN LOWER, HOW WILL THAT IMPACT ACREAGE? WELL, YOU HAVE TO THROW SOUTH AMERICA IN THE MIX. AL PELL HAS MORE IN ANALYSIS.

BEEF RESEARCH:

RESEARCHERS AT THE LSU AGCENTER ARE LOOKING AT WAYS TO IMPROVE THE QUALITY OF WATER RUNNING OFF CATTLE FARMS. IN THIS REPORT PROVIDED BY LSU TOBIE BLANCHARD REPORTS ON ONE STUDY THAT EVALUATES DIFFERENT PLANTING METHODS OF WINTER FORAGE.

BURGER KING FRIES:

BURGER KING IS TRYING TO CHANGE CLAIMS THAT FRENCH FRIES ARE UNHEALTHY. THEY'RE DOING SO WITH THE INTORDUCTION OF SATISFRIES.

DAIRY PLANT:

THE DAIRY MARKET IN THE NORTHEAST SEEMS TO KEEP GROWING. IT'S ALSO PROMPTING DAIR 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.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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